A surprising development has drawn attention within the XRP community as a new exchange-traded fund proposal centered around the cryptocurrency quietly surfaced. The filing, which was submitted to the US SEC by GraniteShares, outlines a plan for a 3× leveraged XRP ETF that’s designed to amplify the altcoin’s daily performance.

Although the fund is not the Spot XRP ETF that many investors have been waiting for, its sudden appearance is a big step toward institutional recognition of the token in the US.

GraniteShares Proposes 3× Leveraged XRP ETF

According to documents filed with the SEC, GraniteShares is proposing to list a 3× leveraged XRP ETF to provide investors with triple the daily returns of spot performance. In essence, if the altcoin rises by one percent in a da

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