XRP leads in new ETF applications in front of SEC deadlines

The CSRP could be the most likely candidate for the next local CRIPTO ETF approval, claims that Kaiko is research.

The KSRP appears as probably the most probable candidate among potential AllCoin exchanges. According to a recent Caiko Report, XRP (XRP) Leads all other tokens per number of ETF units, which stand at 10. Solana (Sol) is in second place, with the submissions of the five ETF ETF publishers.

XRP liquidity makes it a key candidate for ETF approval

According to Kaiko, and XRP and Solana are probably candidates for approval. This is because both funds have a very liquid spot market, which will be taken into account when processing the application for securities. XRP and Solana have the largest depth on the market 1%, which is a measure of liquidity near the price.

XRP and SOL stand out as two most popular assets for ETF applications and are also among the most liquid. The high-fluid point market is important for creating effective structured products, and former SEC leadership was very sensitive to this.

In particular, the market depth of the KVRP moved close to the end of 2024. years, which was also when the KSRP suffered a salt makethric. However, the token does not have an active futures market, which the caico expires was a key element in the SEC decision to list the ETF product Bitcoin.

Moreover, its trading volume is mainly concentrated outside the US, which is another concern for a second. However, the domestic share in the scope of trading has been significantly improved for KSRP because it is from its obsolete 2021. years.

In contrast, for Solana, the share of domestic scope has consistently reduced, down 30-25% of the span at 16%. This improvement of the domestic trading volume also puts KSRP forward when it comes to issuing an ETF.

(XRP) (Sol)