NYSE approves Grayscale DOGE and XRP ETFs, clearing launch for Monday

Dogecoin has experienced a notable rise in value as anticipation builds around the upcoming launch of Grayscale's Dogecoin ETF, scheduled for November 24, 2025. Analysts attribute this increase to a combination of meme enthusiasm and institutional inflows, despite ongoing technical uncertainties in the market.

XRP's price has dropped to $2.08 following the debut of Grayscale's GXRP ETF, which failed to stimulate market interest. This decline reflects ongoing volatility in the cryptocurrency market, exacerbated by broader economic factors and investor sentiment.

XRP has experienced a notable increase in investor demand during one of the largest outflow runs since 2018, indicating a potential resilience in the cryptocurrency amidst market volatility. This surge in demand highlights a growing confidence among investors despite the challenging conditions.

XRP has seen a significant decline in price, raising concerns among holders about Ripple potentially needing to sell more of its XRP reserves to sustain operations. Ripple's CTO, David Schwartz, addressed these concerns on social media, asserting that falling prices do not necessarily compel the company to increase token sales, especially with the introduction of their RLUSD stablecoin.

Dogecoin has shown signs of a potential recovery, as crypto analyst Bitguru identifies a bullish trend that has previously led to significant price rallies. This trend involves a pattern of price crashes into demand, followed by consolidation, and ultimately a rally. Currently, Dogecoin is in a consolidation phase, which may set the stage for another upward movement.

Dogecoin is on the verge of breaking out of a multi-month falling wedge pattern, driven by investor excitement surrounding an upcoming ETF launch scheduled for November 24. Despite a recent decline of 26% over the past month and 53% from its peak, the anticipation of institutional acceptance through the ETF could signal a shift in market dynamics for the cryptocurrency.

Bitcoin has reached multimonth lows, with NYDIG research indicating a structural pullback rather than mere emotional selling. The same capital that previously drove Bitcoin's price to its October peak is now exiting the market, highlighted by significant ETF outflows and a reduction in stablecoin supply.

Grayscale has announced the launch of its Dogecoin and XRP exchange-traded funds (ETFs), which are set to begin trading on the New York Stock Exchange (NYSE) on November 24, 2025. This marks a significant milestone for Grayscale as it expands its product offerings in the cryptocurrency market, allowing investors to gain exposure to these popular digital assets.