According to research so fresh it probably hasn’t even had breakfast yet, Kaiko reckons XRP is leading the frantic crypto stampede toward the next spot ETF approval. And, really, who wouldn’t want to be the next Bitcoin, with all the fame, glory, and regulatory paperwork?
So here’s the lay of the slightly wobbly land: XRP is striding ahead, gladiator-style, with not one, not two, but ten ETF filings. Picture that—ten arrows in the ETF quiver, all aiming for the lucrative boar marked “Approval.” Solana, meanwhile, is panting along in second place with five filings, which, let’s face it, is still five more than “Obscure Coin #4432.”
XRP: So Much Liquidity, You Could Practically Swim In It 🏊
The good folks at Kaiko cite liquidity as a key reason why XRP and Solana are likely to get a regulatory nod. Apparently, the SEC likes a healthy splash of liquidity when considering new ETFs—makes sense, as even bureaucrats get thirsty now and then. XRP and Solana both boast “the highest 1% market depth,” which is the sort of financial jargon that basically means there’s enough money sloshing around to not trip over your own feet.
XRP and SOL shine like two shiny things in a bucket full of less shiny things when it comes to ETF applications and liquidity. Past SEC bosses loved a juicy bit of liquidity, almost as much as they love a well-formatted spreadsheet.
XRP’s market depth really took off at the end of 2024, elbowing Solana aside and snatching the top slot by market cap. Of course, neither XRP nor Solana sports an active futures market—a fact Kaiko notes, waving a small red flag, since the SEC once saw this as a Bitcoin ETF rite of passage. But hey, who needs futures when you’ve already leapfrogged past your rivals?
Here’s a twist: Most of XRP’s trading volume still prefers to party offshore, much to the SEC’s mild annoyance. But since the Big U.S. Exchange Ban of 2021, XRP’s domestic action has picked up like someone just brought out free snacks at a finance convention.
Solana, meanwhile, has watched its domestic trading volume trickle away, from a respectable “oh, that’s something” 30-25% down to a more modest 16%. This leaves XRP sauntering ahead in the ETF popularity contest, with Solana eating its dust, and probable envy from coins with as much liquidity as your average desert.
If one of these tokens gets to put on the ETF crown next, don’t be surprised if XRP starts demanding a robe and scepter. (XRP) (SOL) 👑🚀
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2025-04-15 22:51