XRP News Update: Grayscale Introduces DOGE and XRP ETFs Amidst Six-Week Crypto Market Downturn

The New York Stock Exchange Arca has authorized Grayscale Investments to list exchange-traded funds (ETFs) linked to

(DOGE) and for public trading, representing a notable step forward in regulated cryptocurrency investment offerings. The (GDOG) and (GXRP) , after receiving the necessary regulatory green lights, ending months of speculation within the industry.

This rollout comes amid growing investor appetite for crypto diversification beyond

and . Grayscale’s , the first spot Dogecoin ETF in the U.S., allows investors to track the coin’s price changes directly, without the need to hold the actual tokens . Likewise, gives regulated access to XRP, Ripple’s native cryptocurrency, joining a competitive field of XRP ETFs from firms such as Franklin Templeton and Bitwise .

Both ETFs feature an introductory fee structure: there is no management fee for the first $1 billion in assets or the initial three months, after which the fee increases to 0.35%

. This approach mirrors a broader industry practice where providers temporarily reduce fees to encourage early investment. For instance, Bitwise’s XRP ETF (XRP) attracted $107.6 million in inflows on its opening day, while Canary Capital’s XRPC ETF saw a record $58.5 million in trading volume .

Reactions from the market have been varied. Although institutional interest in XRP and

has grown, both assets have dropped since early November, with XRP falling 18% and DOGE down 80% from their historical peaks . Analysts point to overall market weakness, as the crypto sector has experienced a six-week downturn that wiped out over $1 trillion in value . Nevertheless, the introduction of regulated investment vehicles is viewed as a long-term benefit for both XRP and DOGE. Grayscale notes that GXRP utilizes the XRP Ledger’s 4 billion transactions and its cross-border settlement features, while GDOG emphasizes Dogecoin’s “practical applications” .

The approval of these ETFs also reflects evolving regulatory attitudes. The U.S. Securities and Exchange Commission (SEC) has relaxed its oversight of crypto-related products, paving the way for a surge in altcoin ETFs.

, more than 100 similar funds could launch within the next half year. This wave includes leveraged ETFs for Dogecoin, Bitcoin, and Ethereum, as well as funds tracking (SOL), (LTC), and (HBAR) .

Despite the positive outlook, certain risks remain. Neither GXRP nor GDOG is registered under the Investment Company Act of 1940, which means investors face increased regulatory and market uncertainties

. Additionally, XRP’s value is still 43% below its July 2025 high, and DOGE is trading near $0.14, a significant drop from its 2021 peak of $0.73 .

The competition among XRP ETFs is heating up. Franklin Templeton’s XRPZ and WisdomTree’s upcoming product are joining Grayscale’s GXRP, making the market increasingly crowded. Ripple CEO Brad Garlinghouse described this period as a “pre-Thanksgiving rush” for XRP investment vehicles, highlighting the asset’s key role in cross-border payments and decentralized finance

.