XRP, DOGE ETFs & Monad Mainnet

This week in crypto, several altcoins may be primed for significant moves, catalyzed by ecosystem-specific developments.

The packed schedule could significantly influence investor sentiment and project momentum across the altcoin sector, as each event may affect protocol growth and token performance.

Grayscale XRP ETF Launch

The Grayscale XRP Trust ETF begins trading on NYSE Arca on November 24. The financial instrument gives investors direct exposure to XRP through conventional brokerage accounts.

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The fund holds 6,017,179.9823 XRP, with each share representing 19.40 XRP at a net asset value (NAV) of $37.64 as of November 21.

GXRP features a 0% management fee for the first three months or until assets reach $1 billion, after which the fee is 0.35%.

Coinbase Custody Trust Company is the digital asset custodian, with the XRP Trust managinghaving $11,673,329 in assets and has 310,100 shares outstanding.

GXRP will be available through brokerages such as Interactive Brokers, E-Trade, Charles Schwab, Fidelity, Robinhood, and TD Ameritrade.

Even in the face of this news, Ripple’s powering token, XRP, was up only by a modest 1.35% in the last 24 hours.

Meanwhile, Grayscale’s XRP ETF comes after Canary Capital and Bitwise Invests already ventured into this market, launching their investment products.

Grayscale DOGE ETF Debut

The Grayscale Dogecoin Trust ETF also debuts on NYSE Arca today. GDOG offers regulated Dogecoin exposure, holding 11,136,681.421 DOGE and 117.60 DOGE per share.

The ETF manages $1,546,094 in assets, with 94,700 shares outstanding and a NAV per share of $16.33. The fee structure matches GXRP, with a 0% management fee for the first three months or up to $1 billion in assets.

ETF analyst Nate Geraci highlighted the symbolic importance, noting that the product is the first Dogecoin ETF launched under the ’33 Act. The President of the ETF Store sees it as evidence of a major regulatory shift in crypto this year.

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The launches confirm growing institutional acceptance of altcoins in regulated products beyond Bitcoin and Ethereum.

Both ETFs carry risks. Neither is registered under the Investment Company Act of 1940, creating regulatory distinctions and higher risk profiles versus typical investments.

Monad Mainnet Arrives With Large Initial Supply

The Monad Public Mainnet will also launch today, November 24, 2025, culminating years of work on the high-performance Layer-1 blockchain.

Built for full EVM compatibility, Monad prioritizes security, decentralization, and throughput. Its launch followed a public sale on Coinbase from November 17 to November 22, during which 7.5 billion MON tokens were sold at $0.025 each.

According to the tokenomics overview, Monad’s initial token supply is 100 billion MON, with 49.4 billion (49.4%) unlocked at launch. The rest unlocks gradually, becoming fully accessible by Q4 2029, the network’s fourth anniversary.

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The mainnet debut positions Monad as a contender in the expanding Layer-1 segment. The network’s EVM compatibility and higher throughput address persistent challenges for decentralized applications.

The immediate release of nearly half the token supply can strongly influence early price discovery.

MegaETH Bridge Launches

MegaETH will open its Pre-Deposit Bridge on November 25, letting users convert USDC on Ethereum to USDm on the Mega mainnet (Frontier).

The bridge supports up to $250 million, giving early access to the network’s features before a wider launch.

This initial bridge is a crucial infrastructure step for MegaETH as it approaches mainnet. The defined cap helps the team manage early network traffic and user experience.

Users gain a stablecoin option from the outset through the USDC-to-USDm conversion. This development comes barely a month after MegaETH’s MEGA token sale.

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Solv Protocol Integrates Solana

In a separate move, Solv Protocol will complete its integration with Solana on November 24. Cross-chain expansion enables Solv users to interact across a broader set of blockchain ecosystems.

This aligns with the larger trend of DeFi protocols pursuing multi-chain growth to boost liquidity and attract diverse users.

Additionally, Arbitrum is hosting an event in Hong Kong for community members and developers on November 26.

Such gatherings often lead to partnership announcements and new upgrades, which could influence the price of the ARB token, especially in the short term.

The event happens as Layer-2 projects compete for transaction volume and developer engagement in the Ethereum scaling sector.

This week’s clustering of industry events highlights accelerating crypto infrastructure growth. Regulated ETFs and new network launches highlight the paths of mainstream financial adoption and decentralized tech innovation.

Traders can cushion their portfolios against any sudden impact by trading around or front-running these headlines strategically.