Grayscale’s XRP and Dogecoin ETFs Set to Launch on NYSE

NEW YORK, Nov. 23, 2025 – Grayscale’s exchange-traded funds (ETFs) for XRP and Dogecoin will start trading on the New York Stock Exchange tomorrow, following approval from the U.S. Securities and Exchange Commission (SEC) on November 21.

Eric Balchunas, a senior ETF analyst at Bloomberg, stated on X that the Dogecoin ETF could see transaction volumes soaring to $11 million by November 24. He also hinted that SEC approval for the Grayscale Chainlink Trust might follow in the coming week.

Both the NYSE and SEC have been increasingly supportive of new cryptocurrency products, with November seeing the introduction of multiple altcoin ETFs. Last week, Canary Capital announced record-setting trading volumes for its own XRP ETF, which reportedly debuted with $59 million on its first day.

Canary Capital indicated that its XRP ETF ended the session with nearly $250 million in assets under management. Notably, Grayscale’s Dogecoin ETF will not be the first of its kind in the U.S.; in September, REX Shares and Osprey Funds received approval for their own offering.

This earlier Dogecoin ETF launched under the 1940 Investment Company Act, allowing it to go public without waiting for SEC-specific approval.

Founded in 2013, Grayscale has introduced numerous crypto trusts and ETFs, previously including Bitcoin and Ethereum. Traders are eager to see how the new Dogecoin and XRP products perform amid recent fluctuations in the crypto market, including significant drops in Bitcoin prices.

Investors experienced a setback recently, as the BlackRock iShares Bitcoin Trust faced challenges when the wider market sunk to a nine-month low on November 20.