XRP News Today: While Bitcoin Leads the Market, Altcoin ETFs Face Liquidity Challenges

NYSE Arca Broadens Crypto ETF Offerings

NYSE Arca has recently expanded its suite of exchange-traded funds (ETFs) focused on cryptocurrencies, now featuring products tied to assets such as XRP, Dogecoin, and a variety of other altcoins. Among the latest launches is the Franklin Templeton XRP Spot ETF (XRPZ), which was approved for listing on November 24. This ETF comes with a competitive annual fee of 0.19%, and investors benefit from a fee waiver on the first $5 billion in assets until May 2026. Grayscale has also received the green light for its DOGE (GDOG) and XRP (GXRP) spot ETFs, with trading expected to commence soon. These developments highlight a rising institutional appetite for regulated crypto investment vehicles, as market participants increasingly prioritize transparency and regulatory compliance in a fragmented landscape.

Spotlight on Grayscale XRP Trust ETF

The Grayscale XRP Trust ETF (GXRP), scheduled to launch on November 24, 2025, holds more than 6 million XRP tokens and boasts a net asset value of $37.64 per share. Notably, XRP has attracted $90 million in recent inflows, even as the broader cryptocurrency market experienced a decline of nearly $2 billion. Additionally, CME Group reported a record daily volume of 794,903 contracts for XRP futures and options on November 21, signaling intensified speculative trading activity.

Bitwise Introduces Dogecoin ETF

Bitwise has entered the altcoin ETF arena with the launch of its Dogecoin ETF (BWOW), which received approval on November 26. This fund allows investors to gain exposure to Dogecoin (DOGE) without directly holding the token, with Coinbase serving as the custodian. BWOW features a 0.34% management fee, which is waived for the first month on the initial $500 million in assets. The ETF’s debut follows sustained demand from the Dogecoin community. Bitwise CEO Hunter Horsley highlighted DOGE’s cultural relevance and its $22 billion market capitalization. However, investors should be aware that the fund’s risks reflect Dogecoin’s inherent volatility and that it does not offer the same regulatory protections as traditional ETFs.

Performance and Market Reception

Grayscale’s XRPZ ETF has attracted significant inflows and market attention, positioning it as a prominent player among altcoin ETFs. The Grayscale Dogecoin ETF (GDOG), which began trading on November 24, saw relatively modest volumes compared to XRP and Solana ETFs. Bloomberg’s Eric Balchunas described the $1.4 million in first-day trading as “solid,” though it did not meet higher expectations, underscoring the challenge of drawing liquidity to non-Bitcoin assets. This pattern reflects a broader trend, as altcoin ETFs often face greater obstacles in gaining traction compared to Bitcoin-focused products.

Future Prospects: Zcash ETF on the Horizon

Looking forward, Grayscale’s proposal to convert its Zcash Trust into an ETF could represent another significant step. The planned ZCSH ticker aims to offer regulated access to the privacy-oriented cryptocurrency, although in-kind share creation is not yet possible due to ongoing regulatory and operational uncertainties. ZEC, the token behind Zcash, has recently climbed 5% and surged 500% over two months, highlighting growing interest in privacy coins.

Conclusion: Navigating the Expanding Crypto ETF Market

NYSE Arca’s growing roster of crypto ETFs underscores its pivotal role in connecting traditional finance with digital assets. As these products evolve, investors should pay close attention to factors such as liquidity, tracking precision, and regulatory changes. With XRP ETFs generating over $58 million in first-day trading and Solana’s BSOL ETF reaching $57 million earlier in the year, the altcoin ETF sector continues to be a dynamic and competitive space for institutional investors.