Core Insights - Grayscale's Dogecoin ETF (GDOG) launched with zero first-day inflows, raising concerns about the market's potential decline towards $0.13 [1][2] - The ETF's debut saw no net creations, a rare occurrence for a new single-asset product, despite active trading [2] - Secondary trading volume was approximately $1.41 million, significantly lower than the projected $12 million [3] Company Perspective - Grayscale emphasized a long-term investment strategy over immediate inflows, highlighting the benefits of GDOG's listing on NYSE Arca [4] - The company aims to enhance investor access to digital assets, aligning with the maturation of Dogecoin from internet culture to real-world utility [5] Industry Context - The launch of GDOG occurs amid a challenging environment for single-asset crypto ETFs, with nearly $2 billion in weekly outflows from crypto investment products [5] - Over 100 single-token ETFs are anticipated to enter the market in the coming months, increasing competition [5] - Technical analysis indicates that Dogecoin's price has faced resistance, with key moving averages between $0.147 and $0.170 acting as barriers [7]

Another Dogecoin (DOGE) ETF is expected to hit the market soon after NYSE Arca approved the listing and registration of Bitwise’s Dogecoin ETF, BWOW, according to an SEC filing from Tuesday.  BWOW, registered under the Securities Act of 1933, will grant investors exposure to the leading meme coin, with assets to be custodied by Coinbase Custody Trust.  The certification comes just a day after Grayscale launched its spot Dogecoin ETF—GDOG—which earned around $1.4 million in daily trading volume.  Though “sol ...

Core Insights - The Canary Litecoin ETF (LTCC) has experienced zero inflows for five consecutive trading sessions, indicating weak demand compared to other crypto ETFs like Solana and XRP [2][3] - LTCC's net assets are currently at $7.44 million, with cumulative inflows since its launch on October 28 totaling just $7.26 million [2] - In contrast, Solana ETFs and XRP ETFs have seen significant inflows, with Solana-linked ETFs attracting nearly $570 million and XRP ETFs reaching $586 million since their launches [3] Group 1: ETF Performance - The LTCC has the weakest performance among newly launched crypto ETFs, with minimal trading activity and a total volume of only $747,600 to date [2][3] - Both Solana and XRP ETFs have maintained continuous inflow momentum, with no recorded outflow days since their debut [4] Group 2: Market Outlook - Despite the lack of momentum in the Litecoin ETF, LTC is currently trading around $84.94, showing a broader decline from earlier levels this year [5] - Market experts remain bullish on LTC, with a 30% increase in 24-hour trading volume indicating a potential build-up of bullish momentum [5] - Analysts predict that LTC could reach a price range between $1,000 and $2,000 during the current market cycle, suggesting a parabolic rally could occur in 2026-2027 [6]

Core Insights - Grayscale's Dogecoin ETF (GDOG) launched on November 24 with a muted reception, posting zero net inflows and only $1.41 million in trading volume, significantly below initial expectations of around $12 million [1][2] - The lackluster debut of GDOG contrasts with the positive performance of altcoin ETFs, which are experiencing renewed interest as the broader market attempts a recovery [2][6] ETF Performance - Bitcoin ETFs faced significant outflows, with a total of $151 million in net outflows recorded on the same day, reversing a previous rebound of $203 million [4] - BlackRock's IBIT fund was particularly affected, suffering $149 million in outflows, while Fidelity's FBTC was the only fund to see inflows, totaling $15.49 million [4][5] - Altcoin-focused ETFs, particularly those for XRP, Ethereum, and Solana, saw fresh inflows, indicating a shift in investor sentiment [6][8] XRP and Ethereum ETFs - XRP ETFs experienced a remarkable inflow of $164 million, marking their largest daily inflow to date and the seventh consecutive day of gains, with Grayscale's GXRP and Franklin Templeton's XRPZ leading the inflows [9] - Ethereum ETFs also rebounded after a period of outflows, recording $96.67 million in inflows, primarily driven by BlackRock's ETHA, which contributed $92.6 million [10]

The crypto investment firm Grayscale’s XRP and Dogecoin exchange-traded funds, or ETFs, will begin trading on the New York Stock Exchange tomorrow. The US Securities and Exchange Commission issued its approval for the XRP ETF fund in a November 21 release, with a separate note published the same day confirming the DODGE ETF approval. On X, Bloomberg’s senior ETF analyst Eric Balchunas said that the Dogecoin ETF’s transaction volumes could hit the $11 million mark on November 24. “[SEC approval for the Gr ...

Core Insights - Grayscale is set to launch new exchange-traded fund (ETF) products linked to Dogecoin and XRP on November 24, following approval to list these products on the New York Stock Exchange [1][2] - The Grayscale Dogecoin Trust ETF (GDOG) and Grayscale XRP Trust ETF (GXRP) will be spot ETPs that hold their respective underlying tokens, marking a significant liquidity event for current investors [2][3] - The launch of GDOG and GXRP expands the range of crypto ETFs available in the US, moving beyond the initial focus on Bitcoin and Ethereum products [4] Company Developments - Grayscale is converting its existing private trusts into fully listed ETFs, which is expected to attract significant investor interest [2] - The GXRP ETF will enter a competitive market that already includes products from Canary Capital and Bitwise, which have seen combined inflows of approximately $422 million in their first two weeks of trading [2][3] - GDOG will be among the first Dogecoin ETFs available to US investors, capitalizing on Dogecoin's popularity and retail following [3] Industry Trends - The launch of these ETFs reflects a broader shift in regulatory conditions under SEC Chairman Paul Atkins, who is moving towards a disclosure-focused framework for digital assets [5] - The SEC's "Project Crypto" initiative indicates a willingness to review compliant digital asset products, facilitating the listing of new ETFs [5] - Analysts predict that GDOG could attract as much as $11 million in trading volume on its first day, highlighting strong market interest [4]

Stocks may be rallying, but cryptocurrencies and Bitcoin are still getting wrung outStocks may be rallying today, but Bitcoin (BTC) is still stuck in the mud. The volatile cryptocurrency is down 3.9% so far today and has shed 23% in the past month. The slump has dragged BTC exchange-traded fund (ETF) iShares Bitcoin Trust ETF (NASDAQ:IBIT) deep in the red as well, attracting increased options activity.IBIT is down 3.8% to trade at $47.07, heading for its eighth loss in the last nine trading sessions. The ET ...

Core Insights - Bitwise Asset Management launched its Spot XRP ETF on the New York Stock Exchange on November 20, securing the ticker symbol "XRP," indicating strong exchange confidence in the product as a primary liquid vehicle for institutional investors [1] - The ETF has a unitary management fee of 0.34%, which will be waived for the first month on the first $500 million in assets [2] - The ETF is physically backed, holding actual XRP rather than derivatives or futures contracts [2] Competitive Landscape - Bitwise is now the second player in the US spot XRP market, following Canary Capital's launch of the first product on November 13, with Franklin Templeton expected to launch its offering on November 24 [4] - The sequence of launches suggests a growing institutional acceptance of XRP as an asset [4] - Bitwise previously launched a physical XRP ETP in Europe in 2022, and the US launch is part of a multi-year global strategy [4] Regulatory Environment - The ETF's prospectus cites legal clarity from the conclusion of the SEC vs Ripple litigation and relies on the GENIUS Act, enacted on July 18, 2025, which provides clear definitions for payment assets [6] - The GENIUS Act creates a jurisdictional carve-out for certain payment-focused digital assets, reducing SEC oversight [6] - This legislative clarity was a catalyst for the listing of these ETFs in 2025 [7] Market Metrics - XRP currently has a market capitalization of $127 billion, highlighting its significant presence in the crypto market [7] - The XRP Ledger has processed over 4 billion transactions since its inception, with an average daily volume of $1.9 billion [7]

Core Insights - The launch of the first U.S. spot XRP exchange-traded fund (ETF) by Canary Capital on November 13, 2025, was anticipated to be a significant event for Ripple's cryptocurrency, attracting nearly $250 million in inflows on its first day and achieving a record $58 million in trading volume [2][7]. Group 1: ETF Launch and Performance - The Canary XRP ETF, trading under the XRPC ticker, is the first U.S. spot ETF backed by XRP, utilizing an in-kind creation and redemption mechanism that allows authorized participants to deposit XRP directly with the fund, reducing tracking error and appealing to institutional investors [6]. - The ETF's debut generated the highest day-one trading volume among over 900 ETFs launched in 2025, indicating strong market interest [7]. - Despite the strong inflows, XRP experienced a decline of approximately 8% to 9% within a day, dropping from around $2.31 to the $2.20 range, highlighting the complex dynamics affecting the cryptocurrency market [3][4]. Group 2: Market Dynamics and Investor Sentiment - The in-kind creation structure of the ETF allowed holders to deposit tokens directly, which mitigated immediate impacts on the spot price, contributing to the price decline despite the ETF's success [4]. - A broader selloff in the cryptocurrency market led to $28 million in XRP liquidations within 24 hours as traders unwound leveraged long positions, further influencing the price drop [4]. - The strong inflow into the ETF reflects pent-up demand for regulated XRP exposure, as U.S. investors previously had limited access to XRP through trust products or offshore vehicles [8].

Core Insights - XRP is one of the oldest and most successful cryptocurrencies, launched by Ripple in 2012, currently valued at $139 billion, making it the fourth-largest cryptocurrency by market cap as of November 14 [1] - Over the past six months, XRP has decreased by 10%, underperforming compared to Bitcoin and Ethereum, but recent developments may provide a potential recovery [1] Group 1: ETF Approval - A spot XRP ETF has received regulatory approval and began trading on November 13, achieving $58 million in trading volume on its first day, the highest for any ETF launched this year [3] - Spot ETFs allow direct exposure to the underlying cryptocurrency, enabling institutional investors and retail investors to invest in XRP through retirement accounts [4] - Historical data shows that Bitcoin ETFs have attracted $59 billion and Ethereum ETFs have garnered $13 billion in inflows, indicating the potential for XRP's long-term growth prospects despite current market conditions [5] Group 2: Investment Considerations - Analysts from The Motley Fool Stock Advisor have identified ten stocks they believe are better investment opportunities than XRP, suggesting caution for potential investors [6] - The historical performance of stocks recommended by The Motley Fool indicates significant returns, highlighting the importance of thorough research before investing in XRP [7][8]