U.S. Altcoin Spot ETFs Gain Traction With Multiple Listings This Week

The U.S. altcoin spot ETF market is seeing a significant surge in new listings this week. Grayscale Investments launched the Grayscale XRP Spot ETF (GXRP) on the New York Stock Exchange Arca on Monday, followed by Franklin Templeton’s introduction of the Franklin XRP Trust (XRPZ), an XRP-focused exchange-traded fund, on the same platform. This follows the launch of the first U.S. Dogecoin spot ETF, GDOG, also from Grayscale on Monday. Bitwise is also set to list its Dogecoin ETF, BWOW, on Wednesday.