Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

Grayscale DOGE and XRP Spot ETF log in to the New York Stock Exchange on Monday

robot
Abstract generation in progress

Grayscale Investments has new moves: Grayscale Dogecoin Trust ETF and Grayscale XRP Trust ETF will be listed for trading on the NYSE Arca next Monday.

What does this mean? To put it simply:

DOGE and XRP officially enter traditional finance. Following the spot ETFs for Bitcoin and Ethereum, these two mainstream cryptocurrencies have also gained institutional-level investment channels, allowing retail investors to hold them through regular brokerage accounts without the hassle of wallet addresses.

Market Expectations: These types of spot ETFs typically attract a wave of institutional and conservative investors, which is beneficial for the long-term liquidity and recognition of these two cryptocurrencies. DOGE, as a popular meme coin, and XRP, as a payment concept coin, each have their own stories to tell.

Pay attention to the trading volume and capital flow of these two ETFs next Monday, it might be a signal.

DOGE-0.62%
XRP-0.97%
BTC1.07%
ETH-0.6%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)