Grayscale's XRP and Dogecoin ETFs Approved for NYSE Arca Listing
•Cryptocurrency
Grayscale Expands with XRP and Dogecoin ETFs
The NYSE Arca has given the green light for the listing of Grayscale's XRP Trust ETF (GXRP) and Dogecoin Trust ETF (GDOG), as per certification letters dated November 21. Trading is scheduled to begin next Monday, confirmed by Bloomberg ETF analyst Eric Balchunas.
Key Takeaways
- Grayscale's XRP and Dogecoin ETFs will debut on NYSE Arca next Monday.
- Both ETFs will impose a 0.35% management fee, highlighting Grayscale's strategic expansion beyond Bitcoin and Ethereum ETFs.
Grayscale manages over $35 billion in client assets and initially launched its closed-end XRP trust in the US last September. The firm has since applied to the SEC to convert this product into an ETF, following the successful transitions of its Bitcoin and Ethereum trusts.
Grayscale is also making strides towards a public listing in the US. The company has filed for an IPO to list its Class A shares on the NYSE, capitalizing on the current surge in crypto-related public offerings.