Bitwise Dogecoin ETF Launches as DOGE, XRP Go Live

A new round of spot crypto ETFs is launching this week as issuers move quickly to capture rising demand for regulated digital asset products. Bitwise will debut its Dogecoin ETF on November 26.

This will follow the launch of two altcoin funds which are scheduled for today. Also, the rollout marks one of the most active stretches for crypto ETFs since U.S. regulators approved Bitcoin products.

Grayscale’s GDOG Becomes First U.S. Spot Dogecoin ETF

Two major ETFs tied to XRP and Dogecoin begin trading today. These are the Grayscale XRP and Dogecoin Trust ETFs. The Grayscale DOGE fund has converted into a spot Dogecoin ETF and will trade under the ticker GDOG.

Also, its XRP Trust will be converted to spot and trade with the GRXP ticker. Grayscale’s conversions follow a recent NYSE approval for both its DOGE and XRP ETFs.

Grayscale confirmed that GDOG is the first spot Dogecoin ETF in the United States. The fund charges a 35-basis point fee, although the fee is waived to zero for the first $1 billion in assets or until the first three months.

The arrival of GDOG has drawn particular attention. Eric Balchunas of Bloomberg Intelligence predicted $12 million in first-day trading volume. He also called the product a notable milestone for Dogecoin’s shift from meme status to a fully recognized financial asset. Grayscale’s historical trust model helped build early interest in DOGE, and the conversion now gives long-term holders liquidity benefits.

Bloomberg Expects Over 100 New Crypto ETFs in 6 Months

Balchunas highlighted the timeline in a series of updates. He noted that five spot crypto ETFs are set to launch between November 23 and November 26. Most launches shifted to Monday because November 23 fell on a Sunday.

The Bitwise Dogecoin ETF launching on November 26 adds another major issuer to the DOGE market. This week marks a major moment for Dogecoin as new ETF products enter the market.

Bitwise has expanded its altcoin ETF lineup aggressively in recent months, including the addition of a XRP ETF. Furthermore, Balchunas said that more than 100 new crypto ETFs are expected to launch by May 2026, reflecting intense competition among issuers. His estimate includes 1940 Act funds and leveraged products, but he said most upcoming products will be spot-based.

Altcoin ETFs Growth Accelerates Across U.S. Market

The ETF launch calendar shows aggressive activity from Bitwise, Grayscale, VanEck, Fidelity, Franklin, and Canary. Notably, XRP, Dogecoin, Solana, HBAR, Litecoin, and Chainlink are among the assets receiving new ETF offerings.

Industry analysts expect strong interest in these launches. One expert project nearly $30 million in first-day volume for the Franklin Templeton XRP ETF.

The rapid expansion shows how quickly the ETF market is widening beyond Bitcoin and Ethereum as investors look for diversified exposure. In addition, this week’s launches may set the tone for a broader ETF wave. Adoption will likely rise as more products gain liquidity and visibility across U.S. markets.