XRP可能是在美國獲得ETF批准的下一個加密貨幣

XRP由於其卓越的市場流動性和最近的槓桿ETF發布，XRP可能成為獲得美國ETF批准的下一個主要加密貨幣

XRP could be the next major cryptocurrency to receive a spot ETF approval in the U.S., thanks to its superior market liquidity and recent leveraged ETF launch, according to analysts at Kaiko, a crypto research and data platform.

Crypto Research and Data Platform Kaiko的分析師表示，XRP可能是下一個在美國獲得現貨ETF批准的主要加密貨幣。

Among altcoins, XRP currently boasts the highest 1% market depth on major centralized exchanges — meaning there are significant buy and sell orders near the current price, which minimizes slippage and supports smoother, more efficient trading.

在AltCoins中，XRP目前擁有主要的主要集中交易所的最高1％的市場深度 - 這意味著在當前價格附近有大量的買賣訂單，這可以最大程度地減少滑倒，並支持更平穩，更有效的交易。

“A highly liquid spot market is important for creating efficient structured products, and the former SEC leadership was highly sensitive to this,” Kaiko’s analysts noted in their Monday report.

凱科（Kaiko）的分析師在周一的報告中指出：“高度流動的現貨市場對於創造有效的結構化產品很重要，而前SEC的領導力對此非常敏感。”

“This lack of market depth was often cited by the SEC in rejecting applications for U.S. cryptocurrency ETFs, as they argued that the small trading volumes and large price dislocations at the 1% depth made for an insufficiently liquid market.”

“ SEC經常在拒絕美國加密貨幣ETF的申請時引用這種缺乏市場深度，因為他們認為，在1％深度的較小的交易量和較大的價格脫位造成了液體市場不足。”

XRP’s liquidity surged notably toward the end of 2024, surpassing that of Solana (SOL) and doubling that of Cardano (ADA). The momentum was fueled by growing speculation that Donald Trump’s return to the presidency — coupled with pro-crypto sentiment — could fast-track the end of the SEC’s legal dispute with Ripple, which had long hindered the approval of an XRP spot ETF.

XRP的流動性急劇飆升至2024年底，超過了Solana（Sol），並使Cardano（ADA）的流動性增加了一倍。越來越多的猜測是，唐納德·特朗普（Donald Trump）返回總統職位（再加上親克賴特託的情緒）可能會加快SEC與Ripple的法律糾紛的結束，這一直阻礙了XRP Spot ETF的批准。

(Chart: Kaiko)

（圖表：kaiko）

The altcoin is also leading the charge in active ETF filings. According to Kaiko data, the altcoin has 10 spot ETF applications pending, more than any other altcoin. Solana follows with five filings, while Litecoin (LTC) and Dogecoin (DOGE) each have three.

AltCoin也在主動ETF申請中領導電荷。根據Kaiko Data，AltCoin比任何其他Altcoin都有10個斑點ETF應用程序。索拉納（Solana）隨後提交了五份文件，而萊特幣（LTC）和狗狗（Dogecoin）（門多格（Doge））每個都有三個。

The wave of applications comes amid a shakeup in the SEC’s leadership. Industry-friendly Paul Atkins is expected to take over from Gary Gensler as SEC Chair after being confirmed by the Senate last week. His appointment is widely expected to usher in a more crypto-positive regulatory approach.

在SEC的領導層進行了重組，申請浪潮是出現的。上週參議院確認後，對行業友好的保羅·阿特金斯（Paul Atkins）預計將接管加里·加斯勒（Gary Gensler）擔任SEC主席。他的任命被普遍期望引入更加加密陽性的監管方法。

After months of anticipation, the U.S. Congress approved a measure to extend the government funding deadline until Nov. 17, averting a shutdown that had threatened to stall the confirmation of several key administration officials, including Atkins.

經過幾個月的期待，美國國會批准了一項將政府資助截止日期延長到11月17日的措施，避免了停工，該關閉迫使他們停滯不前確認包括阿特金斯在內的幾位主要政府官員。

The move paves the way for a swifter approval of President Trump’s nominees, such as Paul Atkins, to take over as SEC Chair from Gary Gensler.

此舉為特朗普總統的提名人（例如保羅·阿特金斯）的批准鋪平了道路，以接任加里·根斯勒（Gary Gensler）的SEC主席。

Atkins, a former commissioner at the Commodity Futures Trading Commission (CFTC), is known for his favorable stance on cryptocurrencies and decentralized finance (DeFi). During his time at the CFTC, Atkins was a vocal advocate for adapting U.S. futures regulations to accommodate the unique characteristics of crypto assets.

商品期貨貿易委員會（CFTC）的前專員阿特金斯（Atkins）以其對加密貨幣和分散財務的有利立場而聞名。在CFTC期間，阿特金斯（Atkins）是調整美國期貨法規以適應加密資產獨特特徵的聲音倡導者。

Atkins’s appointment to the SEC is expected to bring a more balanced and nuanced perspective to the commission’s approach toward crypto regulation. Unlike Gensler, who has been accused of harboring anti-crypto biases, Atkins is recognized for his understanding of blockchain technology and its potential to revolutionize financial services.

預計阿特金斯對SEC的任命有望為委員會的加密法規帶來更加平衡和細微的觀點。與被指控具有反列克斯托偏見的Gensler不同，Atkins因理解區塊鏈技術及其對革新金融服務的潛力而受到認可。

Moreover, the Trump administration has shown increasing support for cryptocurrencies. In July, Trump himself expressed hope that the SEC would quickly approve bitcoin (BTC) ETFs.

此外，特朗普政府對加密貨幣的支持越來越多。 7月，特朗普本人表示希望SEC迅速批准比特幣（BTC）ETF。

“I hope they approve it. I think it’s something that a lot of people want to see happen, and I think it would be a positive development for the cryptocurrency industry,” Trump said in an interview with FOX Business.

特朗普在接受Fox Business的採訪時說：“我希望他們批准。我認為這是很多人希望看到的事情，我認為這對加密貨幣行業來說將是一個積極的發展。”

The former president’s remarks came shortly after the SEC announced a delay in its decision on applying for bitcoin ETFs, which were initially expected to be approved by July 11.

前總統的言論發表在SEC宣布申請申請比特幣ETF的決定延遲之後不久，最初預計將在7月11日批准。

Trump’s administration has also taken steps to promote financial innovation and reduce regulatory burdens on U.S. businesses. In 2020, the administration issued an executive order on federal cryptocurrency regulation, directing agencies to coordinate their efforts and prioritize consumer protection and financial stability.

特朗普的政府還採取了措施來促進金融創新並減輕美國企業的監管負擔。 2020年，政府發布了有關聯邦加密貨幣法規的行政命令，指示機構協調其努力並優先考慮消費者保護和財務穩定。

Levaraged XRP ETF Launches

Levared XRP ETF啟動

Meanwhile, Teucrium launched its leveraged XRP ETF — XXRP — on Friday, marking another milestone for the altcoin. The ETF, which will use futures and swap contracts to aim for 2x the daily return of XRP, is the first XRP ETF to launch in the U.S.

同時，週五，Teucrium在周五推出了其槓桿XRP ETF -XXRP，標誌著Altcoin的另一個里程碑。 ETF將使用期貨和掉期合同將XRP的每日回歸目標2倍，是美國第一個在美國推出的XRP ETF

However, the SEC has yet to greenlight a spot version.

但是，SEC尚未綠燈版本。

“Despite the lack of a spot XRP ETF, the approval of Teucrium’s leveraged product is noteworthy as it showcases the SEC’s increasing openness toward new types of crypto ETFs,” Kaiko analysts said.

Kaiko分析師說：“儘管缺乏XRP ETF，但Teucrium槓桿產品的批准值得注意，因為它展示了SEC對新型加密ETF的開放性的日益開放。”

The approval of XXRP also comes amid a broader shift in regulatory sentiment toward cryptocurrencies, driven in part by the Trump administration’s focus on promoting economic growth and technological innovation.

XXRP的批准也出現在監管情緒向加密貨幣的更大轉變中，部分原因是特朗普政府專注於促進經濟增長和技術創新。

“This changing tide could be crucial for the finalization of a spot XRP ETF application, setting the stage for the next chapter in the U.S. crypto derivatives market.”

“這種變化的潮流對於最終確定XRP ETF應用程序至關重要，這為美國加密衍生品市場的下一章設定了階段。”