- GDOG begins NYSE trading as Grayscale converts its Dogecoin trust into a regulated ETF product.
- XRP ETF activity grows as GXRP launches alongside strong inflows from recent XRPC and Bitwise products.
- More issuers prepare DOGE and XRP ETFs as SEC reviews resume and new listings await approval.
Grayscale’s Dogecoin Trust ETF, traded as GDOG, begins trading today on the New York Stock Exchange. The ETF gives investors direct exposure to DOGE through a regulated structure and completes its listing process after receiving exchange approval last week.
NYSE Approval and Product Launch Details
NYSE Arca filed its certification with the SEC confirming approval for the Grayscale Dogecoin and XRP ETFs. Bloomberg analyst Eric Balchunas shared the documents and stated, “Grayscale Dogecoin ETF $GDOG approved for listing on NYSE, scheduled to begin trading Monday.” He also noted that the XRP ETF, known as GXRP, will launch today, with the Chainlink-based GLNK fund expected next week.
GDOG converts Grayscale’s existing Dogecoin trust into an exchange-traded product that tracks the price of DOGE. The structure allows the firm to use Dogecoin reserves and offer regulated exposure without the need for wallet management. Balchunas projected first-day volume for GDOG near $11 million based on recent activity in new crypto ETFs.
GXRP enters the market the same day. The Bitwise XRP ETF recorded about $22 million in early trading during its launch last week. Bloomberg analyst James Seyffart observed that a large share of this trading occurred before the halfway point of the session.
XRP ETF Expansion and Market Activity Across Issuers
The XRP ETF market continues to expand as more issuers bring new products to trading platforms. Canary Capital’s XRPC fund arrived earlier this month and drew over $250 million in inflows on its first day. This rapid activity brought increased attention to the sector as additional issuers followed.
Bitwise, 21Shares, and CoinShares have also launched XRP ETFs during recent sessions. Their entries came shortly after the SEC resumed crypto ETF reviews following the end of the government shutdown.
This has created an active environment for new filings and approvals. 21Shares updated details for its own DOGE ETF last month. The firm continues to wait for an SEC decision as it prepares for a planned Nasdaq listing.
