XRP ETF Approval: The Crypto Underdog’s Comeback Story 🚀

by

After the SEC gave Bitcoin and Ethereum ETFs the green light, the crypto world turned into a circus, with everyone betting on which altcoin would be the next star of the show. Kaiko, the crypto research firm, threw its hat into the ring, suggesting that XRP might just outpace Solana (SOL), Dogecoin (DOGE), and Litecoin (LTC) in the race for a U.S. spot ETF. 🎪

Here’s why Kaiko’s analysts are placing their chips on XRP…

XRP: The Dark Horse of the ETF Race

Kaiko’s data shows that XRP is leading the pack with 10 active ETF filings, leaving Solana’s five and Litecoin and Dogecoin’s three in the dust. 🏇

But it’s not just about the paperwork. XRP’s liquidity is the real showstopper. It boasts the highest “1% market depth” among altcoins on major exchanges, meaning there’s a lot of buying and selling happening close to the market price. And guess what? The SEC loves that kind of action. 💰

By the end of 2024, XRP’s market strength had grown so much that it left Solana in the rearview mirror and doubled Cardano’s numbers. 🚀

Then there’s Teucrium’s leveraged XRP ETF (XXRP), which aims to double XRP’s daily return. Funny enough, this risky product got approved before a basic spot ETF. Experts are scratching their heads, saying if the SEC is okay with a leveraged ETF, why not a simple spot one? 🤔

New Sheriff in Town: SEC Leadership Shake-Up

With Gary Gensler stepping down, pro-crypto Paul Atkins has taken the reins as the new SEC Chair. This change could mean faster and more favorable ETF decisions. 🕴️

Big players like Grayscale, VanEck, and Bitwise have already filed for spot crypto ETFs, with XRP in the mix. Mark your calendars for May 22, when the SEC is set to respond to Grayscale’s XRP ETF application. 📅

80% Chance of XRP ETF Approval: The Odds Are in Its Favor

Prediction market Polymarket is betting big on XRP, giving it an 80% chance of getting a spot ETF approved by the end of 2025. 🎲

Adding to the optimism, Ripple CEO Brad Garlinghouse confirmed that their legal battle with the SEC is over, removing a major roadblock to ETF approval. 🏁

XRP Coin
SEC Building

Read More

2025-04-15 19:52