The New York Stock Exchange has approved Grayscale's exchange-traded funds (ETFs) related to Dogecoin and XRP, which will launch on Monday.
The exchange's subsidiary NYSE Arca has filed an application with the Securities and Exchange Commission for the 'listing and registration approval' of Grayscale's XRP Trust ETF and Dogecoin Trust ETF.
Bloomberg's senior ETF analyst Eric Balchunas announced the approval from the New York Stock Exchange on platform X, stating that the LINK ETF will follow in the coming week.
"Grayscale's Dogecoin ETF $GDOG has received listing approval from the New York Stock Exchange and is set to begin trading on Monday. Meanwhile, XRP spot will also go live on Monday," he said, "$GLNK will also be launched soon, possibly in a week."
The approval from the New York Stock Exchange is the final step before Grayscale's Dogecoin ETF goes public. This product is one of a series of ETFs targeting speculative cryptocurrencies, with first-day trading volume reaching up to $11 million.
XRP ETF Market Expansion
Grayscale's XRP ETF is expected to launch simultaneously with Franklin Templeton's competing product, while WisdomTree's XRP ETF is also awaiting listing.
Related Reading: Grayscale calls the chain link the 'key connection' for tokenized finance
Canary Capital's XRP ETF launched on November 13, with over $250 million in inflows on the first day.
At the same time, Bitwise, 21Shares, and CoinShares also launched XRP ETF products this month.
Despite the generally optimistic outlook of ETFs towards underlying assets, XRP's price has fallen by approximately 18% since November, according to CoinGecko.
Magazine: 2026 is the Year of Practical Privacy for Cryptocurrencies: Canton, Zcash, etc.
