- Dogecoin and XRP ETFs begin NYSE trading Monday, marking a rare dual altcoin launch in the U.S. market.
- Derivatives activity surged ahead of launch, with DOGE volume up 30% and XRP volume up 51%.
- Multiple issuers expand XRP offerings as Bitwise and 21Shares join Grayscale in new ETF rollouts.
Strong attention turned to the ETF market as Grayscale confirmed new launch dates for two major altcoin products. The Dogecoin ETF and the XRP ETF will both start trading on the New York Stock Exchange on Monday, creating a busy session for digital asset funds.
Dogecoin and XRP ETFs Enter NYSE in a Major Dual Launch
Eric Balchunas shared the update on X and confirmed the approval from the exchange. He said the Grayscale Dogecoin ETF, traded as GDOG, will enter the first trading session on Monday. He also stated that the firm’s XRP spot ETF will open on the same day and will join a growing group of altcoin ETFs.
Balchunas added that the Chainlink trust, known as GLNK, could follow about one week later. This marks a steady expansion of Grayscale’s exchange-traded lineup. The news also comes during a busy period for issuers preparing new altcoin products for public trading.
Canary moved its own plans forward after removing the SEC delay clause for its XRP ETF. The combined timing creates a rare moment where two major altcoins enter the U.S. ETF market together. Both communities maintain large user bases and active trading volumes, which may support early interest.
Rising Derivatives Activity Shows Strong Market Readiness
Market data recorded sharp growth in activity before the launch. CoinGlass reported a more than 30% rise in Dogecoin derivatives volume, which moved to $7.22 billion. TradingView charts showed a fall near $0.134 early in the session before a recovery toward the $0.14 area.
XRP also showed a strong rise in trading activity. CoinGlass reported a 51 percent jump in derivatives volume, which reached $12.74 billion. TradingView charts recorded a move to $1.85 before a steady climb back toward $1.96 during the same session.
Other issuers advanced their own XRP products during the week. Bitwise launched its XRP ETF on the NYSE and reported strong first-day volume. 21Shares gained approval for its XRP ETF and will list the fund under the ticker TOXR on Cboe BZX as part of its expansion strategy.
