- Grayscale and Franklin Templeton launched spot XRP ETFs, while DOGE received its first US-listed ETF.
- Early fee waivers aim to attract institutional inflows and build liquidity quickly.
- The new listings expand regulated access to major altcoins during a key moment for the market.
Spot XRP exchange-traded funds from Grayscale Investments and Franklin Templeton officially launched today on NYSE Arca, marking a significant expansion of regulated altcoin exposure in the United States. Grayscale also rolled out its Dogecoin Trust ETF, making it the first US investment product offering direct exposure to DOGE. These listings follow last week’s approval and represent a major shift in how mainstream investors can access non-Bitcoin digital assets through traditional brokerage accounts.
Fee Waivers Aim to Attract Early Institutional Capital
Grayscale’s newly listed XRP Trust ETF (GXRP) and Dogecoin Trust ETF (GDOG) will charge no management fees for the first three months or on the first $1 billion of assets. After the fee waiver expires on February 24, 2026, or after assets cross the $1 billion mark, the standard fee will reset to 0.4 percent. Franklin Templeton’s XRP Trust (XRPZ) enters the market as one of the lowest-cost offerings, carrying a 0.2 percent annual sponsor fee that is waived on the first $5 billion in assets until May 2026. These aggressive fee structures are designed to draw early institutional flows and build liquidity quickly.
Why Grayscale Says the Launches Are a Big Milestone
Grayscale’s Krista Lynch called GXRP’s debut a meaningful step toward broadening access to the expanding XRP ecosystem. She noted that GXRP is aimed at giving investors simple, efficient exposure to XRP without the complications of custody or direct on-chain interaction. On the Dogecoin side, Lynch emphasized how far the meme-born cryptocurrency has come, saying Dogecoin’s evolution into a fast, low-cost network with real usage now aligns with Grayscale’s mission of making digital assets more accessible to mainstream investors. The launches also add to the firm’s growing suite of regulated crypto products.
Expanding Altcoin Exposure Through Regulated Markets
The arrival of XRP and Dogecoin ETFs on NYSE Arca represents a broader trend toward US-listed altcoin investment products. Both assets now join Bitcoin, Ethereum, Solana, and others in the regulated ETF arena, giving institutional and retail investors low-barrier access to major blockchain networks. With multiple issuers launching XRP products within the same week, competition is expected to heat up, especially across fee structures and liquidity incentives. For investors who prefer the safety and structure of US-regulated markets, these new ETFs open the door to diversified crypto exposure during a period of heightened volatility.
What This Means for the Market Going Forward
The simultaneous launch of multiple XRP ETFs and Dogecoin’s first US ETF strengthens the case for broader altcoin adoption in traditional finance. Fee waivers will likely drive early inflows, while issuers expect these products to gain traction as more investors look beyond Bitcoin for diversified exposure. Market watchers believe this wave of new listings could accelerate the institutionalization of altcoins and expand on-exchange liquidity for XRP and DOGE. With ETFs now serving as a bridge between traditional markets and blockchain ecosystems, investors may see more altcoin products arrive in the coming months.
