A new report has been published on the Kaiko Research platform, where experts analyze the prospects for the development of the cryptocurrency market, particularly altcoins, in the context of the launch of exchange-traded funds (ETFs). They note that the highest likelihood of approval belongs to XRP and Solana, with the latter having an advantage.
This is reported by Finway
Analysts believe that the U.S. Securities and Exchange Commission (SEC) will soon approve spot XRP-ETFs. Their conclusions are based on an analysis of market depth and spot trading volume on American exchanges. The report particularly emphasizes the liquidity of Solana and XRP, which stand out among other altcoins that have been included in ETF provider applications.
Market Dynamics of XRP and Solana
Experts at Kaiko Research highlight that among all analyzed assets, XRP demonstrates the highest liquidity metrics. According to the provided data, since the end of 2024, the spot trading volume of XRP on American cryptocurrency exchanges has significantly increased. Meanwhile, Solana is experiencing a downward trend. According to the charts, XRP’s share in spot trading on American platforms has exceeded 20%, while Solana has fallen to 16%, although in 2022 this figure fluctuated between 25% and 30%.
ETF Approval and Market Impact
Experts believe that the approval of spot Bitcoin-ETFs became possible due to the SEC’s case against Grayscale Investments, which revealed inconsistencies in the regulator’s positions. “This trend of improving underlying market metrics and the launch of two XRP-ETFs last week puts the asset ahead of other altcoins when it comes to SEC approval,” the report states.
Among the recently launched XRP-ETFs in the U.S., experts highlight the Teucrium 2x Long Daily XRP ETF, which is a leveraged exchange-traded fund.