Kaiko analysts have identified key factors that position XRP before other cryptocurrencies for the potential FNB approval by the Securities and Exchange Commission of the United States. With the dry required to respond to the Graycale ETF SPOT SPOT deposit by May 22, anticipation is construction.
Kaiko’s report highlights the higher liquidity of the XRP market, noting that it has the average depth of the highest Altcoin market on major centralized exchanges. This high liquidity indicates a stable market environment, which is visualized favorably by the dry. XRP is currently leading to active ETF applications, with 10 deposits, against five for Solana and three each for Litecoin and Dogecoin.
In addition, the recent launch of the ETF XRP in Tรฉucrium lever, designated XXRP, adds another layer of complexity. This product aims to provide twice the daily return of XRP through derivatives and has become the first XRP ETF with leverage in the United States. However, a traditional SPOT XRP has not yet received approval from the dry.
Despite these developments, the demand for ETF XRP spot remains uncertain. Analysts noted that the ETHEREUM ETHE market has experienced a limited traction, and many institutional investors still favor Bitcoin.
The XRP options market has shown a lower feeling, reflecting a broader uncertainty of the market rather than specific concerns about FNB approval.
Other cryptocurrencies, such as Litecoin and Solana, are also in the running for the approval of the ETF. Litecoin is considered a solid candidate because of his similarities with products. In addition, Canada is preparing to launch ETF Solana Spot, often preceding similar approvals to the United States
While the SEC deliberates its long -term cryptographic regulation strategy, the deadline to come for the Graycale deposit can provide clarity on the potential of XRP as a favorite in the ETF race.
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