XRP News Today: Altcoin ETFs Arrive as Grayscale Expands Beyond Bitcoin

The New York Stock Exchange has cleared the final regulatory hurdles for Grayscale Investments' Dogecoin and XRP exchange-traded funds (ETFs), setting them to debut on Monday, November 24. The approvals, announced by NYSE Arca, a subsidiary of the NYSE, follow filings with the Securities and Exchange Commission (SEC) and mark a significant expansion of crypto ETF offerings beyond Bitcoin and Ethereum. The Grayscale Dogecoin Trust ETF (GDOG) and XRP Trust ETF (GXRP) will convert the firm's existing private trusts into publicly traded products, offering retail and institutional investors a streamlined way to access the ninth-largest and fourth-largest cryptocurrencies by market capitalization, respectively.

The launch of these ETFs coincides with a surge in altcoin ETF approvals, driven by regulatory clarity under the SEC's recent guidance. The agency's September 2025 framework allowed issuers to bypass direct SEC review for products meeting specific listing standards, accelerating the approval process. This shift has enabled firms like Bitwise, Canary Capital, and Franklin Templeton to flood the market with XRP ETFs in recent weeks. According to CoinGecko data, XRP's price has declined by approximately 18% since the start of November.

Grayscale's Dogecoin ETF, which charges a 0.35% fee, is expected to capitalize on the asset's strong retail following. Bloomberg senior ETF analyst Eric Balchunas projected $11 million in first-day trading volume for GDOG, citing the meme coin's cultural appeal and liquidity. Dogecoin's transition to an ETF format also mirrors Grayscale's earlier conversions of Bitcoin and Ethereum trusts, a strategy that has historically drawn substantial inflows according to financial reports. Meanwhile, the XRP ETF market is becoming increasingly competitive, with Franklin Templeton preparing to launch their own products on the same day as Grayscale's debut. Franklin's XRP ETF, which waives management fees until mid-2026, aims to attract institutional investors through Coinbase custodianship and a broad distribution network across 13,000 advisory firms.

The broader crypto ETF landscape, however, faces headwinds. U.S. spot Bitcoin ETFs have seen nearly $4 billion in outflows over the past month, with BlackRock's IBIT and Grayscale's GBTC losing hundreds of millions in a single week. Analysts warn that continued outflows could pressure Bitcoin toward $82,000 by year-end, exacerbating volatility in the sector. Despite these challenges, the influx of altcoin ETFs reflects growing institutional confidence in crypto's utility beyond speculative trading. JPMorgan estimates $4–8 billion in cumulative XRP ETF inflows over the next year.

The November 24 launch represents a pivotal moment for Grayscale and the crypto market. By bridging traditional finance and digital assets, these ETFs could redefine liquidity dynamics for altcoins, setting a precedent for future innovation. Yet, their success will hinge on sustained investor demand and broader market stability as regulatory scrutiny and macroeconomic factors continue to shape the industry.