XRP and Solana Lead the Crypto ETF Race
- The US SEC approved Bitcoin and Ethereum Spot ETFs in early 2024, boosting demand for altcoin-based ETFs.
- 72 crypto-related ETF applications are under review, with XRP as a leading contender due to high liquidity.
- Major firms like Grayscale, WisdomTree, and Bitwise have proposed XRP-backed ETFs.
- 11 ETF filings involve Solana, including one from Fidelity, highlighting strong institutional interest.
- Paul Atkins’ appointment as US SEC chair is expected to accelerate digital asset ETF approvals.
The approval of Bitcoin and Ethereum Spot ETFs by the US SEC has intensified interest in altcoin ETFs, with XRP and Solana emerging as front-runners due to their market presence and institutional backing.
Source (2.6)https://coingape.com/why-xrp-and-solana-are-leading-the-etf-race-right-now/?rand=24432
