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    NYSE Gives Final OK on Grayscale’s Dogecoin and XRP ETFs

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    The New York Stock Exchange has approved the listing of Grayscale’s Dogecoin and XRP exchange-traded funds (ETFs), teeing up both to launch on Monday.

    NYSE Arca, a subsidiary of the exchange, filed with the Securities and Exchange Commission on Friday to certify “its approval for listing and registration” of the Grayscale XRP Trust ETF (GXRP) and the Grayscale Dogecoin Trust ETF (GDOG).

    Bloomberg senior ETF analyst Eric Balchunas posted the NYSE’s approvals to X on Sunday, and said Grayscale’s ETF tied to Chainlink (LINK) will follow in the next week or so.

    “Grayscale Dogecoin ETF $GDOG approved for listing on NYSE, scheduled to begin trading Monday. Their XRP spot is also launching on Monday,” he said. “$GLNK coming soon as well, week after I think.”

    Source: Eric Balchunas

    The signing off by the NYSE marks the final approval needed for Grayscale’s spot Dogecoin (DOGE) ETF to go live, one of many ETFs tied to speculative cryptocurrencies that asset managers have brought to market in recent weeks.

    Grayscale’s Dogecoin ETF is a conversion of the firm’s existing trust into an ETF that tracks the price of DOGE. Balchunas tipped the ETF’s first-day volume to hit around $11 million. 

    XRP ETFs flood the market 

    The Grayscale’s XRP (XRP) ETF is expected to launch alongside a competing product from Franklin Templeton, while an XRP ETF from WisdomTree is also awaiting launch.

    Related: Grayscale calls Chainlink the ‘crictical connective tissue’ of tokenized finance

    The launch of Canary Capital’s ETF (XRPC) on Nov. 13 marked the first spot XRP ETF in the US. The fund got off to a solid start, fetching over $250 million of inflows during its first trading day.