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Dogecoin and XRP News
NYSE Arca has approved the listing of Grayscale's Dogecoin and XRP exchange-traded funds. Both products are scheduled to begin trading on Monday following the exchange's certification with the Securities and Exchange Commission.
The NYSE filed approval documents on Friday for the Grayscale XRP Trust ETF and the Grayscale Dogecoin Trust ETF. Bloomberg senior ETF analyst Eric Balchunas confirmed the approvals and noted that Grayscale's Chainlink fund will follow within the next week.
The exchange listing represents the final regulatory step needed for Grayscale's spot Dogecoin ETF to launch. The product converts Grayscale's existing trust into an ETF structure that tracks DOGE price movements in the market.

Balchunas projected that first-day trading volume for the Dogecoin ETF will reach approximately $11 million. The estimate reflects typical initial trading patterns for newly launched cryptocurrency exchange-traded products in the current market environment.
Grayscale's XRP ETF will compete directly with Franklin Templeton's product, launching simultaneously on Monday. WisdomTree also has an XRP ETF awaiting launch, adding to the growing roster of funds tracking the cryptocurrency.

Canary Capital's XRPC became the first spot XRP ETF in the United States when it launched on Nov. 13. The fund attracted over $250 million in inflows during its initial trading session, demonstrating strong investor demand.
Additional #XRP ETFs from Bitwise, 21Shares and CoinShares have also launched this month. The surge of competing products followed the end of the U.S. government shutdown and reduced SEC scrutiny of cryptocurrency ETF applications.

Despite #ETFs typically supporting underlying asset prices, XRP has fallen approximately 18% since early November. The decline continues even as multiple fund launches theoretically increase accessibility and demand for the token.
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Bitcoin (BTC) has experienced a significant correction, falling below the $100,000 level and leading to a reduction of over $1 trillion in the total crypto market capitalization. This pullback is largely attributed to a market-wide deleveraging event, even as fundamental indicators like institutional accumulation remain strong.
Price Action & Leverage: BTC declined over 20% from its all-time high, breaching the key $100,000 support level. The downturn was primarily driven by the unwinding of record-high leverage, which amplified the sell-off and led to billions in liquidations.Institutional Accumulation Continues: Despite the price drop, fundamental demand persists. Bitcoin ETFs have recorded substantial inflows, accumulating nearly 50,000 BTC over the past 30 days, indicating continued institutional buying.Key Technical Levels: Analysts identify the next major support near $99,000, while a recovery faces resistance between $111,000 and $113,000. A break above this zone could pave the way for a retest of previous highs.Analyst Outlook: Many analysts view this as a healthy correction within a broader bull market, noting that the institutional bid provides a strong foundation that differs significantly from previous crypto cycles. Widespread panic or a deep bear market is considered unlikely.
Market corrections are a natural part of market cycles and help to reset over-leveraged conditions. The long-term fundamentals for Bitcoin and digital assets remain robust.
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