Grayscale’s DOGE & XRP Spot ETFs Approved for NYSE Arca Monday Launch

Published: 2025-11-24 07:05:57 |

Grayscale has secured NYSE Arca approval to convert its Dogecoin (DOGE) and XRP trusts into spot ETFs, set to begin trading Monday under tickers GDOG and GXRP. Under the Securities Exchange Act of 1934 and recent SEC guidance, issuers can list once they meet listing standards without additional sign-off. These new spot ETFs join Grayscale’s Bitcoin, Ethereum and Solana offerings, offering institutional and retail investors lower investment thresholds, enhanced liquidity and regulated DOGE ETF and XRP ETF exposure. Bloomberg analyst Eric Balchunas confirmed the approvals and noted a Chainlink (LINK) spot ETF may follow soon, marking ongoing expansion of U.S. crypto spot ETFs.

Bullish

Approval of Grayscale’s DOGE ETF and XRP ETF broadens regulated access, lowers investment thresholds and boosts liquidity—factors that historically drive increased demand when new crypto spot ETFs launch. This development is likely to attract both institutional and retail capital, supporting short-term price uplifts and underpinning long-term bullish sentiment for DOGE and XRP.