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4h ago

NYSE Arca Clears Grayscale’s Dogecoin and XRP Spot ETFs to Begin Trading Monday

Each spot ETP charges 0.35% to widen regulated access to altcoins.

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Grayscale XRP and Dogecoin ETFs set to debut on NYSE on Monday
Grayscale to debut dogecoin etf monday as doge enters a new regulated trading lane

Overview

  • NYSE Arca issued Nov. 21 certifications for GDOG and GXRP, with trading scheduled for Nov. 24 according to Bloomberg’s Eric Balchunas.
  • Both funds are spot exchange-traded products that hold DOGE or XRP after converting from private placements.
  • Filings indicate a 0.35% annual management fee for each ETF.
  • Pre-listing activity has jumped, with CoinGlass reporting Dogecoin derivatives volume up over 30% to $7.22 billion and XRP up 51% to $12.74 billion.
  • Issuer competition is intensifying, as Bitwise launched an XRP ETF this week, Franklin Templeton plans a Dogecoin ETF next week, and Grayscale has filed for a U.S. IPO.