NYSE Clears Grayscale DOGE and XRP ETFs for Monday Trading
- NYSE Arca cleared Grayscale’s DOGE and XRP ETFs to debut Monday after trust conversions.
- Both altcoin ETFs meet SEC rules and change from private trusts to exchange trading.
- Analysts confirm launch readiness as DOGE and XRP derivatives and ETF activity increase.
NYSE Arca approved Grayscale’s Dogecoin and XRP ETFs for trading on Monday, clearing final regulatory listing steps. The decision enables conversions from private placements, bringing GDOG and GXRP onto U.S. public markets through regulated exchange products. The launch follows formal certification, SEC filings, and exchange approvals confirmed late Friday by NYSE documentation.
NYSE Arca Approval and Launch Timeline
The clearing notice confirmed listings for Grayscale Dogecoin Trust ETF Shares and Grayscale XRP Trust ETF Shares. The exchange stated it approved registration under the Exchange Act of 1934. However, the filings also confirmed conversion from privately offered trusts into exchange-listed products.
This process allows wider investor access through NYSE Arca’s trading system. Notably, both ETFs will debut at the first trading session on Monday. The timing follows a formal certification issued on Friday afternoon.
The approvals align with SEC guidance on altcoin ETF procedures, which addressed listing paths during the recent government shutdown period. As a result, several altcoin ETFs gained operational clarity; therefore, GDOG and GXRP will debut under established compliance standards.
The filings confirmed no changes to existing outstanding stock certificates. Additionally, the trust’s name officially changed before listing. Grayscale updated the Dogecoin product name earlier this week, a shift from a trust structure to an ETF format.
Meanwhile, XRP followed a similar conversion structure. According to NYSE filings, both meet disclosure requirements. Furthermore, trading symbols GDOG and GXRP will appear on Arca systems. This step finalizes procedural approval for live market trading.
Product Structure and Regulatory Context
The two ETFs operate as spot exchange-traded products holding existing assets. Each product tracks price performance without requiring direct token custody by investors. GDOG offers direct exposure to Dogecoin pricing, while GXRP similarly tracks XRP market movements through a regulated structure.
This format follows Grayscale’s existing Bitcoin and Ethereum offerings, but the new listings expand the firm’s altcoin product range. Grayscale now maintains over forty crypto-related investment vehicles.
The change also follows earlier approvals of Litecoin, HBAR, and Solana ETFs. Those approvals relied on SEC procedural guidance rather than direct agency endorsement. As such, the process prioritized compliance with listing standards.
NYSE Arca confirmed that those standards received SEC approval in September, ensuring GDOG and GXRP meet requirements. Grayscale also filed Form 8-A to register DOGE shares, establishing groundwork for exchange trading eligibility.
The trust’s classification is under Section 12(b) and recorded formal name transition details, changing identification to Grayscale Dogecoin Trust ETF. This change prepares clear branding for market participants. Meanwhile, outstanding certificates are valid and unaffected, supporting continuity for prior stakeholders.
Related: Five Spot XRP ETFs Appear on DTCC as Launch Expectations Grow
Market Developments and Analyst Updates
Eric Balchunas confirmed Monday’s launch, noting final readiness for trading and stating both ETFs will open during the first session. He also mentioned a potential LINK ETF launch next week, though only DOGE and XRP received confirmed clearance for Monday.
Elsewhere, Bitwise launched its XRP ETF earlier this week, a notable progression for XRP-focused instruments. Franklin Templeton is also preparing its Dogecoin ETF debut next week, while REX Shares and Osprey Funds introduced a DOGE ETF in September, which followed a different regulatory path under the Investment Company Act of 1940.
Grayscale’s approach, however, follows trust-to-ETF conversion using regulated trust frameworks. Additionally, Canary adjusted filings by removing an SEC delay clause, supporting its ETF progression timeline. Derivatives activity also increased with DOGE and XRP contracts showing increased volume, coinciding with final listing preparations.
The scheduled launch confirms Grayscale’s Dogecoin and XRP ETFs will trade on NYSE Arca on Monday following formal approvals. The conversion from private trusts to regulated exchange products expands access through existing compliance frameworks. The coordinated listings, filings, and analyst confirmations outline a structured rollout for GDOG and GXRP trading.
