GraniteShares Targets April 23 Launch for 3x Leveraged XRP ETFs

GraniteShares is targeting an April 23 launch for 3x leveraged XRP ETFs, according to the source post.

XRP

Summary

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Terms & Concepts
  • Leveraged ETF: An exchange-traded fund designed to magnify the daily returns of an underlying asset, increasing both potential gains and losses.
  • XRP ETF: An exchange-traded fund providing exposure to XRP, the cryptocurrency associated with the XRP Ledger.
  • XRP Ledger: A blockchain network designed for fast settlement and transfers using XRP as its native asset.