Grayscale Lists Dogecoin and XRP Spot ETFs on NYSE Arca

Grayscale Investments plans to list spot ETFs for Dogecoin and XRP on the NYSE Arca on November 24, 2025. This allows investors to purchase these cryptocurrencies through regular brokerages.

The funds will trade under the tickers GDOG for Dogecoin and GXRP for XRP.
The ETFs have received approval from the US Securities and Exchange Commission.
This listing converts Grayscale's existing private-placement trusts into publicly traded products.

Market activity has increased ahead of the launch:

Dogecoin derivatives volume rose by over 30%, reaching approximately $7.22 billion.
XRP derivatives surged by about 51% to around $12.74 billion.

The introduction of spot ETFs could influence liquidity in both tokens and their markets, especially as it opens access to brokers, retirement plans, and funds that typically avoid direct crypto custody. However, the broader crypto market is experiencing a downturn.

Investor interest will depend on product fees, custody details, and the conversion process of trusts to ETF shares. Initial trading days will be closely watched for indicators such as high volume and tight spreads, suggesting strong demand.