NYSE Approves Grayscale’s Dogecoin and XRP ETFs With Trading Beginning Today
Grayscale has received the final regulatory clearance needed to launch two new crypto ETFs: the Grayscale Dogecoin Trust (GDOG) and the Grayscale XRP Trust (GXRP). NYSE Arca, the exchange responsible for listing the products, confirmed that the funds have been approved for registration and are ready to begin trading immediately.The confirmation came through documents filed with the U.S. Securities and Exchange Commission, marking the last procedural step before the ETFs could officially go live. The approval places Dogecoin and XRP alongside the growing lineup of regulated cryptocurrency investment products now available to U.S. market participants.
A milestone moment for DOGE and XRP investors
Both DOGE and XRP have long had active retail communities, but institutional access has lagged behind more established assets like bitcoin and ether. The launch of spot ETFs dedicated to these two cryptocurrencies opens the door for a broader range of investors, including financial advisors, hedge funds and retirement accounts seeking regulated exposure.The move represents a significant expansion in Grayscale’s product suite. Until recently, most institutional activity focused on BTC and ETH. The addition of DOGE and XRP marks a shift toward diversifying the market beyond the dominant layer-1 assets.
Bloomberg analyst confirms approval and upcoming Chainlink ETF
Bloomberg senior ETF analyst Eric Balchunas shared the news shortly after the filings were published, noting that the approval means trading can begin without delay. According to Balchunas, investors should also expect a Chainlink ETF from Grayscale to launch next week, potentially accelerating the trend of bringing more altcoins into the regulated ETF market.The rapid rollout underscores the momentum behind crypto ETFs in the United States. What once took years of regulatory battles is now happening at a pace that mirrors expanding demand from institutional allocators and retail investors alike.
XRP ETF momentum grows after Canary Capital’s early success
The debut of Grayscale’s GXRP ETF comes shortly after a major milestone for the XRP ecosystem. On November 13, Canary Capital launched the first U.S. spot XRP ETF under the ticker XRPC. The product drew more than $250 million in inflows on its opening day — a remarkable figure even by broader ETF market standards.Strong inflows into XRPC may signal a growing appetite for XRP-backed instruments and likely contributed to investor enthusiasm surrounding Grayscale’s entry into the space. With multiple issuers now competing for market share, XRP appears to be entering a new phase of institutional acceptance.
What this means for the broader crypto ETF landscape
The approval of Dogecoin and XRP ETFs marks another step in the mainstreaming of digital assets. For years, bitcoin and ether dominated institutional attention, but the ETF market is beginning to reflect the diversity of the broader crypto ecosystem. DOGE, originally created as a meme asset, now has a formal spot ETF — something unimaginable only a few years ago.The shift suggests that investor demand is expanding to include coins with strong community backing, unique use cases or long-standing market relevance. If the DOGE and XRP ETFs attract significant inflows, they may pave the way for additional altcoin ETFs in the near future.
Institutional access continues to widen
With NYSE Arca giving the green light, investors now have immediate access to regulated exposure for two of the most recognizable cryptocurrencies outside bitcoin and ethereum. The launches may also increase liquidity, reduce barriers to entry and create more structured avenues for capital to flow into the altcoin segment of the market.Combined with the upcoming Chainlink ETF, the momentum behind these approvals indicates that the U.S. crypto ETF landscape is rapidly broadening — with Grayscale positioned at the center of its expansion.
Editorial Team — CoinBotLab