XRP News Update: XRP ETFs Get Green Light as Payment Capabilities Rival Ethereum’s Smart Contract Dominance

The New York Stock Exchange has given the green light for two new exchange-traded funds (ETFs) that will track

and , representing a notable step forward in institutional involvement with digital currencies. Grayscale Investments, a prominent manager of crypto assets, revealed that its Grayscale XRP Trust ETF (GXRP) and Grayscale Dogecoin Trust ETF (GDOG) are set to begin trading on NYSE Arca starting November 24, 2025 . These developments come after the U.S. Securities and Exchange Commission (SEC) provided clearer regulatory guidance, highlighting the increasing acceptance of cryptocurrencies beyond and .

Grayscale's XRP and Dogecoin trusts, which were previously only available as closed-end funds, will now convert to ETF structures, a change completed through updates to their trust agreements

. Both funds will have a management fee of 0.35% , which is in line with standard fees for similar crypto investment products. The approval for the XRP ETF was made possible by Ripple's legal win over the SEC in 2023, which opened the door for investment products based on XRP . At the same time, Dogecoin's addition highlights ongoing interest in meme coins, even with their speculative reputation.

This wave of launches comes as altcoin ETFs are gaining momentum. Bitwise Asset Management introduced its XRP ETF (XRP) on November 20, 2025, offering no management fee for the first month on the initial $500 million in assets

. Experts point out that XRP ETFs have already attracted significant capital, with Canary Capital's XRPC ETF seeing $58 million in trading volume on its first day . Other major players, including Franklin Templeton, are also preparing to launch XRP and Dogecoin ETFs, signaling growing institutional acceptance .

Many in the market believe that the approval of these ETFs could drive up XRP's price. Although XRP recently fell by 9% to $2, it bounced back to $2.12 just before the ETF debuts, with trading activity increasing by 30%

. The token's market value now surpasses $128 billion , though it is still much smaller than Ethereum's $373 billion. There is ongoing debate among analysts about whether XRP could surpass Ethereum, with some pointing to XRP's focus on payments and others emphasizing Ethereum's smart contract capabilities . Nonetheless, increased institutional interest from ETFs and Ripple's $500 million investment in the XRP Ledger (XRPL) infrastructure are seen as positive long-term factors .

Regulatory changes continue to influence the sector. The SEC's recent approval of spot Bitcoin and Ethereum ETFs has set a precedent for other altcoin funds, though the lack of a native smart contract platform on XRPL is seen as a hurdle for XRP's expansion

. Still, since these ETFs hold physical XRP rather than futures contracts, they are expected to help balance supply over time .

With nine XRP ETFs gaining approval in October 2025 alone

, the way investors access digital assets is undergoing a major transformation. As Grayscale and other firms compete to tap into the $250 trillion global payments market , XRP’s use as a payment token could become even more prominent. For now, the November 24 launch will serve as a key moment to see if institutional investments can drive lasting gains for XRP and Dogecoin.