SEC Delays GraniteShares Bitcoin, XRP ETFs Ahead US Midterms
The U.S. Securities and Exchange Commission (SEC) has delayed the launch of GraniteShares’ proposed 3X leveraged crypto ETFs to November 30, 2026. The move affects products linked to Bitcoin, XRP, Ethereum, and Solana, just days before the November 3 U.S. midterm elections.
GraniteShares Pushes Back Launch Date for Eight Crypto ETFs
On October 26, GraniteShares ETF Trust filed a post-effective amendment with the SEC to delay the effectiveness of an earlier registration amendment until November 30, 2026.
The filing covers eight proposed products, including 3X long and 3X short daily ETFs for XRP, Bitcoin, Ether, and Solana. These funds use financial tools such as swaps and futures to target three times the daily price moves of the underlying assets, in either direction.
The document states that its purpose is to delay the effective date of the earlier amendment. It does not say the SEC rejected the products or explicitly identify the reason behind the revised timeline.
US Midterm Elections Raise Questions About the Timing
GraniteShares’ decision to pause its highly leveraged crypto ETFs comes as markets face uncertainty over the U.S. midterm elections and the Federal Reserve’s next move.
The delay comes just eight days before the November 3 midterm elections, when all 435 House seats and 35 Senate seats are up for election.
The results could affect control of Congress and future crypto rules, making some investors hesitant to take on more risk until the political outlook becomes clearer.
Meanwhile, the Federal Reserve’s October 27–28 meeting adds to market uncertainty. The Fed is widely expected to keep interest rates at 3.75%–4.00%, but any unexpected signals about future rate changes could also affect crypto prices.
What Happens Next?
The updated filing sets November 30 as the planned effective date for the registration amendment, but that does not guarantee all eight funds will begin trading on that day.
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