Rival crypto asset manager Bitwise launched its XRP ETF earlier this week.
Nov 21, 2025, 6:43 p.m.
Grayscale’s two new crypto exchange-traded funds (ETFs) will go live on NYSE Arca on Monday, offering U.S. investors simplified access to DOGE$0.1394 and XRP for the first time through regulated public markets.
The Grayscale Dogecoin Trust ETF (GDOG) and Grayscale XRP Trust ETF (GXRP) are each structured as spot ETPs that hold their respective underlying assets.
Dogecoin, once viewed mainly as a joke cryptocurrency, has become one of the most actively traded digital assets by volume.
Meanwhile, the launch of GXRP comes as the XRP Ledger (XRPL), a blockchain tailored for cross-border payments, nears its fourteenth year. The ledger has processed over 4 billion transactions since its inception.
GXRP and GDOG were initially available as private placements before going public on NYSE Arca. Their debut adds to Grayscale’s growing suite of crypto-related investment products, which now span over 40 offerings.
Grayscale’s launches follow a wave of new altcoin ETFs. Franklin Templeton is expected to launch its own Dogecoin ETF next week, while Bitwise’s XRP ETF went live earlier this week. Bitwise’s Solana ETF (BSOL), which debuted earlier this year, has already attracted over $400 million in inflows, reflecting growing institutional interest in non-Bitcoin crypto assets.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
More For You
Protocol Research: GoPlus Security
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence’s Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Coinbase ‘Negative Premium’ at Widest Level since Q1, Signalling Weak U.S. Demand
Bitcoin is on track for its worst weekly performance since March, while U.S. demand indicators weaken as the Coinbase premium declines and spot ETFs reach a record volume.
What to know:
- Coinbase’s bitcoin Premium Index hit a -0.15% divergence, its widest discount to global markets since Q1, signalling persistent U.S. institutional caution.
- Spot bitcoin ETFs saw $238.4 million of inflows and a record $11.5 billion in trading volume on Friday, hinting at potential capitulation after a 36% market correction.
- Bitcoin is heading for its worst week since March with an 11% slide.
