Grayscale DOGE and XRP Spot ETFs Begins Trading Monday on NYSE

NYSE Approves Grayscale DOGE and XRP Spot ETFs as US Altcoin ETF Surge

DOGE and XRP spot ETFs by Grayscale will launch on NYSE Arca on Monday and will be the largest increase in regulated access to altcoins in the United States, beyond Bitcoin and Ethereum.

Grayscale DOGE and XRP Spot ETFs Go Live Monday on NYSE Arca.

The first-ever U.S.-listed Dogecoin (GDOG) and XRP (GXRP) spot ETFs will be launched by Grayscale on November 24, 2025, which is a significant milestone in the mainstream adoption of altcoins. NYSE Arca, the exchange’s ETF-focused division, has approved both listings, enabling the products to begin trading Monday morning.

The ETFs will offer direct spot exposure, meaning each fund will hold the actual underlying asset. Both products were previously available as private placements but have now been fully converted into publicly tradable ETFs, expanding Grayscale's regulated crypto investment suite to more than 40 products.

Source: CEO X

NYSE Approvals Confirm Full ETF Conversions

According to NYSE Arca’s filing, the exchange has certified the listing and registration of both funds under the Securities Exchange Act of 1934. This makes GXRP and GDOG two of the most anticipated exchange traded fund launches of the year, especially as institutional interest shifts toward altcoins with strong on-chain fundamentals.

XRP, the world’s fourth-largest cryptocurrency, runs on the XRP Ledger (XRPL), which is approaching its fourteenth anniversary with over 4 billion transactions processed.

Dogecoin, though born as a meme, remains the world’s largest memecoin and one of the most liquid assets in the crypto market.

Growing Competition Among ETF Issuers

The launches arrive amid a sharp increase in altcoin approvals:

• Bitwise XRP ETF already launched earlier this week

• Franklin Templeton is reportedly preparing its own Dogecoin ETF

• Bitwise Solana ETF (BSOL) crossed $400 million in inflows this year

With multiple issuers entering the space, institutional access to non-Bitcoin assets is expanding faster than ever.

Market Turbulence Continues Despite New ETF Launches

Although the new exchange-traded fund signals growth, the broader market is in a fragile state. U.S. Bitcoin spot ETFs saw nearly $1 billion in outflows on Thursday — the second-largest withdrawal on record.

BlackRock’s IBIT recorded $355 million in redemptions, while GBTC and Fidelity’s FBTC collectively lost close to $400 million. Analysts warn that if the trend continues, Bitcoin could slide to $82,000 by year-end, amid a market already shaken by heavy volatility.

The institutional desks report that caution is increasing with new drops of more than 10%, and those who have been holding long-term are reluctant to re-enter. Nevertheless, the issuers are still introducing new products and are confident in the long-term demand.

Conclusion

With the launch on Monday, investors will have easier access to large altcoins in an unstable market, and this could mark a shift in institutional demand as well as the competition among issuers.