NYSE Greenlights Grayscale’s XRP and DOGE ETFs in Watershed Moment for Crypto
The New York Stock Exchange's approval of Grayscale's XRP and Doge ETFs marks a pivotal institutional endorsement for alternative cryptocurrencies. Trading commences Monday amid bullish sentiment across digital asset markets.
Bitcoin's recovery trajectory sets the stage for altcoin momentum. Early movers who accumulated XRP at Friday's $1.90 lows now eye 10% gains as prices test $2.08 resistance. Dogecoin mirrors the uptrend with 2% morning gains.
Market mechanics suggest amplified volatility. Grayscale's institutional inflows may create asymmetric upside potential, while retail traders' bandwagon effect could fuel short-term price discovery. 'This launch serves as both validation and catalyst,' observes Ajaib Kripto's research team.