Launch Date for XRP ETF Revealed as Grayscale Wins NYSE Approval

XRP is set to take center stage on Wall Street after the New York Stock Exchange approved the listing of Grayscale’s XRP exchange-traded fund, paving the way for trading to begin on Monday. The clearance marks one of the most significant steps yet in bringing regulated XRP exposure to U.S. investors, as both NYSE Arca and the SEC signed off on the launch.

XRP ETF Goes Live as Grayscale Expands Its Regulated Lineup

NYSE Arca filed its certification with the SEC, confirming approval to list the Grayscale XRP Trust ETF (GXRP). The SEC had already authorized the product on November 21, clearing it to begin trading through Grayscale’s regulated trust framework. GXRP will carry a 0.35% management fee and will operate as a spot ETF holding actual XRP in custody.

The structure delivers direct price exposure while removing long-standing barriers for traditional investors. Brokerage accounts and retirement platforms can now access XRP without wallets, exchanges, or specialized crypto custody. The shift comes as Grayscale accelerates its conversion strategy, having already transitioned its Bitcoin and Ethereum products and now preparing for a U.S. IPO to list its Class A shares on the NYSE.

Dogecoin ETF Joins the Market as Trading Begins

Dogecoin follows closely behind, with the NYSE also approving Grayscale’s Dogecoin ETF (GDOG) for trading on Monday. The SEC granted its authorization on the same day as GXRP, allowing both products to enter the market nearly simultaneously.

GDOG mirrors the XRP fund in structure, offering spot exposure backed by actual DOGE held in custody. Investors can trade the fund through traditional financial accounts, making Dogecoin accessible to market participants who previously avoided handling digital assets directly.

In a post on X, Bloomberg ETF analyst Eric Balchunas anticipates strong early participation, projecting that GDOG could generate multimillion-dollar trading volume on its first day. He initially estimated around $11 million, noting rising enthusiasm for altcoin-focused ETFs.

Altcoin Adoption Accelerates as New Approvals Approach

The dual launch arrives during a period of heightened ETF activity. Both the NYSE and the SEC have approved multiple altcoin products in November, signaling a shift toward broader access to crypto-based financial instruments.

Last week, Canary Capital reported a record-setting debut for its own XRP ETF, highlighting $59 million in first-day trading volume and roughly $250 million in assets under management by the close of the session. Furthermore, Balchunas indicated that Grayscale’s Chainlink ETF could be next in line, with a potential launch within the week.