Grayscale’s XRP and DOGE ETFs Set To Begin Trading On The NYSE Next Week

The New York Stock Exchange (NYSE) has approved the listing of the Grayscale XRP Trust ETF, represented by the ticker symbol GXRP, and the Grayscale Dogecoin Trust ETF (GDOG). 

While Dogecoin (DOGE) is the largest memecoin by market capitalization, XRP is the fourth-largest crypto by market cap, and both have been gaining significant traction among traditional investors focused on non-Bitcoin crypto exposure.

Grayscale Dogecoin and XRP Trust ETFs Set To Debut on the NYSE on Monday

The funds that offer U.S. investors simplified access to the crypto assets for the first time through regulated stock markets are expected to begin trading on Monday, November 24. Bloomberg’s senior ETF analyst Eric Balchunas shared the NYSE’s letter addressed to the U.S. Securities and Exchange Commission (SEC), confirming the report.

The NYSE Arca, a subsidiary of the NYSE Group, certified the listing and registration for the GDOG and GXRP ETF shares under the Exchange Act of 1934 on Friday. Both products are structured as spot exchange-traded products (ETPs) that hold their respective underlying assets.

Grayscale, which oversees more than $35 billion in client assets, first launched its closed-end XRP trust fund in the U.S. last September, with the Dogecoin trust debuting in January 2025.

GXRP and GDOG were previously available as private placements before they transitioned to initial public offerings on the NYSE, and will carry a 0.35% management fee. The products now add to Grayscale’s growing list of crypto-backed funds, which spans over 40 offerings. The digital asset manager already has ETFs providing exposure to Bitcoin (GBTC), Ethereum (ETHE), and Solana (GSOL).

DOGE, which was once viewed mainly as a memecoin, has become one of the most actively traded and mined digital assets by volume, and GDOG is perfectly positioned to capitalize on that demand. Meanwhile, the launch of GXRP is a testament to the XRPL blockchain’s credibility, as the cross-border payments protocol enters its fourteenth year. Since its inception in 2013, the XRP Ledger has processed over 4 billion transactions across borders.

Demand for Altcoin-Backed Investment Products on the Rise, as Issuers Release SOL, LTC, XRP, HBAR, and DOGE ETFs

Grayscale’s latest trust conversions come amid a wave of new altcoin ETF launches over the past year.

In October, funds tracking Litecoin (LTC), HBAR, XRP, and SOL were approved by the SEC under its new listing guidance, which allows firms to go public with their funds without requiring the regulator’s explicit permission. The funds were launched shortly after the federal government shutdown was resolved, with their specific listing standards already approved by the financial watchdog back in September.

Grayscale’s Dogecoin ETF would be the second fund tracking DOGE to launch in the U.S., following the release of REX Shares and Osprey Funds’ own version – the REX-Osprey DOGE ETF (DOJE) – in September. DOJE took a different listing route to crypto and traditional ETFs by registering under the Investment Company Act of 1940, which is a federal law that regulates actively managed investment funds that source capital from investors to pursue a common investment strategy.

Franklin Templeton is expected to launch its own DOGE and XRP ETFs next week. Meanwhile, the Grayscale XRP ETF follows last week’s debut of Bitwise’s XRP ETF, which has attracted over $25 million in inflows.

Earlier this year, Bitwise also launched its Solana ETF (BSOL), which has already recorded over $400 million in net inflows, reflecting growing institutional and retail interest in digital assets other than legacy coins like BTC and ETH.

In addition to developments surrounding the XRP and DOGE ETFs, Grayscale is also preparing to go public in the U.S., with the company filing for an IPO to list its Class A common stock on the NYSE.

At the time of writing, XRP is trading at $1.91 – down 3.17% in 24 hours, while Dogecoin (DOGE) is changing hands at $0.1365 – down 7% in 24 hours.