NYSE Approves Grayscale’s Dogecoin and XRP ETFs for Monday Launch

NYSE Arca granted final approval for Grayscale's Dogecoin Trust ETF (GDOG) and XRP Trust ETF (GXRP), with both set to begin trading on Monday, November 24, 2025. This marks the first simultaneous launch of two major altcoin ETFs in the U.S. The ETFs convert Grayscale's existing private trusts into publicly traded products, charging a 0.35% annual management fee, with Coinbase Custody holding the underlying assets. The XRP ETF enters a competitive field following recent launches by Canary Capital, Bitwise, 21Shares, and CoinShares, spurred by recent regulatory clarity following Ripple's legal battle with the SEC. The Dogecoin ETF is only the second of its kind in the U.S. Analyst Eric Balchunas confirmed the approvals and noted that a Grayscale Chainlink ETF might follow soon. This rapid approval of altcoin ETFs reflects a shift in SEC regulatory attitude toward disclosure-based frameworks, enabling faster product launches and potentially paving the way for Solana and Litecoin ETFs.

(Source：Brave New Coin)