This is Why 3X Leveraged XRP ETFs Could Offer Huge Gains

GraniteShares, the prospective issuer, was an early leader in the fight for crypto ETFs, making persistent efforts over the last few years. Although the firm is not one of the leading issuers in today’s market, its play for 3X leveraged ETFs could give it a real advantage in this riskier niche.

To date, most competitors have only proposed products with 2X returns. These new products, if approved, would offer 3X returns on both short and long positions for the token.

Keeping an Eye on XRP

The firm has picked four tokens for these ETFs, based on the current market leaders. Due to its broad memetic appeal, XRP has been a particular target for these leveraged ETFs, with multiple proposals getting approved earlier this year. 2X XRP ETFs proved especially popular this summer, but those apparently aren’t risky enough.

In addition to leveraged XRP ETFs, GraniteShares is also proposing similar products based on Solana, Ethereum, and Bitcoin. Still, not all of these tokens are necessarily appealing to the risk-loving investor right now.

BTC, for example, is currently swayed by monetary panic from TradFi investors, not expectations of wild gains from retail. GraniteShares’ leveraged ETFs would offer short or long positions, so a little chaos might actually be desirable.

Steady corporate-fueled growth is hardly compatible with a maximum-risk strategy, after all.

The SEC isn’t doing anything as long as the federal government is shut down, but it’ll hopefully approve these new altcoin offerings. In today’s market of TradFi dominance, these 3X leveraged products could reintroduce some of the exuberant price actions that typically characterize crypto trading.