Grayscale to Launch DOGE and XRP ETFs on NYSE Arca Monday
Grayscale is set to list 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 through public markets.
The Grayscale Dogecoin Trust ETF (GDOG) and Grayscale XRP Trust ETF (GXRP) are structured as spot ETPs, holding their respective cryptocurrencies directly. Dogecoin, originally seen as a novelty coin, has become one of the most actively traded digital assets.
The launch of GXRP coincides with the XRP Ledger (XRPL) approaching its 14th year. Designed for cross-border payments, the XRPL has processed more than four billion transactions since its inception.
Before going public, both GDOG and GXRP were available as private placements. Their debut adds to Grayscale’s expanding portfolio, which now includes over 40 crypto-focused investment products.
The new ETFs come amid rising interest in altcoin-focused products. Franklin Templeton is expected to roll out its own Dogecoin ETF next week, while Bitwise’s XRP ETF launched earlier this week. Bitwise’s Solana ETF (BSOL), which debuted earlier this year, has already attracted over $400 million in inflows, reflecting growing institutional appetite for non-Bitcoin cryptocurrencies.
