XRP News Today: Grayscale's DOGE, XRP ETFs Launch as Prices Tumble in 6-Week Crypto Selloff
The New York Stock Exchange Arca has cleared Grayscale Investments' exchange-traded funds (ETFs) tied to DogecoinDOGE-- (DOGE) and XRPXRP-- for trading, marking a significant expansion of regulated crypto investment options. The Grayscale Dogecoin Trust ETFGDOG-- (GDOG) and Grayscale XRP Trust ETFGXRP-- (GXRP) began trading on Monday, following regulatory approvals that capped months of anticipation in the market.
The launch of these ETFs follows a surge in demand for diversified crypto exposure beyond BitcoinBTC-- and EthereumETH--. Grayscale's GDOGGDOG--, the first U.S. spot Dogecoin ETF, offers investors direct access to the memeMEME-- coin's price movements without requiring custody of the underlying tokens according to reports. Similarly, GXRPGXRP-- provides regulated exposure to XRP, Ripple's native asset, joining a growing list of XRP-focused ETFs from competitors like Franklin Templeton and Bitwise according to market analysis.
The fee structure for both ETFs is designed to attract initial inflows: a 0% expense ratio for the first $1 billion in assets or three months, after which the fee rises to 0.35% according to financial reports. This strategy aligns with broader industry trends, where issuers temporarily waive fees to incentivize adoption. For example, Bitwise's XRP ETF (XRP) generated $107.6 million in inflows on its first day, while Canary Capital's XRPC ETF recorded a record $58.5 million in trading volume according to industry data.
Market reactions to the ETF launches have been mixed. While XRP and DOGEDOGE-- have seen increased institutional interest, both tokens have declined since the start of November, with XRP down 18% and DOGE down 80% from their all-time highs according to market analysis. Analysts attribute this to broader market weakness, with the crypto sector enduring a six-week selloff that erased over $1 trillion in value according to market reports. However, the influx of regulated products is seen as a long-term positive for XRP and DOGE. Grayscale emphasized that GXRP leverages the XRP Ledger's 4 billion transactions and cross-border settlement capabilities, while GDOG highlights Dogecoin's "real-world utility" according to industry analysis.
The ETF approvals also signal shifting regulatory dynamics. The U.S. Securities and Exchange Commission (SEC) has eased scrutiny on crypto products, enabling a wave of altcoin ETFs. According to Bloomberg analysts, over 100 such funds are expected to launch in the next six months. This includes leveraged ETFs for Dogecoin, Bitcoin, and Ethereum, as well as products tracking SolanaSOL-- (SOL), LitecoinLTC-- (LTC), and Hedera HashgraphHBAR-- (HBAR) according to market forecasts.
Despite the optimism, risks persist. Both GXRP and GDOG are not registered under the Investment Company Act of 1940, exposing investors to heightened regulatory and market volatility according to financial reports. Additionally, XRP's price remains 43% below its July 2025 peak, while DOGE trades near 0.14 cents, down from its 2021 high of $0.73 according to market data.
The competitive landscape for XRP ETFs is intensifying. Franklin Templeton's XRPZ and WisdomTree's pending offering join Grayscale's GXRP, creating a crowded market. Ripple CEO Brad Garlinghouse has dubbed the period a "pre-Thanksgiving rush" for XRP products, reflecting the asset's strategic importance in cross-border payments and decentralized finance according to market commentary.
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