Grayscale’s two new crypto exchange-traded funds (ETFs) will go live on NYSE Arca on Monday, providing U.S. investors with streamlined access to and XRP for the first time on regulated public markets.
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.
Dogecoin, once considered primarily a wacky cryptocurrency, has become one of the most actively traded digital assets by volume.
Meanwhile, the launch of GXRP comes as XRP Ledger (XRPL), a blockchain designed for cross-border payments, approaches its fourteenth year. The ledger has processed more than 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 growing range of crypto-related investment products, which now spans over 40 offerings.
Grayscale’s launches follow a wave of new altcoin ETFs. Franklin Templeton is expected to launch its own Dogecoin ETF next week, while Bitwise’s XRP ETF went live earlier this week. Bitwise’s Solana ETF (BSOL), which debuted earlier this year, has already attracted over $400 million in inflows, reflecting growing institutional interest in non-Bitcoin crypto assets.
