Grayscale's DOGE, XRP ETFs to Go Live on NYSE Monday
Grayscale's new DOGE and XRP spot ETFs will launch on NYSE Arca this Monday, offering regulated access to the assets.Summary
Grayscale's two new crypto exchange-traded funds (ETFs), the Grayscale Dogecoin Trust ETF (GDOG) and Grayscale XRP Trust ETF (GXRP), are set to begin trading on NYSE Arca on Monday. These ETFs are structured as spot ETPs, holding the underlying assets directly, providing U.S. investors with regulated public market access to DOGE and XRP for the first time.
These launches follow a trend of new altcoin ETFs, with Bitwise having recently launched its XRP ETF and Franklin Templeton expected to launch a Dogecoin ETF next week. Bitwise's earlier Solana ETF has already seen significant inflows, indicating growing institutional interest in non-Bitcoin crypto assets. GDOG and GXRP were previously available as private placements before their public debut on NYSE Arca, expanding Grayscale's suite of crypto investment products to over 40 offerings.
(Source：CoinDesk)