Grayscale is expanding its footprint in the crypto investment space with the launch of two new exchange-traded products — Grayscale Dogecoin Trust ETF (GDOG) and Grayscale XRP Trust ETF (GXRP). Both funds are scheduled to begin trading on NYSE Arca on Monday, giving U.S. investors regulated, simplified access to Dogecoin and XRP through public markets for the first time. The ETFs are structured as spot products, each backed directly by its underlying digital asset, offering a more transparent and secure investment approach compared to derivatives-based alternatives.
Dogecoin, originally created as a meme token, has evolved into one of the most actively traded cryptocurrencies by global volume. Its inclusion in a spot ETF highlights its growing relevance among retail and institutional investors. Meanwhile, GXRP arrives at a significant milestone for the XRP Ledger (XRPL), a blockchain designed to facilitate fast, low-cost cross-border payments. Now nearing fourteen years since launch, the XRPL has processed more than 4 billion transactions, reflecting its long-standing utility and adoption.
Both GDOG and GXRP were previously available only through private placements. Their transition to publicly traded ETFs broadens access and adds to Grayscale’s expanding lineup of more than 40 crypto investment products. The move also comes amid a surge of interest in altcoin ETFs across the broader market. Franklin Templeton is preparing to debut its own Dogecoin ETF next week, while Bitwise recently launched an XRP ETF and previously introduced its Solana ETF (BSOL), which has already attracted over $400 million in inflows. This rising demand underscores a growing institutional appetite for diversified crypto exposure beyond Bitcoin.
Grayscale’s latest offerings further signal the mainstreaming of digital assets and reinforce the accelerating trend of traditional financial institutions embracing the crypto economy.
