Recent data reveals that XRP’s 2x leveraged fund has surpassed Solana futures in trading volume, indicating a potential shift in the market. A key factor behind this growth is XRP’s dominance in international markets, raising questions about the future of its futures trading approval. The SEC’s response to Grayscale’s spot XRP application is anticipated by May 22nd, which could significantly impact XRP’s trajectory. The potential for increased spot trading volume within US exchanges alongside the launch of XRP product, could positively influence this approval process. 2x leveraged product has seen high trading volume compared to Solana products. This absence of a futures market might hinder an ETF approval, according to Bloomberg. Meanwhile, Kaiko suggests that the uptick in XRP’s spot trading may benefit its chances of approval. The SEC is expected to announce its decision on Grayscale’s application by May 22nd. The recent surge in XRP prices, which has seen a 12.5% increase over the past week, alongside positive market trends indicate increased confidence and anticipation from investors. Market analysts suggest that the lower risk associated with the spot product compared to its leveraged counterpart due to European ETP yields might contribute to the SEC’s decision. The developments surrounding the XRP fund and market dynamics point towards significant indicators regarding the anticipated approval process. For a clearer understanding, it is essential to stay informed about any updates from the SEC.