GraniteShares has expanded its product lineup to include a 3x leveraged XRP exchange-traded fund (ETF) listed on Nasdaq. The ETF is designed to deliver three times the daily return of XRP, making it an attractive option for traders seeking amplified exposure to XRP price movements.
The listing on Nasdaq makes the product accessible through standard brokerage accounts, allowing traders who already use platforms connected to Nasdaq to buy and sell the ETF without needing a crypto exchange account or managing private keys. This increased accessibility is expected to attract attention from institutional desks and algorithmic traders.