The next big milestone in the U.S. crypto investment landscape isn’t coming from Bitcoin or Ethereum.
Key Takeaways
Grayscale’s spot Dogecoin and XRP ETFs will begin trading on the New York Stock Exchange on November 24
The launches allow investors to gain exposure to DOGE and XRP without directly holding the tokens
Futures and derivatives activity indicates that traders are preparing aggressively ahead of the first trading session
Instead, two assets once dismissed as speculative outliers are about to step into one of the most respected arenas in global finance.
On November 24, both Dogecoin and XRP will begin trading on the New York Stock Exchange as spot exchange-traded funds managed by Grayscale. For the first time, mainstream investors will be able to gain direct price exposure to these tokens through regulated ETF shares rather than holding the cryptocurrencies themselves.
A Regulatory Approval That Surfaced Quietly
The approval did not debut through a high-profile announcement. It appeared through a regulatory filing sent to the U.S. Securities and Exchange Commission, confirming that the NYSE had authorized the listing.
The information gained momentum only after Bloomberg ETF analyst Eric Balchunas publicly shared the update on X, noting that both the Grayscale Dogecoin ETF (GDOG) and the XRP spot ETF would launch together. Balchunas also suggested that a Chainlink ETF may follow roughly one week later.
Grayscale Dogecoin ETF $GDOG approved for listing on NYSE, scheduled to begin trading Monday. Their XRP spot is also launching on Monday. $GLNK coming soon as well, week after I think pic.twitter.com/c6nKUeDrtI
— Eric Balchunas (@EricBalchunas) November 21, 2025
Wall Street Exposure Without Crypto Onboarding
The listings carry weight because they transform how investors can access DOGE and XRP. Until now, participation required navigating crypto exchanges, custody tools, and wallet management.
ETF access removes those frictions, making both assets reachable through brokerage accounts, retirement portfolios, and traditional investment frameworks. That shift opens the door to an entirely new demographic of capital — one that has historically remained outside speculative altcoin markets.
Traders Are Positioning Before the Opening Bell
Momentum is already visible in futures and derivatives markets. Dogecoin’s trading volume has climbed sharply as price action swung between lows near $0.134 and recoveries toward $0.14, signaling heightened speculation ahead of the ETF debut.
XRP has demonstrated even more dramatic volatility, bouncing from around $1.85 to roughly $1.96 as leveraged traders attempt to anticipate the impact of the launch. These patterns typically precede major ETF-driven liquidity events.
A Landmark Moment for Altcoins
Two spot altcoin ETFs launching on the same day in the United States is unprecedented. If interest materializes as predicted, November 24 could establish Dogecoin and XRP as the first major proof that regulated crypto ETFs are not limited to Bitcoin and Ethereum. Grayscale appears positioned to capitalize on this momentum, reinforcing its expansion strategy with a recent U.S. IPO filing that signals ambitions far beyond the current product lineup.
