GraniteShares is set to launch two 3x leveraged XRP exchange-traded funds (ETFs) on NASDAQ on April 23, 2026. The GraniteShares 3x Long XRP Daily ETF and the GraniteShares 3x Short XRP Daily ETF aim to deliver 300% of XRP's daily price movements using derivatives, not direct token holdings. These products are designed for active traders seeking amplified exposure to XRP's price fluctuations. The launch comes amid increasing institutional interest in XRP-linked investment products, with over $1.24 billion flowing into spot XRP ETFs since late 2025. However, the leveraged structure of these ETFs introduces higher risks, particularly for investors holding positions beyond a single trading session due to volatility decay. GraniteShares Advisors LLC will manage the funds, which join a broader lineup of leveraged crypto products including Bitcoin, Ether, and Solana ETFs.