The crypto market is gaining significant traction after the New York Stock Exchange officially approved the listing of Grayscale’s Dogecoin (GDOG) and XRP (GXRP) exchange-traded funds. Both ETFs will begin trading on Monday, offering U.S. investors direct and regulated exposure to two of the most widely followed digital assets. Bloomberg analyst Eric Balchunas also noted that Grayscale’s Chainlink ETF (GLNK) is expected to receive approval next week, further expanding the firm’s crypto ETF lineup.
Grayscale’s Dogecoin ETF Conversion Sparks Investor Interest
Grayscale is converting its long-standing Dogecoin Trust into a fully tradable ETF designed to track the spot price of DOGE. Market analysts anticipate the Dogecoin ETF could reach approximately $11 million in trading volume on its first day, reflecting strong retail and institutional curiosity. The move marks a significant step for Dogecoin, transitioning from a meme-coin narrative to a more established asset within regulated markets.
XRP ETFs Gain Momentum as Institutional Demand Rises
XRP is also entering the spotlight as Grayscale launches its GXRP fund alongside several competitors. This surge follows the SEC’s softened stance on crypto listings, which has paved the way for multiple XRP-focused ETFs. Canary Capital’s XRPC made headlines after attracting more than $250 million on launch day. Other financial giants—including Franklin Templeton, WisdomTree, Bitwise, 21Shares, and CoinShares—have introduced their own XRP products, signaling rapid institutional adoption and increasing confidence in the broader digital-asset ecosystem.
These developments underscore a shifting market landscape where regulated crypto investment products are becoming mainstream, offering investors more ways to gain exposure while boosting the legitimacy and growth of the digital-asset sector.
