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2w ago

Grayscale’s Dogecoin and XRP Spot ETFs Cleared to Start Trading on NYSE Arca Monday

The conversions move the assets from private placements into exchange-traded products that hold the tokens directly.

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Overview

  • NYSE Arca issued certification letters on Nov. 21 approving listings for Grayscale’s GDOG and GXRP, with trading scheduled for Nov. 24.
  • The funds are structured as spot ETPs that hold Dogecoin and XRP and were converted from private-placement trusts.
  • Shares will trade under the tickers GDOG and GXRP, with a reported 0.35% management fee.
  • Pre-launch positioning intensified, with Dogecoin derivatives volume up about 30% to $7.22 billion and XRP up about 51% to $12.74 billion, according to CoinGlass.
  • The launches extend a competitive push in altcoin ETFs, following Bitwise’s new XRP fund and REX-Osprey’s Dogecoin product, with Franklin Templeton preparing a DOGE offering.