Grayscale’s Dogecoin and XRP ETFs Set to Launch on November 24

The post Grayscale’s Dogecoin and XRP ETFs Set to Launch on November 24 appeared first on Coinpedia Fintech News

Grayscale is preparing for a major milestone as its Dogecoin ETF and XRP ETF are set to begin trading on the New York Stock Exchange on November 24. It is rare for two major altcoin ETFs to launch on the same day, making this an important moment for both communities.

Bloomberg analyst Eric Balchunas confirmed the approvals and noted that a Grayscale Chainlink ETF may follow soon, showing how quickly the company is expanding beyond its popular Bitcoin and Ethereum products.

Why These ETFs Matter

NYSE Arca has confirmed that both the Dogecoin and XRP ETFs met all listing requirements, officially clearing them to start trading. With this approval, the Grayscale XRP ETF and Grayscale Dogecoin ETF will move from private investment products to publicly traded ETFs. 

This gives everyday investors an easier way to gain exposure to XRP and Dogecoin without buying the tokens directly. For current holders, the shift from private trusts to ETFs is simple and straightforward.

While this will be Grayscale’s first Dogecoin ETF, another DOGE fund entered the market earlier this year. Still, the strong and enthusiastic communities behind both XRP and Dogecoin give these ETFs solid support ahead of launch. Their debut adds more regulated options for investors who want to explore digital assets beyond Bitcoin and Ethereum.

• Also Read :
•   XRP ETF Launch Fails to Lift Price as Market Crash Pushes XRP Price Below $2
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A Tough Moment for the Crypto Market

The ETF launches come at a challenging time for the broader crypto market. Prices have been falling for six weeks, with Bitcoin down more than 25% since October and over a trillion dollars wiped from the market. Earlier this year, ETF approvals helped boost prices, especially when conditions were bullish. This time, sentiment is more cautious as traders face significant losses and uncertainty.

Despite the weak market, both DOGE and XRP are seeing a rise in activity. Dogecoin’s trading volume has increased sharply as its price moves between recent lows and small recoveries. XRP has been even more volatile, swinging quickly between dips and brief rebounds as traders position themselves ahead of the ETF launch.

A Big Test for Altcoin ETFs

November 24 is shaping up to be an important test for the future of altcoin ETFs. If investor interest is strong, it could show that demand for regulated altcoin products exists even during a market downturn. For Grayscale, this marks another step in expanding its reach and bringing more altcoins into mainstream investment channels.

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