XRP gets ahead in US ETF launch race

The US Securities and Exchange Commission (SEC) recently approved the launching of exchange-traded funds (ETFs) for Bitcoin and Ethereum. Following this, the crypto industry's attention has shifted to determining which digital asset will be next in the process.

As revealed by Kaiko data, XRP is currently the leader among altcoins in terms of potential ETF approval, surpassing Solana, Dogecoin, and Litecoin.

According to public data, XRP currently has 10 active ETF applications pending with the SEC. Solana follows with five applications, with Litecoin and Dogecoin trailing behind with three applications each. According to ETHNews analysts, this numerical advantage reflects institutional confidence in XRP's better regulatory clarity compared to other altcoins.

Meanwhile, the market liquidity metric, which the SEC prioritizes when evaluating the feasibility of launching an ETF, further strengthens XRP's position. Kaiko estimates that XRP exhibits the most significant “market depth” value of 1%, reflecting the number of buy and sell orders near current prices on major exchanges. Such liquidity reduces the risks of price volatility.