The New York Stock Exchange is about to list two crypto Exchange Traded Funds (ETFs): one for Dogecoin (DOGE) and one for Ripple’s XRP. Both of these ETFs are set to go live on November 24 and may trigger increased demand for these top-ranked digital currencies.
The news was broken by prominent crypto commentator and Bloomberg analyst Eric Balchunas on X (formerly Twitter). He tweeted:
“Grayscale Dogecoin ETF $GDOG approved for listing on NYSE, scheduled to begin trading Monday. Their XRP spot is also launching on Monday. $GLNK coming soon as well, week after I think.”
Followed by a snapshot of this letter:
Image Source: NYSEThese ETFs launched by Grayscale have been in the works for more than a year, with approval delayed multiple times by regulatory roadblocks imposed by the SEC. The Trump administration reportedly made a campaign promise to allow all kinds of crypto ETFs and is now delivering on that pledge.
XRP to Appreciate 21%, Doge to Follow
The introduction of these Grayscale ETFs is likely to provide a much-needed boost to the two digital assets amid a major market slump that has led the crypto market to lose one-third of its value.
“A breakout could target $2.50 and beyond, supported by a spot-ETF catalyst,” according to Lacie Zhang, a research analyst at Bitget. Currently, the digital asset is trading around the $2.07 valuation, and if Zhang’s prediction comes true, it will represent a roughly 21% price increase for the fourth-largest crypto by market cap.
DOGE is similarly expected to improve its standing in the crypto market. The premier meme coin has had a lackluster 2024-2025 bull market, during which it has struggled to regain its 2021 ATH of $0.7, let alone mount a fresh charge. The overall meme coin economy is now working with pump exchanges like pump.fun, which have lost 50% of their trading volume.
The Future
To date, four XRP ETFs have been launched on several traditional Finance (tradeFi) exchanges across the USA by four issuers: BitWise, Grayscale, Canary, and Franklin.
There are already some positive developments that show the relative success of these XRP ETFs, as Canary Capital’s XRP ETF (XRPC) achieved the highest first-day trading volume of any ETF launched in 2025, reaching $59 million. The fund concluded its initial trading day with approximately $250 million in assets under management (AUM).
Other cryptocurrencies, such as Solana (SOL), have also seen a host of newly launched ETFs. It remains to be seen just how successful these ETFs will be in reviving the stricken crypto market.
Source: https://zycrypto.com/xrp-and-dogecoin-see-trump-era-crypto-breakthrough-as-doge-xrp-etfs-go-live-on-nyse/
