XRP News Today: Grayscale's Altcoin ETFs Bridge Traditional Finance and Crypto Markets

Grayscale Investments is set to revolutionize altcoin investing in the U.S. with the simultaneous launch of its Dogecoin and XRP exchange-traded funds (ETFs) on November 24, 2025, marking the first time two major non-Bitcoin ETFs will debut together in the regulated market. The New York Stock Exchange Arca has approved the Grayscale XRP Trust ETF (GXRP) and Grayscale Dogecoin Trust ETF (GDOG), which will trade with a 0.35% management fee and offer investors direct exposure to the tokens through traditional brokerage accounts according to Coindesk. This expansion builds on Grayscale's dominance in Bitcoin and Ethereum products and underscores growing institutional confidence in altcoins as reported by CoinPaper.

The ETFs convert existing private trusts into publicly traded vehicles, simplifying access for both retail and institutional investors. By eliminating the need for crypto wallets or exchanges, the products lower barriers to entry, enabling participation in retirement portfolios and conventional investment platforms. Grayscale, which oversees $35 billion in assets, has also filed for an initial public offering (IPO) to list its shares on the NYSE, signaling broader ambitions to become a publicly traded crypto asset manager.

Market activity has surged ahead of the launch, with Dogecoin derivatives volume rising 30% to $7.22 billion and XRP derivatives surging 51% to $12.74 billion, according to CoinGlass data. However, price volatility has intensified, with Dogecoin trading at $0.1364 - a 1.18% decline in 24 hours - while XRP fluctuated between $1.85 and $1.90 as reported by CoinPaper. Analysts note that while ETF approval doesn't guarantee price gains, it opens the door for new capital flows from investors previously deterred by the technical complexities of crypto custody.

The launches follow a broader trend of altcoin ETF proliferation. Bitwise's XRP ETF debuted earlier this week, and Franklin Templeton plans to launch its Dogecoin ETF next week according to Coindesk. Bitwise's Solana ETF (BSOL), which hit $400 million in assets under management, has already demonstrated strong institutional appetite for non-Bitcoin crypto products. Grayscale's entry into the space could further accelerate mainstream adoption, particularly as the XRP Ledger approaches its 14th anniversary and Dogecoin transitions from a meme coin to a top-volume asset as noted in market analysis.

Despite the optimism, questions linger about demand dynamics. Early trading activity - measured by volume and bid-ask spreads - will be critical indicators of investor appetite. Bloomberg analyst Eric Balchunas highlighted that Grayscale's Chainlink ETF could follow soon, suggesting the firm is poised to expand its altcoin lineup. For now, the GDOG and GXRP ETFs represent a pivotal step in bridging the gap between traditional finance and the rapidly evolving crypto market.