Grayscale’s two new crypto exchange-traded funds (ETFs) go live on NYSE Arca on Monday, giving US investors simplified access to and XRP for the first time through 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 mainly a joke cryptocurrency, has become one of the most actively traded digital assets by volume.
Meanwhile, the launch of GXRP comes as the XRP Ledger (XRPL), a blockchain tailored for cross-border payments, approaches its fourteenth year. The ledger has processed over 4 billion transactions since its inception.
GXRP and GDOG were originally available as private placements before being listed on the NYSE Arca. Their debut adds to Grayscale’s growing suite of crypto-related investment products, which now spans 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 cryptoassets.
