$GDOG — Grayscale Spot ETFs for DOGE & XRP Approved by NYSE
The New York Stock Exchange (NYSE) has officially approved Grayscale’s spot ETFs for Dogecoin (DOGE) and Ripple (XRP), set to launch on November 25, 2025, on the NYSE Arca platform. This is the first time in the U.S. that two major altcoin ETFs are launched simultaneously, marking a milestone for crypto investment in traditional markets.
📊 Core Product Information
Trading Codes & Fees: GDOG (Dogecoin Trust ETF) & GXRP (Ripple Trust ETF) — annual management fee 0.35%
Custody: Coinbase Custody
Investment Method: Shares available via standard brokerage accounts — no crypto wallets required
🔥 Market Background
Ripple (XRP) ETFs: Following Canary Capital’s first spot XRP ETF ($250M raised on day one), other institutions like Bitwise, 21Shares, CoinShares, and Franklin Templeton have launched similar products.
Dogecoin (DOGE) ETFs: Grayscale’s DOGE ETF is the second DOGE ETF in the U.S.
Derivatives Activity: Ahead of the listing, DOGE derivatives volume rose 30% to $7.22B, while XRP derivatives surged 51% to $12.74B, highlighting growing market attention.
🔍 Outlook
Regulatory shifts are accelerating crypto ETF approvals. Bloomberg analyst Eric Balchunas suggests Grayscale’s Chainlink (LINK) ETF may be approved in the coming weeks, signaling further expansion of crypto ETFs.
