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With Bitcoin and Ethereum ETFs already greenlit, the crypto industry is now turning its attention to the next altcoin likely to win U.S. spot ETF approval. According to crypto research firm Kaiko, XRP may be leading the race—outpacing Solana (SOL), Litecoin (LTC), and Dogecoin (DOGE) in both filings and market fundamentals.
XRP Leads in ETF Filings and Liquidity
Kaiko’s latest data shows XRP has 10 active ETF applications pending, more than any other altcoin. By comparison, Solana has five filings, while Litecoin and Dogecoin each have three. Beyond regulatory interest, XRP also boasts the highest “1% market depth” among altcoins—a measure of liquidity indicating strong buy and sell support near current prices. This metric is key for ETF readiness, as the U.S. Securities and Exchange Commission (SEC) prioritizes liquidity to ensure investor protection and market stability.
XRP’s momentum isn’t just regulatory. By the end of 2024, it had overtaken Solana in market strength and doubled Cardano’s position, solidifying its status as a blue-chip altcoin.
Teucrium’s XXRP: A Sign of What’s to Come?
In a surprising twist, Teucrium’s leveraged XRP ETF (XXRP)—which aims to deliver twice the daily returns of XRP—was approved before a standard spot ETF. Analysts argue that if a high-risk leveraged product can pass regulatory scrutiny, a spot ETF should logically follow.
Also Read: XRP’s Next Move? Experts Outline Critical Support Zones and Bullish Targets
Changing Winds at the SEC
The departure of SEC Chair Gary Gensler and the appointment of crypto-friendly Paul Atkins could accelerate ETF approvals. Firms like Grayscale, Bitwise, and VanEck have already submitted XRP ETF proposals, with the SEC expected to respond to Grayscale’s application by May 22.
Prediction platform Polymarket now estimates an 80% chance of XRP ETF approval by the end of 2025. With Ripple’s legal dispute with the SEC now resolved, as confirmed by CEO Brad Garlinghouse, regulatory barriers appear to be crumbling—potentially paving the way for XRP to make ETF history.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
