Grayscale’s Dogecoin and XRP ETFs Set for NYSE Debut on November 24

Grayscale is launching its Dogecoin Trust ETF (GDOG) and XRP Trust ETF (GXRP) as spot exchange-traded products (ETPs) on the New York Stock Exchange (NYSE) on November 24. This move involves converting the firm's existing private trusts into fully listed ETFs, offering a significant liquidity event for current investors. The GXRP ETF enters a market already featuring spot XRP products that have seen substantial early inflows. GDOG will be one of the first Dogecoin ETFs available to US investors, capitalizing on Dogecoin's status as the ninth-largest cryptocurrency with a strong retail following. Bloomberg Intelligence analyst Eric Balchunas projected the GDOG product could see up to $11 million in first-day volume. This expansion broadens the US crypto ETF landscape beyond Bitcoin and Ethereum, reflecting a shift in regulatory conditions under SEC Chairman Paul Atkins, who favors a disclosure-focused framework over enforcement actions for compliant digital asset products.

(Source：BeInCrypto)