XRP ETF Approval More Likely Due to High Liquidity, Kaiko Reports

A recent report by Kaiko suggests that an XRP-focused exchange-traded fund (ETF) has a higher probability of approval compared to other spot funds tracking major altcoins. This is largely attributed to XRP's high liquidity and the SEC's previous approval of a leveraged XRP ETF.

Kaiko's report highlights a surge in spot volume for XRP on American exchanges, reaching levels not seen since before the 2020 lawsuit. This increased activity further strengthens the case for an XRP ETF.

Several companies, including Bitwise and Grayscale, have already submitted applications to list spot XRP funds. While XRP's price is currently around $0.50, it remains below its all-time high. Solana-based funds are considered the next most likely to receive approval after XRP ETFs.