NYSE Approval Confirms Grayscale’s Dogecoin And XRP ETFs Will Begin Trading Monday

Grayscale is preparing to debut two of its most anticipated crypto funds on the New York Stock Exchange, opening a fresh chapter in the rush to list altcoin-focused exchange-traded products in the United States.

The listings will introduce mainstream investors to Dogecoin and XRP through regulated ETFs at a time when trading volumes around both tokens have begun to climb again.

NYSE Approval Clears The Way For Dogecoin And XRP ETFs

The NYSE Arca has certified the listing of the Grayscale XRP Trust ETF and the Grayscale Dogecoin Trust ETF, giving both products the final clearance needed to begin trading on 24 November.

The exchange filed its approval letters with the US Securities and Exchange Commission on 21 November, confirming that both funds had met the requirements for registration and listing.

Bloomberg senior ETF analyst Eric Balchunas shared the approvals on X, adding that Grayscale’s Chainlink fund is close behind.

“Grayscale Dogecoin ETF GDOG approved for listing on NYSE, scheduled to begin trading Monday. Their XRP spot is also launching on Monday. GLNK coming soon as well, week after I think.”

How These ETFs Expand Investor Access

The two funds convert Grayscale’s existing single-asset trusts into spot ETFs, each carrying a 0.35% management fee.

The ETF wrapper removes many of the technical and security barriers that previously discouraged some investors from holding cryptocurrencies directly.

Shares can be bought and sold through ordinary brokerage accounts, pension plans, and wealth-management platforms, without the need for digital wallets or specialised custody.

Grayscale, which manages more than $35 billion in assets, has gradually moved its product suite into regulated ETF structures after earlier approvals for Bitcoin and Ethereum.

The company is also working towards a public listing of its Class A shares on the NYSE.

Rising Competition As XRP ETFs Crowd The Market

The XRP launch comes during one of the busiest months the asset has seen in US markets.

Canary Capital became the first to list a spot XRP ETF on 13 November, reporting “the highest first-day trading volume of any ETF launched in 2025 as of 17 November”, with $59 million traded and roughly $250 million in assets under management by the end of the session.

Franklin Templeton is expected to launch its own XRP ETF alongside Grayscale’s, while WisdomTree awaits its start date.

Bitwise, 21Shares and CoinShares have all introduced XRP funds this month following the end of the US government shutdown and a softer regulatory stance from the SEC.

Despite the wave of listings, XRP has fallen around 18% since the beginning of November, based on CoinGecko data.

Dogecoin ETF Arrives Amid Market Caution

The Grayscale Dogecoin ETF enters a market where other DOGE products already exist.

REX Shares and Osprey Funds received approval in September for their DOGE ETF under the 1940 Investment Company Act, a route that allowed them to bypass the need for explicit SEC sign-off.

Grayscale’s product, however, positions itself as a fully regulated spot ETF within the standard SEC framework.

Balchunas expects GDOG to draw around $11 million in first-day volume.

The launch follows a rise in derivatives activity, with Dogecoin futures volume up more than 30% to $7.22 billion, while XRP derivatives jumped 51% to $12.74 billion.

Both tokens have been volatile heading into the listings.

Dogecoin recently traded at $0.1463, up 2.3% over the past day, while XRP dipped early before steadying near $2.06.

A Turbulent Month For Crypto Funds

The ETF boom comes during a challenging period for broader crypto markets.

On 20 November, investors pulled $548 million from Bitcoin ETFs in a single day, including $355 million withdrawn from the BlackRock iShares Bitcoin Trust.

Analysts say the uncertainty around digital-asset prices may shape early trading sentiment for newly launched altcoin ETFs.

As Grayscale’s Dogecoin and XRP funds hit the market together for the first time, traders will be watching whether investor appetite can withstand ongoing volatility.

They will also be watching whether more altcoins will join the exchange before year-end.