The New York Stock Exchange has officially approved the listing of Grayscale’s new Doge (GDOG) and XRP (GXRP) exchange-traded funds, clearing both products to begin trading on 24 November on NYSE Arca.
The approval was confirmed through a filing with the U.S. Securities and Exchange Commission (SEC) that certified the exchange’s authorization for both ETFs to go live. Bloomberg ETF analyst Eric Balchunas shared updates on X, adding that Grayscale’s Chainlink ETF (GLNK) is next in line, with an expected launch the following week.
Grayscale’s $XRP and $DOGE ETFs to start trading today. pic.twitter.com/B7d7zDI4Lu
— Lark Davis (@TheCryptoLark) November 24, 2025
Grayscale’s DOGE ETF is a conversion of its existing Dogecoin Trust into a fully tradable spot ETF that tracks real-time DOGE prices. Balchunas estimates the fund could see around $11 million in first-day trading volume, reflecting the strong demand seen across speculative altcoin ETFs in recent weeks.
XRP ETF Market Becomes Crowded
Alongside Grayscale’s GXRP ETF, Franklin Templeton is also rolling out its competing fund on Monday, while WisdomTree’s XRP ETF remains queued for launch.
The XRP ETF race has accelerated rapidly since Canary Capital introduced the first U.S. spot XRP ETF (XRPC) on Nov. 13, which recorded more than $250 million in inflows on day one. Since then, Bitwise, 21Shares, and CoinShares have launched their own XRP-backed products, flooding the market with new, regulated investment options.
Also read: Solana ETF Launch: Fidelity’s FSOL Goes Live
Despite the ETF momentum, XRP’s price has slipped roughly 18% in November, suggesting that competitive supply and broader market volatility may be offsetting the typically bullish ETF effect.
Conclusion
The approval of Grayscale’s DOGE and XRP ETFs marks another step in the rapid expansion of regulated altcoin investment products in the U.S. With multiple issuers entering the race at once, competition is heating up, especially in the XRP segment. While price action hasn’t reacted strongly yet, the growing availability of spot ETFs signals deeper institutional participation ahead. As more products hit the market in the coming weeks, both DOGE and XRP could see renewed momentum as investor appetite shifts toward diversified, regulated exposure.
