Dogecoin and XRP Grayscale ETFs Ready to Rock the NYSE Today, What’s Up?

Jakarta, Pintu News – Grayscale has secured approval to launch two new ETF products focused on Dogecoin (DOGE) and Ripple (XRP) on the New York Stock Exchange (NYSE) today. These two ETFs, known as Grayscale Dogecoin Trust ETF Shares (GDOG) and Grayscale XRP Trust ETF Shares (GXRP), offer investors regulated access to the spot prices of the two cryptocurrencies without the need to own the crypto assets directly.

Grayscale Launches Spot ETFs for Dogecoin and XRP

Grayscale, known as a leader in crypto investment products, has expanded its portfolio by adding Dogecoin and XRP ETFs. The GXRP ETF will give investors direct exposure to the price of Ripple (XRP), while GDOG will track the spot price of Dogecoin (DOGE). Both of these products operate as spot products, which means they hold XRP and DOGE physically in storage.

These two ETFs are expected to attract not only investors who are already familiar with the crypto market, but also those who are looking for a more organized and secure way to get into crypto investments. With this regulated structure, investors can avoid some of the risks associated with direct ownership of crypto assets, such as security and storage.

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Dogecoin and XRP ETFs Officially Present in Grayscale Portfolio

According to Bloomberg’s ETF analyst Eric Balchunas, the launch of this ETF may just be the beginning of a series of similar products to come. Balchunas mentions that Grayscale’s Chainlink (LINK)-based ETF, named GLNK, will also be launched soon. This shows a growing trend where more and more alternative cryptocurrencies are getting their own ETF products.

The launch of this ETF comes at a good time, given the recent legislature from the SEC that expedited approvals for crypto ETFs. The past few weeks have seen the launch of ETFs focused on Solana (SOL), Litecoin (LTC), and HBAR, with impressive numbers on the first day of trading.

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GDOG and GXRP Outlook Amid Crypto Market Pressure

Despite the overall downturn in the crypto market, with Bitcoin (BTC) continuing to decline to the lowest levels of recent months, the launch of this ETF may provide some stability through diversification. Market analysts estimate that the first day trading volume for GDOG could reach around $11 million. This suggests there is significant interest despite the unfavorable market conditions.

However, investors should still be wary given the high volatility in the crypto market. These ETFs, while offering easier and regulated access, still carry the same risks as direct investment in crypto. Therefore, it is important for investors to do their research and consider their investment strategy carefully.

Conclusion

With the launch of the Dogecoin and XRP ETFs by Grayscale, investors now have more options to engage in the crypto market in a more organized and secure way. Despite the challenges caused by the current market conditions, this innovation may pave the way for more similar products to come, giving investors more tools to manage their portfolios in the crypto space.

FAQ

What is Grayscale’s Dogecoin and XRP ETF?

Grayscale’s Dogecoin (GDOG) and XRP (GXRP) ETFs are products that offer direct exposure to the spot prices of Dogecoin (DOGE) and Ripple (XRP). These ETFs hold physical cryptocurrencies and allow investors to invest in cryptocurrencies through a regulated mechanism without the need to own the assets directly.

When will Grayscale’s Dogecoin and XRP ETF launch?

Grayscale’s Dogecoin (GDOG) and XRP (GXRP) ETFs are scheduled to launch on the New York Stock Exchange (NYSE) today, with no specific date mentioned in the article.

How have other recently launched crypto ETFs performed?

Bitwise’s Solana-focused ETF (SOL) recorded a net inflow of nearly $70 million on launch day, while Canary’s XRP ETF recorded over $250 million by the end of the first trading day. This shows strong acceptance for crypto-based ETF products.

What to expect from the first day trading volume for the Dogecoin ETF (GDOG)?

The first day’s trading volume for the Dogecoin ETF (GDOG) is expected to reach around $11 million, according to ETF analyst Eric Balchunas.

What are the risks associated with investing in crypto ETFs like GDOG and GXRP?

Investments in crypto ETFs such as GDOG and GXRP carry the same risks as direct investments in cryptocurrencies, including high price volatility and security risks. It is important for investors to do their research and consider carefully before investing.

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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

• Crypto News. Grayscale’s Dogecoin and XRP ETFs Approved for NYSE Listing Later Today. Accessed on November 25, 2025
• Featured Image: The Block