XRP News Today: Grayscale Democratizes Altcoin Investing with XRP, DOGE ETFs on NYSE

Grayscale's XRP and DOGE ETFs Start Trading on NYSE Arca as Demand Accelerates

Grayscale Investments has expanded its digital asset offerings with the launch of two exchange-traded products (ETPs) on NYSE Arca: the Grayscale XRP Trust ETF (GXRP) and the Grayscale Dogecoin Trust ETF (GDOG). The moves mark a significant step in institutional adoption of altcoins, as demand for diversified crypto exposure grows amid evolving regulatory clarity. GXRP began trading on November 24, 2025, while GDOG followed as the first U.S. spot Dogecoin ETP under the Securities Act of 1933.

Both products operate as non-registered ETPs, meaning they are not subject to the Investment Company Act of 1940, a structure that reduces regulatory oversight but increases risk for investors. GXRP holds XRP directly, aiming to mirror its price performance minus expenses, while GDOG offers similar exposure to Dogecoin (DOGE). Grayscale highlighted that these ETPs provide investors with familiar brokerage access to digital assets, bypassing the complexities of self-custody.

To incentivize early adoption, Grayscale temporarily waived management fees for GXRP at 0% for the first three months or until $1 billion in assets under management, whichever comes first. A similar fee structure applies to GDOG. The strategy aligns with broader industry competition, as rivals like Bitwise and Franklin Templeton prepare to launch their own altcoin ETFs in the coming weeks.

Market reactions to the launches were mixed. While XRP saw $179.6 million in inflows last week amid outflows from Bitcoin and Ethereum ETFs, the token's price dipped to $2.08 following GXRP's debut, failing to gain immediate momentum. Analysts attributed the decline to technical trading pressures rather than ETF-related fundamentals, noting XRP's struggle to reclaim key resistance levels. Meanwhile, Dogecoin's price hovered near $0.145, reflecting its status as a liquid altcoin despite its origins as a "meme" asset.

The XRP Ledger (XRPL) reached a milestone of 4 billion processed transactions in 2025, underscoring its role in cross-border payments and decentralized finance (DeFi) applications. Grayscale emphasized that XRP's utility in transaction fees and liquidity provisioning positions it as a foundational asset for scalable global payments. However, risks remain pronounced: both GXRP and GDOG disclaim direct ownership of their underlying assets and caution investors about extreme volatility and potential total loss.

The ETF launches coincide with a surge in regulatory approvals for crypto products. NYSE Arca recently cleared multiple altcoin ETPs, including Franklin Templeton's XRP offering and Bitwise's DOGE product. Bloomberg Intelligence estimates that over 100 crypto ETFs could debut in the next six months, reflecting institutional confidence in digital assets as regulators carve clearer pathways for compliance.

Krista Lynch, Grayscale's Senior Vice President of ETF Capital Markets, described the GXRP and GDOG listings as "meaningful steps" in democratizing access to the XRP and Dogecoin ecosystems. With Grayscale managing $35 billion in digital assets, the firm's expansion into altcoins signals a strategic shift toward broader market participation.