根据新报告

启动Altcoin ETF的竞赛正在加热，XRP ETF可能会在被批准的情况下领导。

The race to launch altcoin ETFs is heating up, and XRP ETFs might be leading the pack in terms of being the first approved, according to a new Kaiko Research report.

根据新的Kaiko研究报告，XRP ETF的竞赛正在加热，XRP ETF可能会在首次获得批准方面引起这项工作。

XRP, Ripple’s native token, is the fourth-largest crypto by market cap, at $123.5 billion. The token’s price is up over 300% in the past year, but is still a far cry from the all-time high of $3.84 it hit in January 2018.

XRP是Ripple的原住民代币，是市值的第四大加密货币，为1.235亿美元。在过去的一年中，代币的价格上涨了300％以上，但与2018年1月达到的3.84美元的历史高处相去甚远。

Analysts at Kaiko Research argue that among all altcoin ETFs, XRP ETFs have the best chance of being approved before solana ETFs due to two drivers.

Kaiko Research的分析师认为，在所有Altcoin ETF中，XRP ETF有最大的机会在由于两个驱动因素引起的Solana ETF之前获得批准。

First: liquidity. The share of spot volume on US exchanges has “recently climbed to its highest level since before the SEC’s 2021 lawsuit prompted widespread delistings.”

第一：流动性。美国交易所的现货量份额“最近在SEC 2021年诉讼促使人们广泛推广以来，它最近升至其最高水平。”

Second, “the launch of a 2x XRP ETF last week positions XRP ahead of other assets when it comes to approval,” the analysts wrote.

其次，“在批准方面，上周的2x XRP ETF上周推出XRP领先于其他资产，”分析师写道。

Teucrium Investment Advisors launched that leveraged ETF mentioned in the report on April 8. Jake Hanley, Teucrium managing director, told Sherwood News that some questioned the timing of the launch, given current tariff-related volatility.

Teucrium Investment Advisors启动了杠杆ETF在4月8日的报告中提到的。Teucrium董事总经理Jake Hanley告诉Sherwood News，鉴于当前与关税相关的波动率，有些人质疑发布的时间。

“Our instinct told us that there was demand for a 2x leveraged ETF, and we were right.”

“我们的本能告诉我们，有2倍杠杆的ETF需求，我们是对的。”

XRP ETFs entered the race early, with filings from Grayscale, Bitwise, Canary, 21Shares, and WisdomTree. The SEC acknowledged a slew of them in February, meaning they’re a step ahead in the regulatory process. The deadline for approvals for most of these is in October.

XRP ETF提早参加了比赛，并提交了Grayscale，Bitwise，Canary，21shares和Wisdomtree的文件。 SEC在2月份承认其中一员，这意味着他们在监管过程中迈出了一步。大多数批准的截止日期是十月。

“May 22 is an important date to watch in light of the recent ETF approval of a 2x XRP ETF from Teucrium, as the SEC must respond to Grayscale’s XRP spot filing by then.”

“鉴于Teucrium的2倍XRP ETF的近期ETF批准，5月22日是一个重要的日期，因为SEC必须在当时对Grayscale的XRP Spot提交。”

XRP also holds the lion’s share of ETF filings, followed by solana, litecoin, dogecoin, and avalanche, the report found.

报告发现，XRP还持有ETF文件的狮子份额，其次是Solana，Litecoin，Dogecoin和Avalanche。

Proshares, which just launched the first solana ETF in Canada, is taking advantage of the momentum around XRP, amending its January filing for three futures-based XRP ETFs on April 15 for a proposed April 30 launch, regulatory filings show.

监管文件显示，Proshares刚刚在加拿大推出了第一个Solana ETF，它正在利用XRP周围的势头，修改了其1月份的3月15日提议的三个基于期货的XRP ETF提交的申请。

Nic Puckrin, founder of Coin Bureau, told Sherwood that while many had been expecting solana ETFs to come first, it makes sense that XRP will be the first altcoin ETF approval, especially with Coinbase about to list XRP futures.

Coin Bureau的创始人Nic Puckrin告诉Sherwood，尽管许多人一直期望Solana ETF首先出现，但XRP将成为第一个Altcoin ETF批准，尤其是在Coinbase列出XRP Futures的情况下。

“Momentum is on Ripple’s side, with the SEC lawsuit now dropped and the recent acquisition of Hidden Road. Plus, XRP has more interest in the US from retail investors than solana, and it’s in a strong position from the point of view of liquidity.”

“动力正处于波纹状态，SEC诉讼现在已经下降，并且最近收购了隐藏的道路。此外，XRP比Solana对美国对美国的兴趣更大，而且从流动性的角度来看，它处于强大的位置。”

Additionally, On April 16, Ripple and the SEC were officially granted a pause on appeals after a years-long legal battle, according to the filing posted by defense lawyer James K. Filan as the parties have “reached an agreement-in-principle” which signals this battle is ending.

此外，根据辩方律师詹姆斯·K·菲兰（James K. Filan）发布的申请，在4月16日，Ripple和SEC在长达一年的法律斗争之后被正式暂停上诉，因为当事各方“达成了一项基本协议”，这表明这场战斗即将结束。