Crypto News: Grayscale Gets NYSE Nod to Launch Dogecoin and XRP ETFs This Week

Grayscale’s Dogecoin and XRP ETFs approved by NYSE to begin trading on November 24, marking a first for dual altcoin ETF launches.

Grayscale has secured approval from the New York Stock Exchange (NYSE) to launch its Dogecoin and XRP spot ETFs. Trading for both funds is scheduled to begin on November 24. This marks the first time two major altcoin ETFs will enter the U.S. market on the same day.

NYSE Clears Grayscale’s Dogecoin and XRP ETFs for Launch

The approval was confirmed through a regulatory notice submitted to the Securities and Exchange Commission (SEC).

Bloomberg ETF analyst Eric Balchunas shared the update on X, noting that both ETFs are cleared to start trading on Monday. The products will trade under the tickers $GDOG for Dogecoin and an unspecified ticker for XRP.

Balchunas also mentioned that another product from Grayscale, linked to Chainlink (LINK), may follow a week later.

The coordinated launch of two altcoin ETFs marks a new step in crypto investment products entering traditional financial markets. The move also broadens access to digital assets for investors who prefer not to hold tokens directly.

Grayscale’s platform will allow investors to gain exposure to Dogecoin and XRP through a regulated structure. This means market participants can buy shares of the ETFs via standard brokerage accounts. The approach may appeal to those looking for indirect crypto exposure with regulatory oversight.

Related Reading: Grayscale Investments Eyes US Launch Amid IPO Filing

Derivatives Volume Rises Ahead of ETF Debut

Ahead of the ETF launch, derivatives trading in both Dogecoin and XRP saw sharp increases.

According to data from CoinGlass, Dogecoin derivatives volume rose over 30 percent to reach $7.22 billion. This activity came as price charts showed increased movement during the trading session.

TradingView data recorded a decline in Dogecoin’s price to near $0.134, followed by a recovery toward $0.14 later in the day. These price swings reflect strong trader activity around the upcoming ETF listing, as market participants positioned for the expected increase in interest.

Dogecoin drops 2.28% before ETF launch: Source| TradingView

XRP derivatives volume grew even more sharply. CoinGlass reported a 51 percent rise in activity, with volume reaching $12.74 billion. Like Dogecoin, XRP’s price also dropped earlier in the day, falling near $1.85 before recovering toward $1.96 as trading continued.

Market Anticipation Grows as Listing Date Nears

This dual launch marks the first time two altcoin ETFs will be introduced simultaneously on a U.S. exchange.

Market watchers expect strong interest, given the large communities and liquidity levels of both Dogecoin and XRP. The listing could also bring additional visibility to altcoin-based ETFs.

Canary’s decision to remove a regulatory delay clause earlier this month added to the momentum in XRP ETF developments.

This step helped clear the way for broader altcoin ETF activity in the United States. Grayscale’s filings align with its continued growth plans in the ETF market.

Grayscale has also filed for an IPO in the United States, which reflects its ongoing expansion strategy. The Dogecoin and XRP ETF approvals show the firm’s aim to widen investor access to crypto markets using familiar financial products.

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