The New York Stock Exchange has approved the listing of Grayscale's Dogecoin and Ripple exchange-traded funds (ETFs), paving the way for the launch of the two products on Monday.
The NYSE's subsidiary, NYSE Arca, submitted a filing to the U.S. Securities and Exchange Commission on Friday to certify its approval for the listing and registration of the Grayscale Ripple Trust ETF (GXRP) and the Grayscale Dogecoin Trust ETF (GDOG).
Bloomberg senior ETF analyst Eric Balchunas posted on X on Sunday about the NYSE's approval, stating that Grayscale's Chainlink-related ETF will follow in the next week or two.
"Grayscale's Dogecoin ETF $GDOG has been approved for listing by the NYSE and is set to begin trading on Monday. Their Ripple spot ETF will also launch on Monday," he said. "$GLNK is also coming soon, I think next week."
The NYSE's signing constitutes the final approval needed for the launch of Grayscale's spot Dogecoin ETF, which is one of many ETFs related to highly speculative cryptocurrencies that asset management companies have rolled out in recent weeks.
The Grayscale Dogecoin ETF is a conversion of the company's existing trust into an ETF that tracks the price of Dogecoin. Balchunas expects the ETF's first-day trading volume to be around 11 million.
Grayscale's Ripple ETF is expected to launch alongside a competing product from Franklin Templeton, while WisdomTree's Ripple ETF is also awaiting launch.
Canary Capital's ETF (XRPC) will launch on November 13, becoming the first spot Ripple ETF in the U.S. The fund had a strong start, attracting over $250 million in inflows on its first trading day.
Meanwhile, Bitwise, 21Shares, and CoinShares have also launched Ripple ETFs this month. Following the end of the U.S. government shutdown and the U.S. Securities and Exchange Commission's easing of scrutiny on crypto ETFs, competitors have flooded the market.
Although ETFs typically have a positive effect on the underlying assets, data from CoinGecko shows that Ripple has fallen about 18% since early November.
Related: Bitwise Chief Investment Officer: Rising value capture of crypto tokens may drive market rebound in 2026
Original article: “NYSE Approves Grayscale Dogecoin (DOGE) and Ripple (XRP) ETFs, Allowing Them to List on Monday”
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