KuCoin Hints at Possible XRP ETF: Big Year Ahead for XRP?

KuCoin, one of the world’s leading cryptocurrency exchanges, has sparked speculations by hinting at a potential XRP Exchange-Traded Fund (ETF). The comment, shared across social media comes as the token gains momentum amid critical developments in the crypto space.

KuCoin hints at a potential launch of XRP ETF — KuCoin hints at a potential XRP ETF (Source: X Post)

Key factors Driving XRP ETF Speculation

RLUSD Stablecoin Launch: Ripple is set to release its USD-pegged stabelcoin, RLUSD today. This launch is expected to enhance liquidity and provide a stable trading pair for XRP, making the ecosystem more attractive to the institutional investors.

SEC Leadership Change: The anticipated departure of SEC Chair Gary Gensler on January 20, 2025, has also fueled optimism for a more pro-crypto regulatory environment. Under Gensler’s leadership, the SEC maintained a strict stance on digital assets, including its ongoing lawsuit against Ripple. A change in leadership could create favorable conditions for ETF approvals, including XRP.

Trump’s Pro-Crypto Stance: The return of Donald Trump as the President of the U.S. and his pro-crypto stance is being seen as a “game-changer” for the industry. If Trump’s administration adopts a supportive approach to cryptocurrencies, ETF approvals could accelerate significantly.

KuCoin’s Role

While KuCoin has not officially announced plans for an XRP ETF, its subtle hints have fueled speculation. As a prominent player in the crypto market, KuCoin’s involvement could help drive global interest in Ripple’s native token, particularly if ETFs gain regulatory approval.

Market Performance

Currently, the Ripple’s native token is trading at $2.69 with a surge of 12.9% in the last 24 hours. The price action indicates the growing anticipation surrounding the token’s future, with the possibility of an ETF acting as a major catalyst. If approved, the ETF could attract institutional investment, driving liquidity and market confidence.