CMC News

$DOGE and $XRP ETFs Go Live Monday After #NYSE Green Light

NYSE Arca has approved the listing of Grayscale's $DOGE and $XRP exchange-traded funds. Both products are scheduled to begin trading on Monday following the exchange's certification with the Securities and Exchange Commission.

The NYSE filed approval documents on Friday for the Grayscale $XRP Trust ETF and the Grayscale Dogecoin Trust ETF. Bloomberg senior ETF analyst Eric Balchunas confirmed the approvals and noted that Grayscale's $LINK fund will follow within the next week.

The exchange listing represents the final regulatory step needed for Grayscale's spot #Dogecoin ETF to launch. The product converts Grayscale's existing trust into an ETF structure that tracks $DOGE price movements in the market.

Balchunas projected that first-day trading volume for the #DogecoinETF will reach approximately $11 million. The estimate reflects typical initial trading patterns for newly launched cryptocurrency exchange-traded products in the current market environment.

Grayscale's $XRP ETF will compete directly with Franklin Templeton's product, launching simultaneously on Monday. WisdomTree also has an #XRPETF awaiting launch, adding to the growing roster of funds tracking the cryptocurrency.