XRP News Today: Grayscale's DOGE, XRP ETFs debut as crypto market navigates volatility and regulatory acceptance.

Grayscale Investments has officially launched two new spot ETFs for Dogecoin (DOGE) and XRP on the NYSE Arca, marking a pivotal moment in the integration of cryptocurrencies into traditional financial markets. The ETFs, trading under the tickers GDOG and GXRP, convert existing private-placement trusts into publicly traded products, offering investors a streamlined way to access these assets without direct custody according to reports. The launches follow regulatory approvals and reflect a broader trend of institutional adoption, with competitors like Bitwise and Franklin Templeton also entering the XRP ETF space according to analysis.

The DOGE ETF (GDOG) and XRP ETF (GXRP) are set to trade on Monday, November 24, 2025, after receiving final clearance from the NYSE according to market reports. Grayscale's move aligns with a surge in altcoin ETF activity, as firms capitalize on a relaxed regulatory environment post-government shutdown. Bitwise's XRP ETF, which began trading on November 20, saw $22 million in initial volume and recorded $105 million in inflows, signaling strong demand for regulated exposure to altcoins. Meanwhile, XRP's price has struggled to maintain value, declining 18% in November amid broader market weakness, though the influx of ETFs could stabilize liquidity.

The DOGE ETF's launch comes amid renewed interest in the memecoin, which has evolved from a viral internet joke to a serious asset class. Grayscale's Krista Lynch highlighted the token's "real-world utility" in a statement, noting its $21.6 billion market cap. However, DOGE's volatility remains a concern; derivatives volume for the asset spiked 30% to $7.22 billion ahead of the ETF debut, reflecting speculative bets on price swings. Analysts like Eric Balchunas anticipate modest early trading volumes, estimating $11 million for GDOG on its first day, though outflows from Bitcoin ETFs suggest cautious investor sentiment.

XRP's regulatory journey has been particularly contentious, with Ripple's years-long dispute with the SEC adding uncertainty. The approval of multiple XRP ETFs indicates growing acceptance of the token as a payments asset. Ripple CEO Brad Garlinghouse called Bitwise's XRP ETF a "milestone," emphasizing the token's potential to modernize global remittances. Yet, XRP's price dipped to $1.85 in early November, and heavy selling by institutional holders - nearly 200 million tokens offloaded in 48 hours - raises questions about short-term momentum.

Market observers are divided on the ETFs' long-term impact. While they democratize access to altcoins, their success hinges on investor appetite and fee structures. Grayscale's DOGE ETF competes with REX Shares and Osprey's 1940 Act-compliant product, which allows active management. Meanwhile, XRP ETFs face competition from Franklin Templeton and WisdomTree, with Bitwise and 21Shares already offering alternatives. The influx of options could tighten spreads and drive innovation but may dilute market share for any single fund.

The broader crypto market remains under pressure, with a six-week downturn weighing on investor confidence. Bitcoin ETFs recorded $548 million in outflows on November 20, and BlackRock's iShares Bitcoin Trust saw $355 million withdrawn. Despite this, altcoins like DOGE and XRP are seen as alternatives to Bitcoin, particularly as institutional investors seek diversified exposure.