Overview
- Certification letters dated Nov. 21 confirm NYSE Arca’s approval to list Grayscale’s GXRP and GDOG, with trading expected Monday per analyst Eric Balchunas.
- Both products are structured as spot exchange‑traded products that hold XRP and dogecoin directly.
- Grayscale’s XRP vehicle originated as a closed‑end trust and was later filed with the SEC for conversion to an ETF.
- Grayscale has filed for an IPO to list its Class A shares on the NYSE, extending its corporate push beyond fund launches.
- Competition is intensifying as Bitwise launched an XRP ETF earlier this week, and reports indicate Franklin Templeton is expected to debut a dogecoin fund next week.