XRP News Today: Grayscale's Altcoin ETFs Push Forward as Crypto Market Struggles

The New York Stock Exchange has approved the listing of Grayscale's XRP and Dogecoin exchange-traded funds (ETFs), marking a pivotal expansion of cryptocurrency exposure in traditional markets. According to reports, the ETFs, which convert long-standing private trusts into publicly traded vehicles, are set to debut on NYSE Arca, the exchange's ETF-focused subsidiary, on November 24, 2025. This move follows a surge in altcoin ETF approvals in the U.S., with Grayscale now offering products tied to Bitcoin, Ethereum, Dogecoin, Solana, and XRP as per the latest analysis.

Grayscale's XRP Trust, rebranded as the Grayscale XRP Trust ETF (ticker: GXRP), will trade on NYSE Arca under the new name and symbol, effective November 24 according to company announcements. The firm, which manages over $35 billion in assets, has transitioned its XRP Trust from a private offering to a publicly accessible ETF format, aligning with recent regulatory clarity from the SEC. This shift mirrors broader industry efforts to bridge traditional finance and crypto markets, with other firms like Bitwise and Franklin Templeton also launching or planning XRP and Dogecoin ETFs as reported.

The approvals come amid a turbulent period for crypto ETFs. U.S. spot Bitcoin ETFs have seen nearly $4 billion in outflows in November 2025, with BlackRock's IBIT fund alone logging $2.47 billion in redemptions - the largest single-month outflow in history. Analysts warn that continued withdrawals could exacerbate downward pressure on Bitcoin, which has fallen to $85,000, nearing a seven-month low. Ethereum and altcoins like XRP have also faced selling pressure, though XRP-specific ETFs have shown resilience, with the Canary XRP ETF attracting $277.82 million in net assets as of November 18.

Despite the broader market selloff, Grayscale's XRP and Dogecoin ETFs represent a strategic bet on institutional demand for altcoin exposure. XRP, the fourth-largest cryptocurrency by market cap, trades at $2.12, while Dogecoin, the largest memecoin, remains popular among retail investors as reported. The approval of physical XRP and Dogecoin ETFs - unlike futures-based products - signals growing acceptance of crypto assets in traditional portfolios. However, challenges persist: XRP's derivatives market has seen open interest decline to $3.57 billion, reflecting weak retail demand.

The launch of Grayscale's ETFs coincides with regulatory milestones. Ripple's 2023 legal victory over the SEC cleared the path for XRP products, while the SEC's September 2025 guidance allowed issuers to list ETFs without explicit approval by meeting exchange standards. Franklin Templeton's planned EZRP Dogecoin ETF, expected to launch soon, further underscores the competitive landscape. Meanwhile, Ethereum faces macroeconomic headwinds, with spot ETF inflows slowing and leverage in futures markets unwinding as indicated in recent analysis.

As the crypto market navigates this volatile phase, Grayscale's ETFs could attract both retail and institutional investors seeking diversified crypto exposure. Yet, the sector's near-term trajectory remains uncertain, with analysts cautioning that ETF outflows and macroeconomic risks may prolong the downturn. The coming weeks will test whether these new ETFs can stabilize or reverse the trend.