According to Jaiko Research, Ripple’s XRP leads the pack in ETF filings, with 10 active applications currently under review. This highlights growing institutional interest in XRP as a cryptocurrency. Solana (SOL) follows in second place with five live ETF applications, reflecting its increasing adoption and appeal in the blockchain space.
Litecoin (LTC) and Dogecoin (DOGE) are tied in third place, each having three ETF filings, showcasing their persistent popularity among investors. Other cryptocurrencies also have active ETF applications, but they trail behind these top contenders. This trend underscores the expanding role of cryptocurrencies in mainstream finance and the race among projects to secure ETF approvals.
Is XRP ETF Approval from the SEC Coming This Year?
Bloomberg ETF analysts James Seyffart and Eric Balchunas report that Ripple’s XRP token has a 65% chance of approval. Initially, the asset’s 19b-4 filing had not been acknowledged, but that has now changed. Grayscale’s XRP ETF filing was submitted to the Federal Reserve on February 14, giving authorities until October 18 to make their decision.
The US could see several crypto-based ETFs launched this year, thanks to a more crypto-friendly environment. President Trump has expressed support for the growth of the crypto industry in the US, and an ETF for Ripple’s XRP might be on the horizon.
Additionally, the SEC now has new leadership. Paul Atkins has been confirmed as the new chair, replacing Gary Gensler, who often faced criticism from the crypto community. Many are optimistic that Atkins will take a more favorable approach toward the crypto industry.
Ripple’s XRP could reach new heights if an ETF gets approved. Last year, Bitcoin (BTC) hit several all-time highs after the SEC approved 11 spot BTC ETFs. XRP might follow a similar trend. Earlier this year, the SEC dropped its lawsuit against Ripple, clearing a major hurdle. With its legal issues resolved, XRP could be on track to set a new all-time high.
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