Grayscale Launches DOGE and XRP ETFs on NYSE Arca
- Grayscale’s ETFs for Dogecoin (GDOG) and XRP (GXRP) will begin trading on NYSE Arca on Monday.
- The Grayscale Dogecoin Trust ETF (GDOG) provides access to Dogecoin, priced at $0.1408.
- The Grayscale XRP Trust ETF (GXRP) comes as the XRP Ledger approaches its fourteenth anniversary, having processed over four billion transactions.
- Both ETFs were previously available as private placements before their public launch.
- Grayscale now offers over forty crypto-related investment products following this launch.
The introduction of GDOG and GXRP marks a significant step in making altcoins accessible through regulated markets, reflecting growing institutional interest in cryptocurrencies beyond Bitcoin.
With the debut of these ETFs, Grayscale expands its offerings significantly, including products like Bitwise’s Solana ETF that has already drawn over $400 million in inflows this year. (Source)
