Among the many crypto assets awaiting the approval of their ETFs, the XRP ETF could likely be approved by the Securities and Exchange Commission (SEC) ahead of the rest. Cryptocurrency market data and analytics provider Kaiko Research reported that a “highly liquid spot market is important for creating efficient structured products,…” and since XRP has an average market depth of 1% on Kaiko Indices vetted exchanges, the probability of approval was high.
The market depth reflects the liquidity of the token and the stability of the price, where large orders could be made without altering the market price of the asset significantly. Apart from the market depth that gave XRP the advantage, the report stated, “the launch of a 2x XRP ETF last week position XRP ahead of other assets when it comes to approval”.
Teucrium’s 2x leveraged XRP ETF, XXRP, was launched last week, and this ETF was trading on NYSE Arca. This ETF is a leveraged fund that will allow investors to earn double the price of the XRP token.
When the leverage XRP ETF was launched, Bloomberg Senior ETF Analyst Eric Balchunas stated, “$XXRP (2x XRP ETF) saw $ 5 mil in volume on Day One, very respectable, esp considering the mkt conditions. That puts it in approx top 5% of new ETF launches, and about 4x what the 2x Solana ETF $SOLT did …”
Rumor has it that the approval of the XRP ETF could trigger increased institutional demand. US BTC-spot ETF issuers recorded $35,462.8 million in net inflows from January 11, 2024 (BTC price: $46K) through April 15, 2025, and by April 2025, BTC climbed to $83K.
