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