- Grayscale’s new Dogecoin (GDOG) and XRP (GXRP) spot ETFs start trading Monday on NYSE Arca.
- The launches expand a fast-growing altcoin ETF market following recent XRP and Dogecoin product approvals.
- Investors gain simple, regulated access to DOGE and XRP through traditional brokerage accounts.
Grayscale is rolling out two fresh cryptocurrency ETFs on Monday, bringing even more regulated options to U.S. investors who want spot exposure without messing around with self-custody or on-chain transfers. The new funds, GDOG for Dogecoin and GXRP for XRP, were officially approved by NYSE Arca on Friday, setting the stage for their public debut. Both ETFs used to be private placement products before getting upgraded into fully tradable spot ETPs that hold the real underlying crypto instead of futures or paper derivatives. It’s a big step for Grayscale too, since the company already runs more than 40 different crypto investment products and keeps expanding like it’s nothing.
Altcoin ETF Demand Keeps Growing
The timing feels kind of perfect because GXRP launches only a few days after Bitwise released its own XRP ETF, which already stirred up a bit of excitement in the market. Bitwise has been on a roll this year anyway, especially with its Solana ETF pulling in over $400 million since launch. And it doesn’t stop there — Franklin Templeton is gearing up to drop a Dogecoin ETF next week, adding even more fuel to this altcoin ETF wave.
All of this follows new SEC guidance published during the government shutdown that clarified how issuers can list crypto products without waiting for a formal thumbs-up each time. Firms still need to meet the listing standards the SEC approved in September, but the process is smoother now, which explains why ETFs are popping up left and right.
XRP and Dogecoin Strengthen Market Presence
XRP continues to hold its spot as the fourth-largest crypto by market cap, with its ledger powering international payments and cross-border transactions. The XRP Ledger has pushed through more than 4 billion transactions over nearly fourteen years, which shows how long it’s been around quietly doing its thing. It remains one of the more established blockchain networks built specifically for global value transfers.
Dogecoin, on the other hand, started as a meme and then somehow evolved into one of the most heavily traded digital assets on the planet. High volume, high visibility, and a fanbase that never seems to take a day off. GDOG becomes the second Dogecoin ETF in the U.S., following the REX-Osprey ETF that launched back in September. That earlier product listed under the Investment Company Act of 1940, which is usually for actively managed funds, while Grayscale went with a different path entirely by using a spot ETP structure that matches how they handle Bitcoin and Ethereum.
New Options for Traditional Investors
With GDOG and GXRP launching Monday, investors get two more ways to tap into major crypto assets through regular brokerage accounts without dealing with wallets, seed phrases, or the usual crypto headaches. Both ETFs will trade on NYSE Arca alongside Grayscale’s other crypto offerings, giving traders a simple, regulated entry point into Dogecoin and XRP at a time when altcoins are seeing renewed attention. It’s a small but pretty meaningful expansion of the ETF landscape — and it’s probably not the last one we’ll see this year, judging by the pace of launches lately.
