COINOTAG News on October 8 cited Bloomberg analyst James Seyffart, reporting that GraniteShares has submitted a batch of 3x leveraged cryptocurrency ETF applications targeting Bitcoin, Ethereum, SOL, and XRP.
Such filings, subject to review by the SEC, would aim to provide triple daily exposure to the referenced tokens; leveraged ETFs typically increase portfolio volatility and can generate material tracking error versus spot benchmarks, underscoring the need for robust risk controls and clear prospectus disclosures for eligible investors.