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Dogecoin News Today: Grayscale's Alternative Coin ETFs Indicate Change: Bitcoin Withdrawals Differ from Rising Interest in Altcoins

Dogecoin News Today: Grayscale's Alternative Coin ETFs Indicate Change: Bitcoin Withdrawals Differ from Rising Interest in Altcoins

Bitget-RWA2025/11/24 05:54
By:Bitget-RWA

- Grayscale launches GDOG and GXRP ETFs on NYSE, offering direct exposure to Dogecoin and XRP via spot ETPs. - ETFs convert private trusts to public offerings, aligning with industry trends to boost liquidity and attract institutional capital. - GXRP competes with existing XRP products ($422M inflows), while GDOG follows DOGE's rise to 9th-largest crypto by market cap. - SEC's "Project Crypto" framework and FalconX partnership strengthen Grayscale's position in regulated altcoin investment vehicles. - Altc

Grayscale Investments is preparing to launch its Grayscale

Trust ETF (GDOG) and Grayscale Trust ETF (GXRP) on the New York Stock Exchange (NYSE) on November 24, 2025. This move represents a major step in expanding the company's range of cryptocurrency exchange-traded products. The introduction of these ETFs comes after receiving regulatory clearance and converting existing private trusts into publicly listed ETFs, making it easier for both institutional and individual investors to access Dogecoin (DOGE) and XRP, two leading altcoins in the crypto market .

Both GDOG and GXRP will operate as spot ETPs, holding the actual tokens directly. This approach follows a broader industry movement to turn private placements into public offerings, which increases liquidity for current holders and draws in additional investment.

, GXRP enters a market where XRP-based products from Canary Capital and Bitwise have already attracted $422 million in investments since their inception. Meanwhile, GDOG will be among the first Dogecoin ETFs listed in the U.S., following the September launch of the Rex-Osprey ETF (DOJE). , has climbed to become the ninth-largest cryptocurrency by market value, fueled by strong retail interest and high trading volumes.

Dogecoin News Today: Grayscale's Alternative Coin ETFs Indicate Change: Bitcoin Withdrawals Differ from Rising Interest in Altcoins image 0

The regulatory landscape has also become more favorable for digital asset investment products.

has emphasized a disclosure-based regulatory approach through his "Project Crypto" initiative, making it easier for ETFs that meet compliance standards to gain approval. This is a notable shift from recent difficulties in the wider crypto sector, where spot ETFs saw a record $903 million in net outflows on November 21, as equity markets fell and economic uncertainty increased. Despite this, , such as Bitwise's XRP fund and (SOL)-related products, have continued to attract new investments, indicating ongoing institutional interest in alternatives to Bitcoin.

Grayscale's entry into DOGE and XRP ETFs also highlights its strategic partnership with FalconX, following FalconX's acquisition of 21Shares.

and global presence, allowing it to introduce innovative offerings like the 2x Leveraged Dogecoin ETF (TXXD) from 21Shares, which launched alongside the FalconX deal. This diversification signals the growing maturity of the crypto sector, as investors look for both leveraged and traditional exposure to altcoins.

The introduction of GDOG and GXRP positions Grayscale to benefit from increasing interest in regulated crypto investment products.

that GDOG could reach $11 million in trading volume on its first day, leveraging Dogecoin's cultural popularity and its evolution from a meme asset to a recognized investment. For XRP, the ETF's launch of the XRP Ledger (XRPL), which has processed more than 4 billion transactions since it began.

As the cryptocurrency sector faces ongoing volatility and regulatory changes, Grayscale's new ETFs illustrate the industry's move toward products designed for institutional investors.

for a Nasdaq IPO, these strategic initiatives reflect Grayscale's confidence in the long-term integration of digital assets into mainstream financial markets.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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