SEC Delays New XRP ETF Again: Is US Midterm Election To Blame?
The US Securities and Exchange Commission (SEC) has pushed back the effective date of a GraniteShares filing covering leveraged XRP ETF. This action has delayed the anticipation of investors for new investment products that will be associated with Ripple’s XRP.
SEC Sets November 30 Deadline For New XRP ETFs
The filing comes just days before the November 3 U.S. midterm elections. It has questioned the political uncertainty’s impact on the regulatory timeline. But the document does not contain a connection to the elections.
On October 26, 2026, GraniteShares ETF Trust filed a post-effective amendment with the SEC. The document says its sole intent is to delay the impact of an earlier change to the registration until Nov. 30, 2026.
Several crypto products are covered by the registration. These include the GraniteShares 3x Long XRP Daily ETF and GraniteShares 3x Short XRP Daily ETF. The same filing also includes funds that are leveraged on Bitcoin, Ethereum and Solana.
GraniteShares has pushed the effective date for its 3x Long and 3x Short XRP, Bitcoin, Ether and Solana ETFs to November 30, 2026, per a new SEC filing.
Do you expect these to launch on the new date? pic.twitter.com/g460WoStQ0
— 𝗕𝗮𝗻𝗸XRP (@BankXRP) October 26, 2026
The SEC amendment for these XRP ETFs adopts November 30 as the proposed effective date for Rule 485(b) of the Securities Act of 1933. This is not an explanation for the postponement and doesn’t refer to the US midterm elections.
The Midterm Elections Bring Political Uncertainty
The SEC filing comes as Republicans and Democrats battle it out for control of Congress in the Nov. 3 U.S. midterm elections. Republicans now have a House of Representatives that is 218-214 and a Senate with a 53-47 lead.
The result may have implications for political regulation of cryptocurrencies. The elections will gauge the control of both houses as the Democrats try to gain control of both, and they will be a test of President Donald Trump’s administration.
On October 12, AdImpact reports that over $3.8 billion had been spent on aired political advertisements. The contests are driven by economic worries, among other factors, and by voter sentiment.
However, the SEC’s decision appears to have been independent of the election calendar. Currently, there is no evidence in the GraniteShares’ XRP ETF delay filing that the election played any role.
GraniteShares ETF Trust President William Rhind signed the amendment on October 26. Investors will have to now wait and see if the registration gets the green light on the new effective date.
Instant Currency Exchange at BestChange with Ease
- Compare Rates Across 1000+ Exchanges
- Access 250+ Cryptocurrencies & Pairs
- Save Time with Real-Time Price Tracking
- Trusted & Verified Exchange Listings
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
CRYPTO IMPACT AWARDS 2026
