XRP leads in new ETF applications ahead of SEC’s deadlines
XRP could be the most likely candidate for the next approval of the FNB Crypto-Spot, says that Kaiko Research.
XRP may emerge as the most likely candidate among the potential funds for the exchange of Altcoin. According to a recent Kaiko report, Xrp (XRP) is at the top of all the other tokens by the number of ETF deposits, which is at 10. Solana (GROUND) is in second place, with deposits of five ETF transmitters.
XRP liquidity makes it a key candidate for ETF approval
According to Kaiko, XRP and Solana are probably candidates for approval. Indeed, the two assets have a very liquid cash market, which the American commission for securities and exchange will take into account when processing requests. XRP and Solana have the highest market depth of 1%, which is a measure of liquidity nearby.
XRP and Sol stand out as two of the most popular assets for ETF applications and are also among the most liquid. A very liquid cash market is important to create effective structured products, and the former dry leadership was very sensitive to this.
More specifically, the depth of the XRP market took off towards the end of 2024, which was also when XRP exceeded Solana by market capitalization. However, no token has a market in the active future, which, according to Kaiko, was a key element in the DEC decision to list the Bitcoin ETF product.
In addition, its commercial volume is mainly concentrated outside the United States, which is another concern for the dry. However, the interior part of the negotiation volume has improved considerably for XRP since its radiation from American exchanges in 2021.
On the other hand, for Solana, the share of the interior volume has systematically decreased, against a range of 30 to 25% to 16%. This improvement in the volume of interior trading also places XRP with regard to ETF emission.
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