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XRP and DOGE ETFs: Grayscale Moves Closer to U.S. Trading

By

Hanan Zuhry

Hanan Zuhry

XRP and DOGE ETFs — Grayscale lists funds in DTCC registry, bringing crypto closer to mainstream investors and future trading approval.

XRP and DOGE ETFs: Grayscale Moves Closer to U.S. Trading

Quick Take

Summary is AI generated, newsroom reviewed.

  • Grayscale lists XRP and DOGE ETFs in the DTCC registry.

  • Listing signals progress toward potential SEC approval.

  • ETFs let investors access crypto without wallets or exchanges.

  • XRP and Dogecoin could see increased adoption and market inflows.

Two of the most famous cryptocurrencies, XRP and Dogecoin (DOGE), just moved closer to mainstream trading. According to Coin Bureau, Grayscale listed its XRP and DOGE exchange-traded funds (ETFs) in the DTCC (Depository Trust & Clearing Corporation) registry. The announcement sparked excitement in the crypto community, signaling that both the coins could reach public markets soon.

A Step Toward Market Access

The DTCC handles clearing and settlement for most U.S. securities. When a product appears on its registry, it shows that the fund is getting ready to trade. While the U.S. Securities and Exchange Commission (SEC) must still approve the ETFs, the listing indicates a strong progress.

Analysts compare this process to the steps taken before the Bitcoin spot ETFs launched in early 2024. Those ETFs drew billions of dollars from investors and made the crypto market stronger. Experts believe XRP and DOGE could follow a similar path, allowing people to invest through regular brokerage accounts instead of crypto exchanges.

Grayscale Expands Its ETF Lineup

Grayscale is one of the biggest digital asset managers. It already offers funds for Bitcoin and Ethereum. By adding XRP and DOGE ETFs, the company shows that it wants to spread out and diversify its products. Also to make crypto easier to access for traditional investors.

XRP and Dogecoin both have loyal communities and big market capitalizations. XRP focuses on cross-border payments, while Dogecoin has grown popular for its online culture and strong social media presence. ETFs for these coins could attract both retail and institutional investors.

Why Investors Should Care

This development highlights crypto’s growing legitimacy. Dogecoin, which was once a meme coin, now has mainstream recognition. While XRP has overcome regulatory challenges and remains key in global payments.

ETFs give a more simpler and safer way to invest in crypto. They allow the investors to gain exposure without actually managing private wallets or worrying about the storage of security. If approved, XRP and DOGE ETFs could bring billions in new capital and help to merge digital assets into everyday finance.

The Path to Trading Approval

The SEC still needs to approve both ETFs before they can start to trade. However, their DTCC listing shows that crypto adoption is progressing at a steady pace. If the fund’s launch is successful, investors could see easier access to two of the market’s most popular coins.  Therefore marking another important milestone for the entire crypto industry.

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