The New York Stock Exchange (NYSE) has certified the listings for Grayscale’s Dogecoin ($DOGE) and XRP ($XRP) exchange-traded funds (ETFs), allowing both products to launch on Monday.
Key Details of the Approval:
- Approving Body: NYSE Arca, a subsidiary of the NYSE Group, certified the listing and registration for the Grayscale XRP Trust ETF Shares and the Grayscale Dogecoin Trust ETF Shares on Friday.
- Conversion: Both ETFs are conversions of Grayscale's existing private placement products.
- Addition to Grayscale's Roster: These new offerings expand Grayscale’s lineup, which already includes ETFs tracking Bitcoin, Ethereum, and Solana.
- Market Significance:The new ETFs focus on two highly prominent cryptocurrencies:
- Dogecoin: The original and largest memecoin.
- XRP: Currently the fourth-largest cryptocurrency by market capitalization.
Context: The Altcoin ETF Wave
This approval is part of a broader trend of crypto ETF listings over the past year, which has increasingly included altcoins.
- Regulatory Pathway: Recent altcoin ETFs (tracking assets like Litecoin, HBAR, XRP, and SOL) were approved using specific listing standards and guidance released by the Securities and Exchange Commission (SEC). This guidance clarified procedures for firms to list publicly without requiring the SEC's explicit approval.
- Dogecoin ETF Landscape: The Grayscale Dogecoin ETF will be the second to launch in the U.S., following the debut of a DOGE product by REX Shares and Osprey Funds in September, which used a different regulatory framework (the Investment Company Act of 1940).
November 2025, Cryptoniteuae