Analyst: Spot XRP ETF will have priority over other applied crypto ETFs in obtaining approval from the US SEC

Mars Finance News, on April 15, analysts from Kaiko, a crypto research and data platform, believe that superior market liquidity and Teucrium's recently launched 2x leveraged product make XRP the leading asset for the next spot ETF approval by the U.S. Securities and Exchange Commission (SEC) after Bitcoin and Ethereum. As the crypto-friendly Paul S. Atkins is expected to replace the industry-unfriendly Gary Gensler as SEC Chairman (Gensler left office after Senate confirmation last week), a series of asset management companies, including Bitwise, Grayscale, and VanEck, have submitted more crypto-related ETF applications in recent months, with the decision deadline rapidly approaching. According to Kaiko's data, XRP leads with 10 active ETF applications, followed by 5 Solana ETF applications, and 3 each for Litecoin and Dogecoin. XRP has the highest average Altcoin market depth of 1% on major centralized crypto exchanges—indicating a large number of buy and sell orders near the current market price, helping to create a stable market environment, reduce slippage, and making it one of the most liquid assets. Kaiko analysts stated in Monday's report: "A highly liquid spot market is crucial for creating efficient structured products, something the previous SEC leadership was very sensitive to."