Grayscale Launches DOGE and XRP ETFs on NYSE Arca

The Solana price has been experiencing a significant decline since October, largely attributed to the actions of the meme coin launchpad Pump.fun, which has reportedly sold over $436 million in SOL. This cash-out has raised concerns about the stability of the Solana ecosystem as it coincides with a broader downturn in the cryptocurrency market.

The launch of the first Dogecoin ETF by Grayscale on November 24, 2025, has sparked speculation about a potential Shiba Inu ETF, given that Shiba Inu is the second-largest meme coin by market capitalization. This development highlights the growing interest in meme-based cryptocurrencies and their acceptance in mainstream finance.

Japan's Financial Services Agency (FSA) has announced a new regulation requiring cryptocurrency exchanges to maintain dedicated liability reserves to protect investors from potential losses due to hacks or operational failures. This decision follows the infamous Mt. Gox incident, highlighting the need for enhanced security measures in the volatile crypto market.

XRP has achieved a significant milestone by being included in the FinTech Notes’ Core Global Glossary, reinforcing its position as a reliable payment infrastructure despite a recent decline in its price. This recognition highlights XRP's growing acceptance within the financial sector as a viable digital asset for transactions.

Bitcoin has experienced a significant decline, falling over 30% in value, with recent trading pushing the price down to around $82,000. This sharp drop has caused panic among newer investors, while veteran holders remain largely unfazed, viewing such volatility as a normal aspect of Bitcoin's history.

Franklin Templeton has launched its XRP exchange-traded fund (ETF), XRPZ, on NYSE Arca, marking a significant step towards the mainstream acceptance of cryptocurrency assets. This move highlights the growing integration of on-chain settlement assets into traditional financial infrastructure, as XRP's payment narrative evolves through regulated ETFs.

Solana's price has approached $140, buoyed by strong ETF inflows and increased network revenue, indicating a renewed risk appetite in the cryptocurrency market. The cryptocurrency has shown resilience, trading in the high $130s with a market cap around $76 billion, suggesting significant liquidity from institutional investors.

Dogecoin has recently been caught in a significant Wyckoff Accumulation phase, which has contributed to its downward price trend following a peak in 2024. Analysts suggest that the cryptocurrency may be nearing the end of this accumulation phase, potentially setting the stage for a breakout.