3X Leveraged ETFs on the Rise with XRP, SOL, ETH and Bitcoin Filings

Group 1 - GraniteShares is planning to launch 3X Leveraged ETFs based on XRP, Solana, Ethereum, and Bitcoin, offering both short and long positions [1][2] - The current crypto ETF market is experiencing a bullish trend with significant profits and new token acquisitions, although regulatory delays are affecting the rollout of altcoin ETFs [2][4] - Most competitors have only proposed 2X return products, making GraniteShares' 3X offerings potentially advantageous in a riskier niche [3][4] Group 2 - XRP has been a popular choice for leveraged ETFs due to its broad appeal, with previous 2X XRP ETFs gaining popularity this summer [4][5] - In addition to XRP, GraniteShares is also proposing leveraged ETFs for Solana, Ethereum, and Bitcoin, although market conditions may not favor all these tokens for risk-seeking investors [5][6] - The proposed leveraged ETFs would allow for both short and long positions, which could be beneficial in volatile market conditions [5]