NYSE Approves Launch of Grayscale’s Dogecoin and XRP ETFs on November 24th

Jakarta, Pintu News – Grayscale has received approval from the New York Stock Exchange to launch new Dogecoin and XRP ETFs. Both ETFs will begin trading on November 24.

This approval was confirmed through an official letter provided to the Securities and Exchange Commission (SEC).

Balchunas confirms launch dates for DOGE and XRP Grayscale ETFs

The approval letter was announced via an update on the X platform by Bloomberg ETF analyst Eric Balchunas. This is the first time that spot Dogecoin and XRP ETFs will be listed on a major exchange in the United States.

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This approval allows Grayscale to offer Dogecoin ETF shares to investors through its regulated trust platform. As such, traditional investors can benefit from the token’s price performance without having to own it directly.

According to Balchunas, Grayscale’s spot XRP ETF will also be launched on the same day. The launch of the XRP ETF is a historic moment for Bitwise and reflects the increasing popularity of funds tied to XRP.

Balchunas’ announcement also indicates that both products have gotten the green light to begin trading in the first trading session on the NYSE on Monday. He also mentioned that Grayscale’s LINK ETF is likely to launch one week later.

Derivatives Activity Increases Rapidly

This upcoming ETF launch follows the momentum of other issuers. For example, Canary has removed the delay clause from the SEC before listing its XRP ETF.

The close timing of the launch makes the November 24 trading session a crucial moment for the crypto ETF market. For the first time, two major altcoin ETFs will be available simultaneously on the United States market.

Read also: XRP Price Prediction: How much is 1,000 XRP worth in 2030?

The listing is expected to attract huge interest as both Dogecoin and XRP have large user communities and high trading activity. Ahead of the launch, the derivatives market of both altcoins showed healthy activity.

These steps are part of the company’s long-term growth strategy. Recently, Grayscale also filed for an initial public offering (IPO) in the US, reflecting its long-term expansion direction.

According to data from CoinGlass, Dogecoin derivatives volume increased by more than 30% to reach $7.22 billion. A chart from TradingView shows that the Dogecoin price briefly declined early in the trading session, approaching $0.134, before recovering to the $0.14 range.

Something similar happened with XRP. Data from CoinGlass shows a 51% jump in derivatives volume, reaching $12.74 billion. Meanwhile, the TradingView chart shows that the price of XRP fell sharply in early trading, then bounced around $1.85 and rose again near $1.96.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. NYSE Approves Grayscale DOGE, XRP ETFs for Nov 24 Launch. Accessed on November 24, 2025
• Coinpedia. Grayscale’s Dogecoin and XRP ETFs Set to Launch on November 24. Accessed on November 24, 2025