Grayscale Launches DOGE and XRP ETFs on the NYSE This Monday: What You Need to Know
Expanding Horizons in Cryptocurrency Investments
This week marked a significant advancement in the cryptocurrency investment landscape with Bitwise’s introduction of its XRP Exchange-Traded Fund (ETF). This growth is part of a broader trend where financial institutions are increasingly providing structured, regulated investment vehicles for digital assets.
Grayscale’s Innovative Crypto ETFs Debut
On the heels of thes developments, Grayscale is set to launch two pioneering crypto ETFs on NYSE Arca this coming Monday. These funds will provide U.S. investors with streamlined opportunities to invest in Dogecoin and XRP through public markets for the first time. the specific ETFs, named Grayscale Dogecoin Trust ETF (GDOG) and Grayscale XRP Trust ETF (GXRP), are designed as spot Exchange-Traded Products (ETPs) that directly hold the underlying digital currencies.
Dogecoin has transitioned from its origins as a lighthearted meme coin to become a heavily traded asset within the cryptocurrency markets. Simultaneously occurring, GXRP arrives at an opportune moment as the XRP Ledger approaches its fourteenth anniversary-a blockchain engineered specifically for facilitating efficient cross-border payments which has already handled over 4 billion transactions as its inception.
Initially offered through private placements, GDOG and GXRP’s transition to public availability via NYSE Arca signifies a major expansion in Grayscale’s array of over 40 crypto-focused investment products.
the Growing Appeal of Altcoin ETFs
The introduction of these new funds by Grayscale follows closely behind other recent entries into the altcoin ETF space.Notably,Franklin Templeton is poised to unveil its own Dogecoin-focused fund next week. Earlier this year,Bitwise also launched an Solana-based fund (BSOL),which quickly attracted more than $400 million in capital inflows-evidence of surging institutional interest beyond Bitcoin-centric investments.
Insights into Blockchain Innovation and Market dynamics
In related news from the blockchain sector, GoPlus Security’s latest report highlights extraordinary growth figures across their offerings. As detailed in their October 2025 update:
- GoPlus App emerged as their top revenue generator with approximately $2.5 million.
- Their Token Security API service averaged 717 million calls per month throughout 2025.
- As launching at the start of January 2025, GoPlus’s native token ($GPS) saw considerable trading volumes both on spot and derivatives platforms-exceeding $15 billion combined over ten months.
Furthermore, recent market movements have seen ICP tokens experiencing significant volatility after breaking below crucial support levels amid unusually high trading volumes-an event that underscores ongoing shifts within broader cryptocurrency markets.
These developments reflect not only growing investor appetite for diverse cryptocurrency products but also highlight how innovations within blockchain technology continue shaping new economic landscapes.
