Grayscale’s two new crypto exchange-traded funds (ETFs) will begin operations on the NYSE Arca on Monday, offering simplified access to U.S. investors. doge$0.1400 And for the first time, XRP is available through a regulated public market.
The Grayscale Dogecoin Trust ETF (GDOG) and the Grayscale XRP Trust ETF (GXRP) are each structured as spot ETPs that hold their respective underlying assets.
Once considered primarily a joke cryptocurrency, Dogecoin has now become one of the most actively traded digital assets by volume.
Meanwhile, the launch of GXRP comes as the XRP Ledger (XRPL), a blockchain tailored for cross-border payments, approaches its 14th year. This ledger has processed over 4 billion transactions since its inception.
GXRP and GDOG were initially available as private placements before going public on NYSE Arca. Their debut adds to Grayscale’s expanding suite of crypto-related investment products, now offering more than 40 products.
Grayscale’s launch follows a wave of new altcoin ETFs. Franklin Templeton plans to launch its own Dogecoin ETF next week, while Bitwise’s XRP ETF went live earlier this week. The Bitwise Solana ETF (BSOL), which debuted earlier this year, has already attracted over $400 million in inflows, reflecting growing institutional investor interest in non-Bitcoin crypto assets.
