XRP News Update: Alternative Coin ETFs Launch as Grayscale Broadens Its Reach Past Bitcoin

Bitget App

Trade smarter

Bitget

News

Markets

XRP News Update: Alternative Coin ETFs Launch as Grayscale Broadens Its Reach Past Bitcoin

Bitget-RWA2025/11/24 03:36

By:Bitget-RWA

- NYSE approves Grayscale's GDOG and GXRP ETFs for Dogecoin and XRP , launching Nov 24 after SEC-compliant regulatory clearance. - SEC's 2025 framework enabled rapid altcoin ETF approvals, with Franklin Templeton and others entering competitive XRP market. - GDOG charges 0.35% fees targeting retail investors, while Franklin's fee-free XRP ETF aims to attract institutional capital through Coinbase . - Despite $4B+ outflows in Bitcoin ETFs, JPMorgan forecasts $4-8B in XRP ETF inflows, signaling growing insti

The New York Stock Exchange has received final regulatory approval for Grayscale Investments’

Dogecoin

and

XRP

exchange-traded funds (ETFs), paving the way for their launch on Monday, November 24. These green lights,

announced by NYSE Arca

, a branch of the NYSE, come after filings with the Securities and Exchange Commission (SEC) and represent a major step forward in expanding crypto ETF options beyond

Bitcoin

and

Ethereum

. The Grayscale Dogecoin Trust ETF (GDOG) and XRP Trust ETF (GXRP) will transition the company’s private trusts into publicly traded vehicles,

giving both retail and institutional investors

easier access to the ninth- and fourth-largest cryptocurrencies by market cap.

The debut of these ETFs comes amid a wave of altcoin ETF approvals, spurred by clearer regulatory guidance from the SEC. Under the agency’s September 2025 policy,

issuers can skip direct SEC review

for products that meet certain listing requirements, speeding up the approval timeline. This policy shift has allowed firms such as Bitwise, Canary Capital, and Franklin Templeton to rapidly introduce XRP ETFs in recent weeks.

CoinGecko data shows

that XRP’s value has dropped about 18% since the beginning of November.

XRP News Update: Alternative Coin ETFs Launch as Grayscale Broadens Its Reach Past Bitcoin image 0

Grayscale’s Dogecoin ETF, which has a 0.35% management fee, is set to benefit from the asset’s strong popularity among retail investors.

Bloomberg senior ETF analyst Eric Balchunas

estimated that GDOG could see $11 million in trading volume on its first day, pointing to the

meme

coin’s widespread appeal and liquidity. The move to an ETF structure for Dogecoin follows Grayscale’s previous conversions of its Bitcoin and Ethereum trusts, a strategy that has historically attracted significant capital

based on financial disclosures

. At the same time, competition in the XRP ETF space is heating up,

with Franklin Templeton set to introduce

its own offerings on the same day as Grayscale’s launch. Franklin’s XRP ETF, which will not charge management fees until mid-2026, is targeting institutional clients through Coinbase custody and a distribution network spanning 13,000 advisory firms.

The broader crypto ETF sector, however, is facing challenges. U.S. spot Bitcoin ETFs have experienced nearly $4 billion in outflows over the past month, with BlackRock’s IBIT and Grayscale’s GBTC each losing hundreds of millions within a week.

Experts caution that ongoing outflows

could push Bitcoin’s price down to $82,000 by year’s end, increasing volatility in the market. Despite these obstacles, the surge in altcoin ETFs signals rising institutional trust in crypto’s value beyond mere speculation.

JPMorgan projects $4–8 billion

in total XRP ETF inflows over the coming year.

The November 24 rollout marks a significant milestone for both Grayscale and the digital asset industry. By connecting traditional finance with cryptocurrencies, these ETFs could transform liquidity for altcoins and set the stage for further innovation. However, their long-term success will depend on continued investor interest and overall market stability as regulatory and economic factors continue to influence the sector.

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.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

- XRP fell 15% to $2.17 amid whale selling, but ETF launches and institutional inflows could drive a rebound toward $2.70. - Major ETF providers like Franklin Templeton and Grayscale are preparing XRP products, signaling growing institutional confidence in its cross-border payment utility. - Bitcoin and Ethereum also declined 12-13.4%, but analysts view the dip as a buying opportunity amid ETF-driven demand and stable technical indicators for XRP. - Price resilience above $2.15 and ETF inflows outpacing ou

Bitget-RWA•2025/11/24 03:54

XRP News Update: XRP Falls 15% Amid ETF Hopes—Is $2.70 Within Reach?

USB-C in Business: How Standardization Brings Global Trade Together

- Commerce Operations Foundation launches onX, a standardized protocol unifying global commerce systems via real-time order management and inventory sync, akin to USB-C's digital standardization. - Pedego-Urtopia partnership rebrands as New Pedego Holdings, leveraging smart tech and lean manufacturing to expand 500 U.S.-Canada stores through community-focused retail innovation. - MegaETH's cross-chain bridge and Mutuum Finance's DeFi lending protocol highlight DeFi's maturation, with USDm liquidity and aut

Bitget-RWA•2025/11/24 03:54

USB-C in Business: How Standardization Brings Global Trade Together

Dogecoin News Update: Trump's Chainsaw Agency Dissolved, Efficiency Initiative Continues Amid Bureaucratic Reform

- Trump's DOGE agency, aimed at cutting federal waste, disbanded early amid unverified savings claims and staff departures after Musk's exit. - OPM absorbed DOGE's functions, while Musk's "chainsaw" approach faced criticism for layoffs and lack of transparency in budget reallocations. - Trump administration shifts efficiency focus to AI-driven deregulation, with states like Idaho adopting localized DOGE models. - Critics highlight DOGE's legacy of legal challenges and broken promises, though its cost-cutti

Bitget-RWA•2025/11/24 03:54

Dogecoin News Update: Trump's Chainsaw Agency Dissolved, Efficiency Initiative Continues Amid Bureaucratic Reform

Modern Monetary Theory and the Transformation of Cryptocurrency Valuation: Divergent Policies, Speculative Reassessment, and the Emerging Macro Framework

- MMT-driven fiscal policies in 2025 reshape crypto valuations as central banks prioritize growth over strict inflation targeting, exemplified by Fed rate cuts. - Institutional adoption of crypto accelerates (55% hedge funds by 2025) amid regulatory clarity, but algorithmic stablecoins face fragility during monetary expansion. - Speculative re-rating intensifies with 0.63 crypto-traditional asset correlation, while metrics like MVRV-Z (2.31) suggest markets avoid bubble territory. - Cross-jurisdictional po

Bitget-RWA•2025/11/24 03:54