GraniteShares Postpones Launch of 8 Leveraged Crypto ETFs: A Surprising Delay Shakes Market Sentiment

GraniteShares has postponed the planned April 23 launch of eight 3x leveraged long and short crypto ETFs (for Bitcoin, Ethereum, Solana and XRP) to May 7. The delay—attributed by observers to volatile crypto markets and ongoing SEC/regulatory procedures—raises short-term uncertainty for retail traders seeking amplified exposure but is viewed as prudent by some institutional investors. Market reaction was muted, with Bitcoin and Ethereum showing minimal price movement on the news. The move highlights regulatory scrutiny around leveraged crypto products and could delay similar launches until market and compliance conditions stabilize.