Grayscale’s DOGE and XRP ETFs Geared to Go Live On NYSE on 24 November

The New York Stock Exchange has certified the listing and registration for the Grayscale Dogecoin Trust ETF Shares and Grayscale XRP Trust Shares ETF. Both funds will begin trading on NYSE Arca on Monday. 

Grayscale’s two offerings represent conversions from private placement trusts into publicly traded exchange-traded funds.

Grayscale Adds to Its ETF Roster

Grayscale, the world’s largest digital-asset focused investment platform, is expanding its lineup of exchange-traded funds (ETFs). On Friday, the platform received word that NYSE Arca, a subsidiary of the NYSE Group, had certified the listings for its spot XRP and DOGE spot ETFs. With this approval, the Grayscale XRP Trust ETF Shares and the Grayscale Dogecoin ETF Shares are cleared to begin public trading. 

Both ETFs will go live on NYSE Arca on Monday, 24 November 2025, and will trade under the tickers $GDOG and $GXRP, respectively. 

The announcement, published on an SEC page, reads:

Grayscale’s latest crypto ETFs offer U.S investors easy access to DOGE and XRP, adding to the company’s growing suite of products that track Bitcoin (BTC), Solana (SOL), Dogecoin (DOGE), and Ethereum (ETH).

Both listings are direct conversions from Grayscale’s existing private-placement trusts into publicly traded products. 

Bloomberg senior ETF analyst Eric Balchunas, shared the screenshot of $GDOG’s approval on X and confirmed $GXRP’s approval in the same post. He also hinted that $GLINK, Grayscale’s Chainlink (LINK) ETF, may launch the following week. 

Spot ETF Approvals Surge in the U.S.

Since the SEC approved the first U.S. spot Bitcoin (BTC) ETFs in January 2024, the number of spot ETFs has surged. Spot crypto ETFs exchange-traded products (ETPs) that mirror the real-time price of an underlying digital asset. They acquire cryptocurrencies from authorised crypto exchanges or other holders and secure them in digital wallets - often cold, offline storage to reduce hacking risks. ETFs then issue shares that correspond to the number of tokens they hold and sell shares on traditional stock exchanges, prices reflecting the prevailing market price of the underlying crypto.  

Spot crypto ETFs appeal to retail investors who want exposure to cryptocurrency price movements without the risks and complexities of directly purchasing and safeguarding digital assets. Instead of using crypto exchanges and managing private keys, investors can buy ETF shares through traditional brokerages and gain regulated exposure to the asset. 

Spot ETFs have significantly boosted mainstream crypto adoption by offering convenience, regulatory oversight, market accessibility and potential tax benefits.  

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.