XRP News Update: Alternative Coin ETFs Launch as Grayscale Broadens Its Reach Past Bitcoin

The New York Stock Exchange has received final regulatory approval for Grayscale Investments’

and exchange-traded funds (ETFs), paving the way for their launch on Monday, November 24. These green lights, , a branch of the NYSE, come after filings with the Securities and Exchange Commission (SEC) and represent a major step forward in expanding crypto ETF options beyond and . The Grayscale Dogecoin Trust ETF (GDOG) and XRP Trust ETF (GXRP) will transition the company’s private trusts into publicly traded vehicles, easier access to the ninth- and fourth-largest cryptocurrencies by market cap.

The debut of these ETFs comes amid a wave of altcoin ETF approvals, spurred by clearer regulatory guidance from the SEC. Under the agency’s September 2025 policy,

for products that meet certain listing requirements, speeding up the approval timeline. This policy shift has allowed firms such as Bitwise, Canary Capital, and Franklin Templeton to rapidly introduce XRP ETFs in recent weeks. that XRP’s value has dropped about 18% since the beginning of November.

Grayscale’s Dogecoin ETF, which has a 0.35% management fee, is set to benefit from the asset’s strong popularity among retail investors.

estimated that GDOG could see $11 million in trading volume on its first day, pointing to the coin’s widespread appeal and liquidity. The move to an ETF structure for Dogecoin follows Grayscale’s previous conversions of its Bitcoin and Ethereum trusts, a strategy that has historically attracted significant capital . At the same time, competition in the XRP ETF space is heating up, its own offerings on the same day as Grayscale’s launch. Franklin’s XRP ETF, which will not charge management fees until mid-2026, is targeting institutional clients through Coinbase custody and a distribution network spanning 13,000 advisory firms.

The broader crypto ETF sector, however, is facing challenges. U.S. spot Bitcoin ETFs have experienced nearly $4 billion in outflows over the past month, with BlackRock’s IBIT and Grayscale’s GBTC each losing hundreds of millions within a week.

could push Bitcoin’s price down to $82,000 by year’s end, increasing volatility in the market. Despite these obstacles, the surge in altcoin ETFs signals rising institutional trust in crypto’s value beyond mere speculation. in total XRP ETF inflows over the coming year.

The November 24 rollout marks a significant milestone for both Grayscale and the digital asset industry. By connecting traditional finance with cryptocurrencies, these ETFs could transform liquidity for altcoins and set the stage for further innovation. However, their long-term success will depend on continued investor interest and overall market stability as regulatory and economic factors continue to influence the sector.