Dogecoin and XRP Just Hit Wall Street: Grayscale’s Dual ETF Set to Shake Markets

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<a href="https://pricpr.com/doge-usd/">DOGE</a> and <a href="https://pricpr.com/xrp-usd/">XRP</a> Make History as Grayscale Launches Dual ETF Listing on NYSE

Key Takeaways

  • Grayscale’s spot Dogecoin and XRP ETFs will begin trading on the New York Stock Exchange on November 24
  • The launches allow investors to gain exposure to DOGE and XRP without directly holding the tokens
  • Futures and derivatives activity indicates that traders are preparing aggressively ahead of the first trading session 

Two investments previously considered risky are now poised to become part of mainstream global finance.

Starting November 24th, Dogecoin and XRP will be available for trade on the New York Stock Exchange through new exchange-traded funds (ETFs) managed by Grayscale. This marks the first time regular investors can easily access the price of these cryptocurrencies by buying shares in these regulated ETFs, instead of needing to directly own Dogecoin or XRP.

A Regulatory Approval That Surfaced Quietly

The approval wasn’t announced with a big event. Instead, it was revealed in a formal document submitted to the U.S. Securities and Exchange Commission, which showed the NYSE had given its authorization.

News about potential new exchange-traded funds (ETFs) started gaining traction after Bloomberg ETF analyst Eric Balchunas shared an update on X (formerly Twitter). He indicated that ETFs for both Dogecoin (GDOG) and XRP would be launched simultaneously, and that a Chainlink ETF could be released about a week after that.

The Grayscale Dogecoin ETF has been approved to start trading on the New York Stock Exchange (NYSE) this Monday. The XRP spot market will also launch on Monday, and another product is expected to follow shortly, likely the week after.

— Eric Balchunas (@EricBalchunas)

Wall Street Exposure Without Crypto Onboarding

These new listings are significant because they make it much easier for investors to buy and hold DOGE and XRP. Previously, investing in these cryptocurrencies involved dealing with complex exchanges, secure storage solutions, and managing digital wallets.

ETFs simplify investing by making these assets available through standard investment accounts like brokerage accounts and retirement plans. This change allows a wider range of investors – those who haven’t typically participated in the often-risky world of altcoins – to gain access.

Traders Are Positioning Before the Opening Bell

Trading activity suggests growing interest in Dogecoin. Its volume has increased significantly, with the price fluctuating between around $0.134 and $0.14, likely due to speculation about the upcoming ETF launch.

XRP has seen significant price swings recently, jumping from about $1.85 to around $1.96 as traders using leverage try to guess how the upcoming launch will affect its value. This kind of activity often happens before a big increase in trading volume caused by new ETFs.

A Landmark Moment for Altcoins

It’s unusual for two different altcoin ETFs to start trading on the same day in the U.S. If people invest as much as expected, November 24th could prove that crypto ETFs aren’t just limited to Bitcoin and Ethereum, with Dogecoin and XRP leading the way. Grayscale seems ready to benefit from this growing interest, as their recent filing for a U.S. IPO suggests they plan to offer a much wider range of investment products in the future.

This article is for informational purposes only and shouldn’t be considered financial, investment, or trading advice. Coindoo.com doesn’t recommend any particular investment or cryptocurrency. Before making any investment decisions, please do your own research and talk to a qualified financial advisor.

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2025-11-22 08:26