Grayscale Scores Approval for Dogecoin and XRP ETFs, Entering Crowded Market

The NYSE Arca has granted approval for Grayscale’s Dogecoin and XRP exchange-traded funds (ETFs) to launch on Monday. These products will be listed under the SEC framework established last September. The Grayscale Dogecoin Trust ETF will trade as GDOG, while the Grayscale XRP Trust ETF will be represented by GXRP. These ETFs provide investors with a way to track the price movements of these cryptocurrencies publicly.