New XRP and Dogecoin ETFs Expected to Begin Trading in the Coming Days

Core Insights - The anticipated surge of spot altcoin exchange-traded fund (ETF) listings appears to be commencing, with multiple crypto ETFs expected to begin trading soon [1] Group 1: Upcoming ETF Listings - A Bitwise Asset Management XRP ETF is likely to start trading on Thursday, with a ticker symbol of XRP [2] - Grayscale and Franklin Templeton are also expected to list funds tracking XRP and Dogecoin on Monday [2] - Recent weeks have seen a series of fund launches focused on Solana and XRP, including Bitwise's Solana Staking ETF and Canary Capital's XRP ETF [3] Group 2: Investment Flows and Market Response - The Canary Capital XRP fund attracted $58 million in daily net investments on its debut, surpassing the Bitwise Solana ETF's $57 million [3] - Initial projections for the Canary Capital XRP fund's debut were around $17 million, indicating a stronger-than-expected market appetite for crypto-focused investment products [4] - The success of spot Bitcoin and Ethereum ETFs has contributed to this growing interest in altcoin ETFs [4] Group 3: Market Size and Trends - Currently, 11 Bitcoin funds manage over $130 billion in assets, with BlackRock's iShares Bitcoin Trust holding more than half of this total [5] - Nine Ethereum funds collectively oversee more than $18 billion in investments [5] - Numerous ETF proposals focused on individual altcoins and crypto strategies have been submitted to the U.S. Securities and Exchange Commission [6]