Dogecoin and XRP ETFs from Grayscale may be launched this Monday

Source: PortaldoBitcoin Original Title: Grayscale's Dogecoin and XRP ETFs may be launched this Monday Original Link: The New York Stock Exchange (NYSE) gave the green light for the listing of Grayscale's Dogecoin and XRP ETFs, allowing both products to officially hit the market as early as next Monday (24). The approval reinforces the manager's expansion movement in the exchange-traded fund sector linked to crypto assets.

The certification was done by NYSE Arca, a subsidiary of the NYSE group responsible for the listing of digital assets. On Friday, Arca confirmed the registration of the Grayscale XRP Trust ETF Shares and the Grayscale Dogecoin Trust ETF Shares, formalizing that both are authorized to be traded.

The two products represent the conversion of existing private vehicles from Grayscale into publicly traded ETFs.

With the new ETFs, Grayscale continues to expand its catalog, which already includes funds backed by Bitcoin, Ethereum, Dogecoin, and Solana. Both XRP and Dogecoin are among the most popular cryptocurrencies in the market, with Dogecoin being a pioneer among memecoins and XRP currently holding the fourth position globally in market value.

Conversions are happening at a time of strong acceleration in the crypto ETF market in the United States. This year, a series of funds linked to altcoins have been given the green light, including products tracking Litecoin, HBAR, XRP, and Solana.

These approvals were based on guidelines released by the SEC shortly after the end of the U.S. government shutdown, clarifying how companies could go public without relying on explicit approval from the Commission. Additionally, issuers had to meet listing requirements that received a positive signal from the SEC in September.

The Grayscale Dogecoin ETF will be the second of its kind in the North American market. Before it, the managers REX Shares and Osprey Funds had already launched their versions in September. The product resulting from the partnership, the REX-Osprey DOGE, followed a distinct model by being registered under the Investment Company Act of 1940 — a federal regulation aimed at actively managed funds that pool investors' resources to execute a common strategy.