coindesk.com
Grayscale’s two new crypto exchange-traded funds (ETFs) will go live on NYSE Arca on Monday, offering U.S. investors simplified access to DOGE$0.1400 and $XRP for the first time through regulated public markets.
The Grayscale Dogecoin Trust ETF (GDOG) and Grayscale $XRP Trust ETF (GXRP) are each structured as spot ETPs that hold their respective underlying assets.
Dogecoin, once viewed mainly as a joke cryptocurrency, has become one of the most actively traded digital assets by volume.
Meanwhile, the launch of GXRP comes as the $XRP Ledger (XRPL), a blockchain tailored for cross-border payments, nears its fourteenth year. The ledger has processed over 4 billion transactions since its inception.
GXRP and GDOG were initially available as private placements before going public on NYSE Arca. Their debut adds to Grayscale’s growing suite of crypto-related investment products, which now span over 40 offerings.
Grayscale’s launches follow a wave of new altcoin ETFs. Franklin Templeton is expected to launch its own Dogecoin ETF next week, while Bitwise’s $XRP ETF went live earlier this week. Bitwise’s Solana ETF (BSOL), which debuted earlier this year, has already attracted over $400 million in inflows, reflecting growing institutional interest in non-Bitcoin crypto assets.