Dogecoin Goes Wall Street: Grayscale Confirms Nov. | Crypto News
Grayscale Investments will listing spot ETFs for Dogecoin and XRP on the NYSE Arca on November 24, 2025, offering a new manner for on a regular basis traders to buy those cash through common brokerages.
According to exchange notices and regulatory filings, the funds will commerce under the tickers GDOG for Dogecoin and GXRP for XRP. The listings convert Grayscale’s present private-placement trusts into publicly traded merchandise.
Grayscale Moves To List Dogecoin And XRP
Reports have disclosed that both ETFs acquired approval to be listed, and the paperwork was filed with the US Securities and Exchange Commission.
The transfer brings spot publicity to two smaller, but widely adopted, cryptocurrencies into a mainstream vehicle. For many traders, that means access without straight managing wallets or non-public keys.
Grayscale Dogecoin ETF $GDOG accredited for itemizing on NYSE, scheduled to start trading Monday. Their XRP spot is also launching on Monday. $GLNK coming soon as properly, week after I feel pic.twitter.com/c6nKUeDrtI
— Eric Balchunas (@EricBalchunas) November 21, 2025
Market Activity Up Ahead Of Launch
Trading exercise in associated derivatives climbed in the lead up to the announcement. Dogecoin derivatives quantity elevated by more than 30% to roughly $7.22 billion, based on exchange data.
XRP derivatives surged as properly, leaping about 51% to around $12.74 billion. Based on studies, these spikes replicate merchants positioning for potential price swings around the ETF debut.
Spot ETFs don’t promise increased costs, but they do change who can buy the belongings. Brokers, retirement plans, and funds that keep away from direct crypto custody could now step in.
That might have an effect on liquidity in both the tokens and their markets. At the same time, the general crypto market has seen strain; studies say the launches come during a roughly six-week downturn.
Questions Remain Over Demand And Flows
Product charges, custody particulars, and how the trusts convert into ETF shares will form investor urge for food. Past launches of crypto ETFs confirmed brisk early flows for some merchandise, while others noticed muted curiosity. What issues for costs shouldn’t be only listings, but inflows and outflows once trading begins.
Investors and analysts are seemingly to watch the first days of trading for clues. High quantity and tight spreads would recommend strong demand. Low turnover or huge spreads might signal tepid curiosity.
Based on studies, market members will also monitor whether or not the ETFs draw the same type of speculative trading that has pushed derivatives quantity in latest days.
The itemizing of both GDOG and GXRP on the same date marks a notable step for mainstream crypto merchandise. According to exchange filings, the funds are structured as spot ETFs that maintain the underlying tokens via custodians. While that doesn’t take away price risk, it does make shopping for these belongings less complicated for a broad group of traders.
Featured image from Gemini, chart from TradingView
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