The US government shutdown has negatively impacted many government agencies, and the SEC is undoubtedly one of them. At this point, while the SEC continues its work with limited staff, the approval and launch of altcoin ETFs, which were due in October, were also delayed. While many altcoins like XRP, Solana (SOL) and Litecoin (LTC) are awaiting ETF approval, a new ETF application has arrived in the US. Bloomberg ETF analyst James Seyffart reported that GraniteShares has filed for a series of 3x leveraged cryptocurrency ETFs. These applications include Bitcoin (BTC), Ethereum (ETH), Solana, and XRP. The company is requesting approval for leveraged ETFs that offer 3x long and 3x short positions on the respective tokens' price. The recommended funds offer a significantly higher risk-reward profile compared to 2x leveraged alternatives currently available from ProShares and Teucrium. Bloomberg analyst James Seyffart said the filings suggest regulators “may be open to allowing more volatile products into the market.” As is well known, the SEC fundamentally simplified the crypto ETF approval process by approving the General Listing Standards for commodity-based exchange-traded products on September 17, 2025. Accordingly, exchanges like Nasdaq, NYSE Arca, and Cboe BZX will now be able to list eligible products without requiring individual Section 19(b) reviews, eliminating months of regulatory delays. *This is not investment advice. Continue Reading: Altcoin ETFs Hit by US Government Block, But New ETF Applications Submitted for Bitcoin, Ethereum, and Two Altcoins!
