The New York Stock Exchange has certified the listing and registration for the Grayscale Dogecoin Trust ETF Shares and Grayscale XRP Trust Shares ETF. Both funds are scheduled to commence trading on NYSE Arca on Monday. These two offerings from Grayscale represent conversions from private placement trusts into publicly traded exchange-traded funds.
Grayscale Expands Its ETF Offering
Grayscale, recognized as the world's largest digital-asset focused investment platform, is broadening its portfolio of exchange-traded funds (ETFs). On Friday, the platform received confirmation that NYSE Arca, a subsidiary of the NYSE Group, had certified the listings for its spot XRP and DOGE spot ETFs. With this official approval, the Grayscale XRP Trust ETF Shares and the Grayscale Dogecoin ETF Shares are now cleared to begin public trading.
Both ETFs are slated to go live on NYSE Arca on Monday, November 24, 2025, and will be traded under the ticker symbols $GDOG and $GXRP, respectively.
The announcement, published on an SEC page, states:
“The NYSE Arca certifies its approval for listing and registration of the Grayscale XRP Trust ETF Shares, a series of Grayscale XRP Trust ETF, under the Exchange Act of 1934.”
Grayscale's latest crypto ETFs provide U.S. investors with straightforward access to DOGE and XRP. These additions complement the company's existing range of products that track Bitcoin (BTC), Solana (SOL), Dogecoin (DOGE), and Ethereum (ETH).
Both listings signify a direct conversion from Grayscale's existing private-placement trusts into publicly traded financial products.
Eric Balchunas, a senior ETF analyst at Bloomberg, shared a screenshot of the $GDOG approval on X and confirmed the approval of $GXRP in the same post. He also indicated that $GLINK, Grayscale's Chainlink (LINK) ETF, might launch the following week.
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 pic.twitter.com/c6nKUeDrtI
— Eric Balchunas (@EricBalchunas) November 21, 2025
Surge in Spot ETF Approvals in the U.S.
Since the SEC approved the first U.S. spot Bitcoin (BTC) ETFs in January 2024, the number of spot ETFs has seen a significant increase. Spot crypto ETFs, also known as exchange-traded products (ETPs), are designed to mirror the real-time price of an underlying digital asset. These funds acquire cryptocurrencies from authorized crypto exchanges or other holders and then secure them in digital wallets, often utilizing cold, offline storage to mitigate hacking risks. Subsequently, the ETFs issue shares that correspond to the quantity of tokens they hold and sell these shares on traditional stock exchanges, with their prices reflecting the prevailing market value of the underlying cryptocurrency.
Spot crypto ETFs are particularly appealing to retail investors who seek exposure to cryptocurrency price fluctuations without the inherent risks and complexities associated with directly purchasing and safeguarding digital assets. Instead of engaging with crypto exchanges and managing private keys, investors can purchase ETF shares through conventional brokerages, thereby gaining regulated exposure to the asset class.
Spot ETFs have played a crucial role in advancing mainstream crypto adoption by offering enhanced convenience, regulatory oversight, broader market accessibility, and potential tax advantages.