Grayscale Dogecoin, XRP ETFs Add to Flurry of Altcoin Fund Debuts

Group 1 - Grayscale has launched exchange-traded funds (ETFs) for Dogecoin (DOGE) and XRP, which began trading on NYSE Arca under the tickers GDOG and GXRP [1] - The GDOG and GXRP funds will have a 0% expense ratio for the first three months or until $1 billion is traded, a strategy to attract investors [2] - The launch of these ETFs coincides with a surge in altcoin ETFs, with over 100 crypto ETFs expected to be listed in the next six months [3] Group 2 - Canary Capital's XRP ETF achieved over $58 million in trading volume on its first day, marking it as the strongest ETF debut of the year [4] - The market is seeing a rise in leveraged ETFs for cryptocurrencies like Dogecoin, Bitcoin, and Ethereum, indicating a growing appetite for risk among investors [4] - XRP is currently trading at $2.07, down approximately 43% from its all-time high of $3.65, while DOGE is at $0.14, down 80% from its 2021 peak of $0.73 [5]