NYSE Approves Grayscale’s Dogecoin and XRP ETFs for Listing
A new wave of crypto-based investment products is arriving on Wall Street. The New York Stock Exchange (NYSE) has signed off on the listing of Grayscale’s Dogecoin Trust ETF (GDOG) and XRP Trust ETF (GXRP) — both set to begin trading on Monday.
The approvals came through NYSE Arca, the exchange’s subsidiary, which filed a certification with the U.S. Securities and Exchange Commission (SEC) formally authorizing the listings. Industry watchers immediately flagged the development as another major step toward mainstreaming speculative digital assets in U.S. markets.
Bloomberg ETF specialist Eric Balchunas confirmed the filings on X, adding that Grayscale’s Chainlink ETF ($GLNK) is queued up for launch next week.
“Grayscale Dogecoin ETF $GDOG approved… Their XRP spot is also launching on Monday,” Balchunas posted.
🐶 Dogecoin ETF to Go Live After Trust Conversion
The Grayscale Dogecoin ETF will not be created from scratch. Instead, it will convert from the firm’s existing Dogecoin Trust, transforming it into a fully traded ETF that tracks DOGE’s spot market price.
Balchunas estimates the fund could see around $11 million in opening-day trading volume, signaling strong interest from retail and speculative traders who view DOGE as one of crypto’s most culturally dominant assets rather than simply a meme token.
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🌊 XRP ETF Market Erupts With New Competition
Grayscale’s XRP ETF won’t launch alone. It is arriving to a crowded field that is rapidly expanding:
- Franklin Templeton rolls out its own XRP ETF the same day
- WisdomTree has an XRP ETF awaiting approval
- Bitwise, CoinShares, and 21Shares have already released competing products this month
- Canary Capital‘s XRPC, launched Nov. 13, drew over $250 million on Day One
This flood of XRP ETFs followed the end of the U.S. government shutdown and the SEC’s softened stance on digital asset investment vehicles — accelerating market approvals for crypto spot products.
📉 However, despite institutional hype and ETF optimism, XRP has dropped nearly 18% in November, according to CoinGecko data. Analysts suggest the correction may reflect profit-taking and overexcitement rather than long-term doubt.
📌 Final Takeaway
With Dogecoin and XRP ETFs heading to America’s largest stock exchange, crypto markets are entering a new chapter — one where meme assets and altcoins get the same investment treatment as traditional commodities.
From meme tokens to institutional-grade products, Wall Street is no longer testing crypto — it’s onboarding it.
