Grayscale to Launch XRP and Dogecoin ETFs on NYSE

Grayscale, a cryptocurrency-focused investment firm, will launch its XRP and Dogecoin ETFs on the New York Stock Exchange on November 24, following approval from the U.S. Securities and Exchange Commission (SEC). The SEC confirmed the XRP ETF approval in a November 21 release, with a separate note issued the same day confirming the Dogecoin ETF approval.

Bloomberg analyst Eric Balchunas stated on platform X that the Dogecoin ETF could see trading volumes of around $11 million on its first day. He also noted that approval for the Grayscale Chainlink Trust is expected next week.

The launch comes amid a broader trend of increasing support from both NYSE and SEC for altcoin ETFs in recent weeks. Additional similar funds are expected to debut in the near future.

Last week, Canary Capital announced the debut of its XRP ETF on NYSE, reporting a record first-day trading volume of $59 million and closing the session with approximately $250 million in assets under management.