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Title: XRP Poised to Be Next Token With US ETF: Kaiko
The recent surge in the cryptocurrency market has led to a significant increase in interest for various digital assets, including Ripple’s native token, XRP. According to reports, the mutual fund behemoth Fidelity officially joined the Solana ETF race last year. This move was considered a major milestone for the altcoin.
In related news, CME recently rolled out regulated SOL futures, which further solidified its position in the market.
However, according to recent data from Kaiko, XRP might have gained an upper hand due to its soaring market depth, surpassing that of SOL. This information comes as a result of massive rallies seen in the fourth quarter of 2024 and subsequent growth.
Additionally, the first-ever leveraged XRP ETF has successfully launched in the US, marking yet another significant milestone for Ripple’s asset. The product had an unexpectedly strong start, demonstrating there is growing demand for the token.
As per Polymarket bettors, the odds of approving a spot-based XRP ETF in the United States now stand at 73%. This marks a substantial decline from its peak on March 27th, reaching 87%.
It is clear that there has been significant growth and interest in Ripple’s native asset.
Source: https://u.today/xrp-poised-to-be-next-token-with-us-etf-kaiko
