The New York Stock Exchange has formally approved the listing of Grayscale’s new Dogecoin and XRP exchange-traded funds, paving the way for both products to debut on Monday.
NYSE Arca, the exchange’s subsidiary, submitted the certification to the Securities and Exchange Commission confirming its approval for the Grayscale XRP Trust ETF (GXRP) and the Grayscale Dogecoin Trust ETF (GDOG).
ETF analyst Eric Balchunas shared the approval documents on X, noting that another Grayscale product tied to Chainlink is also approaching its launch window.
“Grayscale Dogecoin ETF $GDOG approved for listing on NYSE, scheduled to begin trading Monday. Their XRP spot is also launching on Monday,” he said. “$GLNK coming soon as well, week after I think.”
Spot Dogecoin ETF Moves Ahead
The NYSE’s sign-off marks the final regulatory step for Grayscale’s spot Dogecoin ETF, a product that has drawn attention as issuers race to capitalize on heightened demand for speculative crypto-linked funds.
Grayscale’s Dogecoin ETF is not entirely new but rather a conversion of an existing trust into a fully tradable ETF.
The product will track the market price of DOGE, giving traders an easier and more regulated way to access the popular memecoin.
Balchunas predicted that the ETF could attract around $11 million in trading volume on its first day.
The approval comes during a period in which several asset managers have rushed to market with new crypto ETFs covering a variety of altcoins.
Growing XRP ETF Competition
The rollout of XRP funds is intensifying as well.
Grayscale’s XRP ETF is expected to go live alongside a competing fund from Franklin Templeton, while WisdomTree’s version is also awaiting its official launch date.
The expansion of XRP investment products accelerated earlier this month when Canary Capital introduced the first U.S. spot XRP ETF on Nov. 13.
The fund generated strong initial demand, pulling in more than $250 million in its opening session.
Since then, several heavyweight issuers — including Bitwise, 21Shares and CoinShares — have introduced XRP ETFs, flooding the market with fresh options for investors as U.S. regulators ease oversight on new crypto ETF filings following the government shutdown.
Despite the influx of investment products, XRP’s market performance has not yet reflected the enthusiasm.
Data from CoinGecko shows the token has fallen about 18% since early November, even as investors gain more regulated avenues to trade it.
Crypto ETF Pipeline Continues to Expand
The rapid succession of approvals underscores growing willingness among exchanges and issuers to offer products tied to volatile cryptocurrencies.
Market players have described this as a new phase of competition within the ETF industry, with firms racing to secure early-mover advantage across major altcoins.
Grayscale, with deep experience converting its trusts into ETFs, is positioned to play a central role in that expansion.
With additional listings — including the upcoming Chainlink ETF — the firm is broadening its footprint across multiple digital assets as investor appetite evolves.
The latest approvals also highlight the NYSE’s increasing involvement in the crypto ETF ecosystem, positioning the exchange as a key venue for the next wave of digital asset investment products.