XRP and other cryptocurrencies with ETF applications will be on the spotlight on June 16 as the SEC delivers an important decision on a fund submitted by Franklin Templeton.
Crypto to Buy Ahead of Franklin Templeton XRP Decision
The Securities and Exchange Commission (SEC) will be in the spotlight next week as it delivers a decision on a spot XRP decision filed by Franklin Templeton, an asset manager with over $1.6 trillion in assets under management (AUM).
Odds that the SEC will approve a spot XRP ETF have jumped to 90% on Polymarket and Kalshi. However, the most likely scenario is where the SEC will delays the application as it has done recently.
Some of the best crypto to buy in the rare event that the SEC gives the green light to a spot XRP ETF are Solana, Litecoin, and Bitcoin Pepe.
Solana (SOL)
Solana is top crypto to buy if the SEC approves XRP ETFs because of the many applications made. Companies like BitWise, VanEck, Franklin Templeton, and 21Shares have all filed for a Solana ETF.
A Solana ETF approval would be a good thing for the coin because of the fresh capital that will come from American investors. For example, Bitcoin ETFs have had over $44 billion in inflows, while Ethereum ETFs have had $3.86 billion in net inflows.
JPMorgan analysts believe that Solana ETFs would have over $6 billion in inflows in the first year because of its ongoing growth. Therefore, an XRP ETF approval would be highly bullish on the SOL token.
Litecoin (LTC)
Litecoin is another top crypto to buy if the SEC approves the XRP ETF next week. Such an approval would mean that the agency will also approve spot LTC ETFs by companies like Canary, Grayscale, and CoinShares.
Odds of a LTC ETF approval have been high because the SEC has never considered it as a security. It is also a Bitcoin fork, with its only difference being the supply limit. Bitcoin has a supply limit of 21 million, while Litecoin has a limit of 84 million.
The challenge for Litecoin is whether its approval will lead to more inflows from Wall Street investors. Chances are that it will not have substantial inflows since its popularity has waned in the past few years, which has contributed to its drop in market cap ranking.
Read more: Crypto Market Crash: Why are Bitcoin and Altcoins Falling?
Bitcoin Pepe (BPEP)
Bitcoin Pepe is another top crypto to buy for big gains. Unlike Litecoin and Solana, BPEP is still not available publicly since it is in a presale. It has already collected over $14.3 million from investors who believe that it will be the next big thing in the crypto industry.
Bitcoin Pepe is a big deal because it aims to do what layer-2 networks like Arbitrum and Base did for Ethereum. It also aims to emulate what Bitcoin layer-2 networks like Stacks and Lightning Network did.
Bitcoin Pepe will be a Bitcoin layer-2 network focusing on the meme coin industry. It will create a platform allowing developers to build and launch meme coins on its ecosystem.
Bitcoin Pepe is disrupting a meme coin industry that is a significantly big one, with those in circulation today having a valuation of over $50 billion. You can buy BPEP here.
Read more: XRP Price Prediction: Will Ripple Recover From This Crash?
