NYSE Greenlight Grayscale’s XRP, Dogecoin ETFs

2025-11-23 09:42:11

Grayscale is expanding its ETF lineup with newly certified XRP and Dogecoin funds, following approvals from NYSE Arca. Both products are conversions of long-running private trusts into fully listed ETFs, giving two of the market’s most followed altcoins broader access. XRP remains the fourth-largest crypto, while Dogecoin continues to lead the memecoin category with strong retail support.

The launches land in the middle of a surge in US crypto ETF activity. Over the past year, ETFs tied to Litecoin, HBAR, XRP and Solana have gone public using SEC guidance that lets issuers list products without waiting for direct approval, as long as they meet preapproved listing standards. If it rolls out as planned, Grayscale’s Dogecoin ETF will be the second DOGE ETF in the United States.

The timing is notable, since sentiment toward crypto ETFs has weakened. US spot Bitcoin ETFs saw nearly $1 billion in outflows on Thursday, their second-largest daily loss on record. Roughly $4 billion has exited in the past month as Bitcoin has fallen about 30 percent. Citi Research estimates that each $1 billion in outflows pulls Bitcoin down roughly 3.4 percent.

Even so, issuers continue launching products. Since October 10, seventeen new crypto-linked ETFs have debuted, though institutional desks report rising caution as newly launched funds post double-digit declines.

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Dogecoin ETF, Grayscale, XRP ETF

XRP-0,58%

DOGE-0,95%

LTC-0,48%

HBAR-1,4%

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