GraniteShares Pushes Back 3x XRP, Bitcoin, Ether and Solana ETFs to Nov. 30

GraniteShares ETF Trust has moved the effective date for its lineup of leveraged cryptocurrency ETFs to Nov. 30, 2026, postponing the arrival of the first 3x daily-reset products tied to XRP, Bitcoin, Ether and Solana.

The trust submitted a post-effective amendment on Oct. 26 under Rule 485(b), a procedural mechanism that lets a fund issuer reset the date on which a registration update takes effect. The filing covers the GraniteShares 3x Long XRP Daily ETF and the GraniteShares 3x Short XRP Daily ETF, along with comparable leveraged products tracking Bitcoin, Ether and Solana. William Rhind, president of GraniteShares ETF Trust, signed the document on the day it was submitted.

The amendment states that its sole purpose is to delay the effectiveness of an earlier registration change until the new date. It offers no explanation for the shift and makes no reference to market conditions, political developments or the election calendar.

That distinction matters. The filing is not an SEC denial, an approval or an adjudicative order. The regulator has not blocked the products; the issuer has chosen to defer its own timeline. A Form 485BXT is the variant of a Rule 485(b) amendment used to extend or reset an effective date, and the issuer selects the new date unilaterally within the rule's ceiling. GraniteShares is therefore not waiting on a commission decision -- it is electing not to go effective yet.