XRP News Today: As Bitcoin Dominates, Altcoin ETFs Struggle for Liquidity

NYSE Arca's recent approvals of multiple crypto-focused ETFs signal a strategic expansion of its multi-asset offerings, with the exchange now hosting products across XRP, Dogecoin, and other altcoins. The latest additions include the Franklin Templeton XRP Spot ETF (XRPZ), which cleared listing on November 24 with a 0.19% annual fee and a fee waiver on the first $5 billion of assets through May 2026. Grayscale also secured approvals for its DOGE (GDOG) and XRP (GXRP) spot ETFs, with trading set to begin shortly. These moves reflect growing institutional interest in regulated crypto vehicles, as investors seek transparency and compliance amid a fragmented market.

The Grayscale XRP Trust ETF (GXRP), set to debut on November 24, 2025, holds over 6 million XRP tokens and a net asset value of $37.64 per share. Meanwhile, XRP's recent inflows of $90 million, despite a broader crypto market decline of nearly $2 billion, highlight its resilience. CME Group's XRP futures and options also hit a record daily volume of 794,903 contracts on November 21, underscoring heightened speculative activity.

Bitwise's entry into the altcoin ETF space with the Dogecoin ETF (BWOW) further diversifies NYSE Arca's portfolio. Approved on November 26, the fund offers exposure to Dogecoin (DOGE) without direct token ownership, with assets custodied by Coinbase. BWOW's 0.34% management fee is waived for the first month on the initial $500 million in assets. The launch followed months of community demand, as noted by Bitwise CEO Hunter Horsley, who emphasized DOGE's cultural significance and its $22 billion market cap. However, the fund's risks mirror DOGE's volatility and it lacks the regulatory safeguards of traditional ETFs.

Grayscale's XRPZ ETF has shown promising inflows and market interest, making it a key contender in the altcoin ETF space. The Grayscale Dogecoin ETF (GDOG), which began trading on November 24, initially saw muted volumes compared to XRP and Solana ETFs. While Eric Balchunas of Bloomberg described the $1.4 million first-day trading volume as "solid," it fell short of expectations, reflecting the challenge of attracting liquidity for non-Bitcoin assets. This trend aligns with broader market dynamics, where altcoin ETFs face steeper hurdles in competing with Bitcoin's dominance.

Looking ahead, Grayscale's filing to convert its Zcash Trust into an ETF could mark another milestone. The proposed ZCSH ticker aims to provide regulated exposure to the privacy-focused cryptocurrency, though in-kind share creation remains unfeasible due to unresolved regulatory and procedural gaps. ZEC's recent 5% gain and 500% surge over two months underscore its appeal amid rising demand for privacy tokens.

NYSE Arca's expanding crypto ETF lineup underscores the exchange's role in bridging traditional finance and digital assets. However, market participants must closely monitor liquidity, tracking accuracy, and regulatory developments as these products mature. With over $58 million in first-day trading for XRP ETFs and $57 million for Solana's BSOL ETF earlier this year, the altcoin space remains a high-stakes frontier for institutional adoption.