The New York Stock Exchange (NYSE) has approved the listing of Grayscale’s spot ETFs tracking XRP and Dogecoin, clearing the way for both to begin trading on Monday.
According to filings certified by NYSE Arca, the exchange’s ETF-focused subsidiary, the two funds, the Grayscale XRP Trust ETF and the Grayscale Dogecoin Trust ETF, have met all required listing and registration conditions under the U.S. Securities Exchange Act of 1934.
Fund Conversions and Market Expansion
These launches mark the conversion of long-running private investment trusts into publicly traded ETF structures. Grayscale already operates spot ETFs for major cryptocurrencies such as Bitcoin and Ethereum, and this marks a notable expansion into altcoin territory.
Significance for U.S. Investors
Why this matters: For the first time, U.S. investors will gain regulated, exchange-listed investment vehicles that provide direct exposure to XRP and Dogecoin without owning the tokens themselves. This broadens mainstream investment access beyond Bitcoin and Ethereum.
Market Reaction and Future Outlook
The market reaction is cautious given recent pressure in the crypto sector: many spot bitcoin ETFs have suffered significant outflows, and altcoin sentiment remains subdued. Analysts note the new listings will be a litmus test for demand in regulated altcoin‐focused products.
Grayscale’s move also signals increasing institutional acceptance of digital assets and the evolving regulatory landscape. With these listings, the firm strengthens its position in the ETF market as it continues diversifying its product lineup.
Investor Considerations
Investors looking for exposure to XRP and Dogecoin should consult their financial advisors, as new ETF listings may still carry unique risks compared to traditional asset classes.