Grayscale Set to Launch America’s First DOGE and XRP ETFs

Grayscale is about to expand the U.S. crypto ETF landscape once again, confirming that its new Dogecoin and XRP spot ETFs will officially list on NYSE Arca this Monday.

The launch marks the first time American investors will gain regulated, exchange-traded exposure to either asset through a straightforward spot product.

DOGE and XRP Enter the ETF Era

The two funds – Grayscale Dogecoin Trust ETF (GDOG) and Grayscale XRP Trust ETF (GXRP) – will each hold the underlying asset directly, giving investors pure spot exposure without futures contracts or synthetic structures. Both products have existed as private placements for institutional clients, but Monday’s listing opens the door for retail and advisory platforms to access them through public markets.

Dogecoin’s inclusion is particularly notable. Once dismissed as a meme token, it now consistently ranks among the most heavily traded cryptocurrencies. Its high liquidity and active derivatives market made it a natural candidate for ETF packaging.

GXRP arrives at a time when the XRP Ledger, the payments-focused blockchain powering the asset, is approaching its 14-year milestone. Over 4 billion transactions have been processed on XRPL since its launch, highlighting its longevity and continued usage despite years of regulatory friction in the U.S.

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Part of a Wider Altcoin ETF Wave

Grayscale’s arrivals are landing amid a rapid expansion of altcoin-themed ETFs. Bitwise’s XRP ETF went live earlier this week, while its Solana ETF (BSOL) has already crossed $400 million in inflows since launch — a signal that institutions are diversifying beyond Bitcoin and Ethereum.

Meanwhile, Franklin Templeton is set to introduce its own Dogecoin ETF in the coming days, intensifying competition among issuers looking to capture the next wave of crypto inflows.

With more than 40 crypto investment products already under its belt, Grayscale is pushing further into the multi-asset ETF category, positioning DOGE and XRP as the next frontier for regulated U.S. crypto exposure.