Grayscale’s Dogecoin and XRP ETFs Set to Launch Monday later than NYSE Approvals

NYSE Clears Grayscale’s XRP and Dogecoin ETFs for Monday Debut

The New York Stock platform has approved the listing and registration of the Grayscale XRP Trust ETF Shares and the Grayscale Dogecoin Trust ETF Shares, clearing the way for both products to begin trading on Monday. The approval from NYSE Arca marks another milestone in the rapid expansion of altcoin ETFs in the United States.

In its filing, NYSE Arca stated that it “certifies its approval for listing and registration” of the XRP and Dogecoin trusts under the platform Act of 1934. Both products are conversions from existing private placement vehicles, following the identical pattern Grayscale has used with BTC and ETH trust transitions.

The move continues Grayscale’s strategy of expanding its ETF roster, which already includes products tracking BTC, ETH, Dogecoin, and Solana. XRP — currently the fourth-largest cryptocurrency by market capitalization — and Dogecoin, the first and largest memecoin, carry some of the most loyal communities in crypto, giving their ETFs a potentially strong retail base.

Investor Takeaway

Why Altcoin ETF Approvals Are Accelerating

The listings come amid a wider wave of crypto ETF approvals over the past year. More recently, ETFs tracking Litecoin, HBAR, XRP and SOL were allowed to proceed under guidance the SEC issued during the U.S. government shutdown. That guidance clarified how firms could go public without direct SEC approval, provided they met specific listing standards that were formalized in September.

These standards have opened a path for altcoin trusts to convert into ETFs more efficiently. For Grayscale, this has meant a smoother transition cycle for long-standing private placement products.

The Dogecoin ETF will be the second DOGE-backed product in the U.S. market. REX Shares and Osprey Funds launched their version in September under a diverse framework — the , which governs actively managed pooled investment funds. Grayscale’s structure, by contrast, mirrors the conversion template used for its products.

How These Listings Fit Into the Broader ETF Landscape

The addition of XRP and DOGE strengthens the growing segment of altcoin-focused platform-traded products. For investors, these ETFs offer regulated exposure without the need for custody, platform accounts or cross-chain transfers.

Altcoin ETFs are expanding for several reasons:

• Investor demand: Retail investors continue to gravitate toward well-known altcoins with strong communities.
• platform appetite: U.S. venues want more crypto-linked products to diversify trading activity.
• Regulatory clarity: The SEC’s recent guidance provides a structured route for issuers.
• Conversion momentum: Trust structures can now shift to ETFs more predictably.

For Grayscale, each successful conversion also strengthens its competitive stance as issuers like BlackRock, Fidelity, Franklin Templeton and others move deeper into .

Investor Takeaway

What Monday’s Launch Could Mean for XRP and Dogecoin

The market impact will depend on ahead trading flows, but ETF availability typically influences patterns. Historically, ETF conversions lead to:

• Tighter spreads: Market makers can hedge more efficiently on regulated platforms.
• Higher access brings in traders who prefer traditional brokerages.
• More institutional visibility: Portfolio managers can now allocate within ETF mandates.

For XRP, the listing arrives later than years of legal overhang due to SEC litigation. ETF access could improve its positioning as institutions reassess exposure following its legal reanswer milestones.

For Dogecoin, the narrative is diverse. DOGE is one of the most volatile large-cap crypto assets, but also one of the most culturally recognizable. ETF listing increases its legitimacy in traditional financial channels — something that historically drives fresh inflows.

What Comes Next for Grayscale and the ETF Market?

With these approvals, Grayscale extends its lead in the altcoin ETF segment. More trust conversions are expected as issuers test the SEC’s updated listing framework.

The broader question is whether regulators will continue allowing altcoin ETFs to enter the market under existing rules or push for a new classification that separates store-of-value assets from utility tokens. For now, momentum favors expansion.

As more ETFs go live, trading desks, brokerages and analytics platforms will adjust to new liquidity profiles. XRP and DOGE will be the latest test of how deeply traditional investors want to engage with non-BTC crypto assets.