The New York Stock Exchange has approved Grayscale's Dogecoin and XRP ETFs to be listed, with trading set to begin on Monday, November 24, 2025. This approval marks significant institutional engagement, potentially boosting liquidity and legitimacy for these altcoins, yet market volatility concerns persist amid recent trends in ETF outflows.
Grayscale's DOGE and XRP ETFs Secure NYSE Listings
The New York Stock Exchange has approved listings for Grayscale's Dogecoin and XRP ETFs, which will commence trading on November 24, 2025. This approval marks a significant transition from private trusts to fully listed ETF products.
Grayscale, in partnership with Franklin Templeton, leads the effort, marking a substantial institutional engagement in the crypto sector. The launch showcases Grayscale's role in expanding crypto investment options with major exchanges and investment firms as key players.
"We are excited to expand crypto investment options with the approved ETF products that bring DOGE and XRP into the regulated market." — Michael Sonnenshein, CEO, Grayscale
Analysts Predict ETF Launch to Boost Altcoin Legitimacy
Analysts anticipate increased liquidity and legitimacy for DOGE and XRP due to ETF access. Institutional participation is expected to rise, providing new opportunities for significant market engagement. Meanwhile, the market continues to respond to broader crypto trends.
Financial markets may observe capital rotation towards altcoin ETFs, potentially impacting Bitcoin and Ethereum prices. However, historical trends indicate a positive outlook for non-Bitcoin ETFs, evidenced by significant inflows into similar past ETF launches.
Past ETF Launches Show Institutional Appetite for Altcoins
The Grayscale conversion of Bitcoin and Ethereum trusts into ETFs previously led to increased market engagement. Experts highlight the substantial inflows in the Bitwise Solana ETF as indicative of institutional appetite for altcoin products.
Industry analysts, like FRNT Financial's CEO, emphasize market caution amidst fear of asset class peaks. The NYSE's regulated process and compliance highlight a secure pathway for institutional crypto investment, encouraging long-term interest despite potential volatility.