The GraniteShares filing also revealed plans for other similar leveraged products tied to other major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). The proposed product stands out, however, because it is one of the first attempts to introduce such a leveraged fund for XRP after the token’s regulatory clarity was established in the United States.
At the time of writing, XRP is trading at $2.83, down by 1% in the past 24 hours.