Grayscale Dogecoin and XRP ETFs Launch Monday on NYSE Arca - Crypto Markets Brace for Impact

Wall Street meets meme coins as institutional crypto goes mainstream.

The ETF Revolution Expands

Grayscale's latest crypto ETFs smash traditional barriers—bringing Dogecoin and XRP to the NYSE Arca trading floor. No more complex wallet setups or questionable exchanges. Monday's launch marks another step toward crypto normalization, whether purists like it or not.

Market Mechanics Unleashed

These ETFs transform speculative assets into regulated instruments. Institutions get clean exposure without the custody headaches. Retail investors access familiar brokerage accounts instead of navigating crypto's wild west. The infrastructure builds while regulators watch—always a step behind innovation.

Traditional Finance's Ironic Embrace

The same institutions that dismissed crypto for years now package it for mass consumption. They'll collect fees while pretending they believed in blockchain all along. Classic Wall Street—if you can't beat them, repackage them and charge management fees.

The gates open Monday. Watch the flows.

TLDR

• Grayscale’s Dogecoin (GDOG) and XRP (GXRP) ETFs will start trading on NYSE Arca on Monday, giving U.S. investors regulated access to both cryptocurrencies
• Both ETFs were converted from private placement products and are structured as spot ETPs that hold the underlying assets
• GXRP follows Bitwise’s XRP ETF launch earlier this week, while GDOG becomes the second Dogecoin ETF in the U.S. after REX-Osprey’s September launch
• The approvals add to Grayscale’s portfolio of over 40 crypto investment products, including Bitcoin, Ethereum, and Solana ETFs
• XRP Ledger has processed over 4 billion transactions in nearly fourteen years, while Dogecoin remains one of the most actively traded digital assets by volume

Grayscale will launch two new cryptocurrency ETFs on Monday, expanding regulated investment options for U.S. investors. The Grayscale Dogecoin Trust ETF (GDOG) and Grayscale XRP Trust ETF (GXRP) received final approval from NYSE Arca on Friday.

BREAKING: Grayscale’s $DOGE and $XRP spot ETFs will start trading Monday. pic.twitter.com/cPIfHicDQ8

— Coin Bureau (@coinbureau) November 21, 2025

Both products are structured as spot exchange-traded products. This means they hold the actual cryptocurrencies rather than derivatives or futures contracts.

The ETFs started as private placement offerings before converting to publicly traded funds. Grayscale now operates more than 40 crypto-related investment products.

Growing Altcoin ETF Market

The GXRP launch comes days after Bitwise introduced its own XRP ETF. Bitwise has seen strong demand for its solana ETF (BSOL), which has gathered over $400 million in investor funds since launching earlier this year.

Franklin Templeton plans to release a Dogecoin ETF next week. This wave of new products follows regulatory guidance the SEC released during the government shutdown.

The guidance clarified how firms could list crypto products without waiting for explicit SEC approval. Companies still need to meet specific listing standards that the SEC approved in September.

XRP and Dogecoin Market Position

XRP ranks as the fourth-largest cryptocurrency by market capitalization. The XRP Ledger blockchain focuses on cross-border payment transactions.

The network has processed more than 4 billion transactions since its creation nearly fourteen years ago. The blockchain continues to operate as a platform for international money transfers.

Dogecoin started as a joke cryptocurrency but has become one of the most traded digital assets. The memecoin maintains high trading volumes across cryptocurrency exchanges.

GDOG will be the second dogecoin ETF available to U.S. investors. REX Shares and Osprey Funds launched the first Dogecoin ETF in September.

The REX-Osprey product used a different regulatory approach. It listed under the Investment Company Act of 1940, which governs actively managed funds.

Grayscale chose the spot ETP structure for both GDOG and GXRP. This approach matches the company’s existing Bitcoin and ethereum ETF products.

The Monday launch gives investors two new options for cryptocurrency exposure through traditional brokerage accounts. Both ETFs will trade on NYSE Arca alongside other Grayscale crypto products.