Key Takeaways
- Grayscale’s XRP and Dogecoin ETFs are set to debut on NYSE Arca next Monday.
- Both ETFs will charge a 0.35% management fee and mark Grayscale’s expansion after Bitcoin and Ethereum ETF conversions.
The NYSE Arca has certified its approval for the listing of the Grayscale XRP Trust ETF (GXRP) and the Grayscale Dogecoin Trust ETF (GDOG), according to certification letters dated November 21.
Bloomberg ETF analyst Eric Balchunas confirmed that both funds are expected to begin trading next Monday.
Grayscale, which oversees more than $35 billion in client assets, first launched its closed-end XRP trust in the US last September. Earlier this year, the firm filed with the SEC to convert the product into an ETF, following the successful conversion of its Bitcoin and Ethereum trusts.
Both the XRP and Dogecoin ETFs will carry a 0.35% management fee.
In addition to these ETF developments, Grayscale is preparing to go public in the US.
The company has filed for an IPO to list its Class A shares on the NYSE amid growing momentum behind crypto-related public offerings under the current administration.
Source: https://cryptobriefing.com/grayscale-xrp-dogecoin-etfs-nyse/
