Kaiko analytics firm has identified XRP as a leading candidate for a future U.S.-listed Exchange-Traded Fund (ETF). Despite Solana’s progress in the ETF market, with Fidelity and CME contributing to its momentum, Kaiko suggests XRP might be best positioned due to significant increases in market depth.
The firm cites XRP’s dramatic surge in spot volume following Q4 2024’s rally as a key factor. Their report highlights that the launch of the first leveraged XRP ETF in the U.S. in April, saw strong initial success, demonstrating demand for the token. Overall, the odds of a spot-based XRP ETF gaining approval in the U.S. currently stand at 73%, a significant decline from its March peak of 87%.