Crypto research firm Kaiko says XRP could become the next big cryptocurrency to get a U.S. spot ETF approval, possibly even before Solana (SOL), Dogecoin (DOGE), or Litecoin (LTC).

加密研究公司Kaiko表示，XRP可能會成為獲得美國ETF批准的下一個大加密貨幣，甚至可能在Solana（Sol），Dogecoin（Doge）或Litecoin（LTC）之前。

According to Kaiko, XRP has the most ETF filings among altcoins, with 10 active applications. Solana has five, while Litecoin and Dogecoin have three each.

根據Kaiko的說法，XRP在AltCoins中具有最多的ETF歸檔，並具有10個活動應用。 Solana有五個，而Litecoin和Dogecoin分別有三個。

XRP also stands out in terms of liquidity. It has the highest “1% market depth” among altcoins on major exchanges. This means there is strong buying and selling activity close to the market price, which the SEC sees as important for ETF approval.

XRP在流動性方面也脫穎而出。在主要交易所中，它的Altcoins中的“ 1％市場深度”最高。這意味著有強大的買賣活動接近市場價格，SEC認為這對於ETF批准很重要。

After the approval of Bitcoin and Ethereum ETFs, the crypto world is now wondering which altcoin will be next.

在比特幣和以太坊ETF批准之後，加密貨幣世界現在想知道接下來是哪個山寨幣。

According to the firm’s analysis, XRP appears to be ahead in the race.

根據公司的分析，XRP似乎在比賽中處於領先地位。

Back in December, Solana was leading in terms of ETF filings, with eight applications compared to five for XRP. However, by the end of 2024, XRP’s market strength grew even more, surpassing Solana and doubling Cardano.

早在12月，Solana就在ETF備案方面領先，其中八次申請與XRP相比五次。但是，到2024年底，XRP的市場實力越來越大，超過了索拉納（Solana），並使卡爾達諾（Cardano）翻了一番。

Another key development was the launch of Teucrium’s leveraged XRP ETF (XXRP)— aiming to double XRP’s daily return. Interestingly, this product was approved before a basic spot ETF. Experts say if a risky leveraged ETF is allowed, there’s little reason to delay a simple spot version.

另一個關鍵的發展是Teucrium槓桿XRP ETF（XXRP）的推出，旨在使XRP的每日回報倍增。有趣的是，該產品在基本斑點ETF之前獲得了批准。專家說，如果允許使用危險的ETF，那麼幾乎沒有理由延遲簡單的現場版本。

New SEC Chair May Bring Faster ETF Decisions

新的SEC主席可能會帶來更快的ETF決定

This change in leadership could lead to faster and more positive ETF decisions. Several major players, including Grayscale, VanEck, and Bitwise, have already filed for spot crypto ETFs, with XRP among them.

領導力的這種變化可能會導致更快，更積極的ETF決策。包括Grayscale，Vaneck和Bitwise在內的幾個主要參與者已經為Spot Crypto ETF申請，其中包括XRP。

Further, a key date to watch is May 22, when the SEC is set to respond to Grayscale’s XRP ETF application.

此外，關鍵日期是5月22日，當SEC設置為響應Grayscale的XRP ETF應用程序時。

According to Prediction market Polymarket, there’s an 80% chance that a spot XRP ETF will be approved by the end of 2025.

根據預測市場多頭市場，在2025年底之前將獲得80％的XRP ETF批准。

Garlinghouse also confirmed that their legal battle with the SEC had ended, removing a major barrier to ETF approval.

Garlinghouse還確認，他們與SEC的法律鬥爭已經結束，消除了ETF批准的主要障礙。