Grayscale Launches XRP and Dogecoin ETFs on NYSE Arca

Grayscale Investments has launched two new exchange-traded funds on NYSE Arca: the Grayscale XRP Trust (GXRP) and the Grayscale Dogecoin Trust (GDOG). These products provide investors with direct exposure to XRP and Dogecoin, expanding the range of regulated cryptocurrency investment options in the U.S. market.

The Grayscale XRP Trust (GXRP) tracks the performance of XRP, the third-largest cryptocurrency by market capitalization. XRP is widely used for cross-border payments and remittances through the Ripple network. The fund holds XRP directly and aims to offer a straightforward way for investors to gain access to the asset without managing custody or wallets themselves.

The Grayscale Dogecoin Trust (GDOG) is the first spot Dogecoin ETF available in the United States. It holds over 11 million Dogecoin tokens and emphasizes the cryptocurrency’s strong community backing and cultural significance. Dogecoin, originally created as a meme-inspired token, has evolved into a major digital asset with a dedicated user base.

Both ETFs charge a management fee of 0.35 percent. The fee is waived on the first $1 billion in assets under management for an initial period, making them competitive with other crypto investment products.

This launch is part of a broader trend in the cryptocurrency sector, where new ETFs are introducing more options beyond Bitcoin and Ethereum. Additional crypto ETFs are expected in the coming months, reflecting growing interest from traditional investors in diversified digital asset exposure.

The introduction of GXRP and GDOG provides institutional and retail investors with convenient, regulated vehicles to participate in the XRP and Dogecoin markets. As the cryptocurrency landscape continues to mature, these products highlight the increasing integration of digital assets into mainstream financial offerings.