Bitwise Dogecoin ETF Launches Nov. 26 as DOGE and XRP Funds Go Live Today

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’s fee is 35 basis points. However, it would be free for the first three months or $1 billion.

GDOG has attracted keen interest upon its launch. Eric Balchunas of Bloomberg Intelligence projected a volume of sales amounting to $12 million on the first day. He referred to the product as a step in the evolution of Dogecoin into a financial asset after being widely considered a meme coin. The trust model by Grayscale created interest in DOGE and its conversion will now provide liquidity advantages to long-term holders.

Bloomberg Predicts Launch Of Over 100 Crypto ETFs In Six Months

Besides the GDOG launch, Balchunas indicated that five spot crypto ETFs will be launched from November 23 until November 26. Also, majority of these launches were pushed to Monday since 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 is inclusive of funds that will be launched under the 1940 Act and leveraged products though maintained that majority of them will be spot products.

Altcoin ETFs Are Gaining Pace In The American Market

Bitwise, Grayscale, VanEck, Fidelity, Franklin, and Canary have launched and plan to launch a lot of crypto ETFs as shown by the launch calendar. Among the assets in their ETFs are Ethereum, Dogecoin, Solana, HBAR, Litecoin, and Chainlink.

These products are expected to draw a lot of attention from industry players. 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.