Grayscale’s Dogecoin ETF Set for Monday Launch as VanEck Debuts Latest Solana Spot ETF
Crypto markets brace for institutional tsunami as two major ETF players unleash new digital asset products simultaneously.
The Doge Finally Gets Its Day
Grayscale's long-anticipated Dogecoin ETF hits the market Monday—transforming the meme coin that started as a joke into a legitimate institutional investment vehicle. No more hiding behind Robinhood screens for the people's crypto.
Solana's Institutional Validation
VanEck doubles down on the Ethereum competitor with their latest Solana spot ETF debut. Because apparently one wasn't enough to capture that sweet, sweet blockchain throughput action.
Wall Street's Crypto Conversion
Traditional finance finally admits what we've known for years—digital assets aren't going anywhere. Though watching bankers try to explain Dogecoin's 'fundamentals' remains priceless entertainment.
The regulatory dance continues while institutions quietly build positions. Because nothing says 'mature asset class' like billion-dollar funds trading internet money featuring a Shiba Inu.
VanEck waives fees for its Solana ETF to attract investors
VanEck’s VSOL will lock up Solana on the blockchain for rewards and offer staking yields to investors, similar to Grayscale’s and Bitwise’s Solana ETFs. The fund has also waived its 0.3% fee until February 17 or until it reaches $1 billion in assets under management, a MOVE that is expected to add a competitive advantage against Bitwise’s BSOL and Grayscale’s GSOL funds.
Kyle DaCruz, Director of Digital Assets Product at VanEck, commented on the listing, stating that it is part of VanEck’s expansion plan to offer more investor-focused products across the digital currency ecosystem.
Bitwise’s BSOL is the most prominent U.S. spot Solana ETF with $417.53 million in net assets under management, while Grayscale’s GSOL follows with $89.23 million. The two funds have amassed a cumulative total of $513.48 million. The Solana ETFs registered $8.26 million in inflows on Monday, marking a fifteen-day streak of positive flows since their inception on October 28.
On the other hand, a Grayscale exchange-traded fund set to track Dogecoin’s price is set to debut on Monday. The Grayscale Dogecoin Trust (DOGE) will list on the New York Stock Exchange.
Based on 20 day clock I believe Grayscale will be out with first Doge ETF in a week, 11/24. We'll see, won't be 100% till exchange notice, but based on SEC guidance it looks good. pic.twitter.com/mvlGsNyNVG
— Eric Balchunas (@EricBalchunas) November 17, 2025
Eric Balchunas, senior ETF analyst at Bloomberg, wrote that the Grayscale ETF “looks good” based on U.S. SEC guidance. The analyst predicted that the dogecoin fund will debut on November 24, following an amendment in regulatory filings earlier this month that mandates 20 days during which it can unveil the listing if the U.S. SEC does not respond. The listing will mark the first Dogecoin ETF and the first memecoin-focused ETF in the U.S.
The listing WOULD solidify recent activity in altcoins by investment firms seeking to tap into institutional capital. Bitwise’s Dogecoin ETF is also set to debut later this month, according to a U.S. SEC filing in early November.
The new listings follow the unveiling of the first spot ETF tailored to track XRP by Canary Capital. The ETF is listed on the Nasdaq and has over $257 million in total net assets under management as of the time of this publication. Data from Sosovalue shows that the XRP fund witnessed $25 million in net inflows on Monday, marking a two-day streak of positive flows.
Bitcoin and Ethereum ETF outflow continues
Spot Bitcoin ETFs witnessed $254.51 million in net outflows on Monday, marking a 4-day negative flow streak. ethereum ETFs also experienced negative flows of $182.80 million on Monday, marking a steady streak of negative flows that began on November 11 and has persisted since then.
The broader cryptocurrency market has experienced a significant decline over the last few days. Data from Coinmarketcap shows that Bitcoin is down 5.34% in the last 24 hours, bringing its seven-day loss to 14.40%. The crypto asset price is currently trading at $89,000, a price that was last seen in April.
Ethereum is also down 5.84% in the last 24 hours and has dipped by 15.51% in the last seven days. Solana is down 3.5% in the last 24 hours and has declined by 17.69% in the past week. XRP is also down 12.66% in the last seven days after a 4.49% dip in the past 24 hours.
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