Grayscale’s DOGE and XRP ETFs Launch on NYSE Arca Monday
Grayscale is set to debut two new crypto exchange-traded funds (ETFs) on NYSE Arca this Monday, offering U.S. investors regulated access to Dogecoin (DOGE) and XRP for the first time in public markets.
The Grayscale Dogecoin Trust ETF (GDOG) and Grayscale XRP Trust ETF (GXRP) are spot ETPs that hold the underlying cryptocurrencies directly. Dogecoin, once considered a novelty coin, has become one of the most actively traded digital assets.
GXRP’s launch coincides with the XRP Ledger (XRPL) approaching its 14th anniversary. The blockchain, built for cross-border payments, has processed over four billion transactions since inception.
Previously available as private placements, GDOG and GXRP now expand Grayscale’s portfolio to more than 40 crypto investment products.
The launches come amid rising interest in altcoin ETFs. Franklin Templeton plans to roll out its Dogecoin ETF next week, while Bitwise’s XRP ETF went live earlier this week. Bitwise’s Solana ETF (BSOL), launched earlier this year, has already drawn over $400 million in inflows, highlighting growing institutional demand for non-Bitcoin cryptocurrencies
