【Fortune Ox PG Soft】XRP Poised to Be Next Token With US ETF: Kaiko

Here's why XRP is Fortune Ox PG Softahead of SOL in ongoing ETF race Advertisement

According to analytics firm Kaiko, XRP is positioned to be the next altcoin to get its own exchange-traded fund (ETF) in the U.S.

Advertisement

The firm has noted that XRP and SOL stand out as the most likely candidates to get such a product.

At first glance, it might seem like SOL has an edge over the Ripple-affiliated token. 

HOT Stories Michael Saylor Issues Mysterious Post As Bitcoin Breaks Out: 'Meet Me At The Top' Bitcoin Breakout Euphoria Thrashed by Legendary Trader Peter Brandt $150,361,090 XRP Mystery Stuns Community, Here's What's Really Behind It Bitcoin to Behave Similarly to Gold for Next Few Thousand Years: US Government’s Top Crypto Executive

As reported by U.Today, mutual fund behemoth Fidelity officially joined the Solana ETF race last year. Furthermore, CME rolled out regulated SOL futuresthroughout the month, which was deemed to be a major milestone for the altcoin. 

Advertisement

However, according to Kaiko, XRP might have the upper hand due to its soaring market depth, which has now surpassed that of SOL.

Following the massive rally that took place in the fourth quarter of 2024, the token's spot volume has now increased dramatically. 

Moreover, the first leveraged XRP ETF successfully launchedin the U.S. in April. The product had a better-than-anticipated debut, showing that there is demand for the Ripple-affiliated token.   

According to Polymarket bettors, the odds of a spot-based XRP ETF being approved in the U.S. currently stand at 73%. This represents a substantial decline compared to the March 27 peak of 87%.