XRP and SOL Lead in Liquidity for ETF Approval
Data from Kaiko Indices reveals that XRP and Solana (SOL) dominate the crypto market with the deepest 1% market depth on vetted exchanges. Since late 2024, XRP has surpassed SOL in liquidity and now doubles Cardano’s ADA in trading depth, positioning it as a prime candidate for a U.S. spot ETF approval.
Key Insights:
- XRP’s U.S. market share has grown since the SEC’s 2021 lawsuit, while Solana’s share declined to 16% from its 2022 peak (25–30%).
- Teucrium’s 2X XRP ETF launch has boosted momentum, attracting $5M+ in volume on its debut day.
- Deribit’s options market shows caution, with a bearish skew in implied volatility for April expirations, indicating demand for downside protection.
Why XRP Is Gaining ETF Approval Momentum
Liquidity and Market Depth
Unlike Bitcoin, which secured ETF approval after Grayscale’s legal victory highlighted the SEC’s inconsistency, XRP lacks a strong futures market and relies heavily on offshore trading volume. However, its U.S. spot market presence has strengthened, making it a top contender for regulatory approval.
👉 Why XRP’s ETF Approval Could Change Crypto Markets
Teucrium’s 2X XRP ETF: A Game-Changer
The recent launch of a leveraged XRP ETF by Teucrium—tracking European ETPs and swap agreements—has amplified optimism. Analysts suggest this could fast-track XRP’s approval ahead of SOL, DOGE, or LTC.
FAQ: XRP ETF Approval
1. When could the XRP ETF be approved?
The SEC faces a May 22 deadline for Grayscale’s application, with other filings under review.
2. How does XRP’s liquidity compare to Solana?
XRP’s 1% market depth now exceeds SOL’s, doubling ADA’s liquidity.
3. What’s driving XRP’s ETF potential?
- High U.S. market share
- Teucrium’s 2X ETF success
- Regulatory momentum post-SEC case
Market Outlook
While XRP’s fundamentals are strong, derivatives markets remain cautious. Analysts caution that Litecoin (LTC)—with a Bitcoin-like consensus mechanism—could also secure approval.
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