Grayscale’s Dogecoin and XRP ETFs tee up to launch on Monday following NYSE approvals
The NYSE has approved the listings for Grayscale's Dogecoin and XRP ETFs, allowing them to launch on Monday.Summary
The New York Stock Exchange (NYSE Arca) has approved the listing and registration for Grayscale’s Dogecoin Trust ETF Shares and Grayscale XRP Trust ETF Shares, paving the way for both products to launch on Monday. These products will be conversions from existing private placement trusts into exchange-traded funds (ETFs). This move expands Grayscale's fund offerings, which already include ETFs for bitcoin, Ethereum, Dogecoin, and Solana. XRP is notable as the fourth-largest cryptocurrency by market capitalization, while Dogecoin is the largest memecoin. Grayscale's Dogecoin ETF will be the second such product in the U.S., following versions launched by REX Shares and Osprey Funds in September, though those used a different legal structure under the Investment Company Act of 1940. The approvals follow a recent trend where the SEC provided guidance allowing for the listing of altcoin-tracking ETFs.
(Source：The Block)