- XRP is leading the altcoin ETF race with the most filings, strong U.S. exchange volume, and top-tier liquidity, outpacing Solana and Dogecoin.
- With legal clarity and rising institutional interest, XRP is positioning itself as the next likely candidate for ETF approval.
XRP is emerging as the frontrunner in the race to become the next U.S.-approved altcoin ETF, outpacing rivals Solana (SOL) and Dogecoin (DOGE), according to fresh insights from leading crypto analytics firm Kaiko.
After the landmark approval of spot Bitcoin and Ethereum ETFs, investors are watching closely for the next big move in the ETF space. XRP, it seems, is making a strong case for itself.
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Kaiko’s latest report highlights that XRP currently boasts ten active ETF filings, dwarfing Solana’s five and Dogecoin’s three. This wave of institutional interest suggests growing confidence in XRP’s long-term potential and regulatory viability.
While XRP doesn’t yet have an active futures market and previously faced headwinds due to SEC litigation, the tide appears to be turning. Kaiko notes that XRP’s share of U.S. exchange volume recently reached its highest level since before its 2021 delistings, signaling a rebound in domestic market traction.
A crucial factor giving XRP a competitive edge is its superior market liquidity, particularly its leading “1% market depth” on centralized exchanges. This metric, which gauges the liquidity within 1% of the asset’s price, is a key benchmark for ETF suitability—reducing volatility and increasing appeal to institutional players.
Moreover, XRP’s overall market performance has outpaced Solana and even doubled that of Cardano by the end of 2024, according to Kaiko, underscoring its accelerating momentum and maturity in the eyes of investors.
REX Shares’ recent ETF filings for XRP, Solana, and Dogecoin show that competition is heating up—but XRP is clearly pulling ahead.
As of now, XRP is trading at $2.07, reflecting a modest 3.70% daily dip, yet still riding a 15.16% weekly surge. With legal clarity, robust liquidity, and deepening institutional interest, XRP may be next in line to join Bitcoin and Ethereum in the ETF spotlight.
