## Grayscale Dual-Coin ETF Launches Monday, NYSE Welcomes Era of Altcoin Institutionalization

You might not have noticed, but the derivatives market has already signaled this ahead of time.

According to the latest data, $DOGE derivatives trading volume has surged over 30% in recent times, reaching a peak trading volume of $7.22 billion. The performance of $XRP is even more remarkable — derivatives trading volume soared 51%, surpassing $12.74 billion. This abnormal trading activity is no coincidence but a signal of institutional investors' early positioning ahead of the imminent listing of the Grayscale spot ETF.

On Monday, the NYSE will welcome two major products — the Grayscale DOGE Trust ETF and the Grayscale XRP Trust ETF — for official trading. This not only expands Grayscale’s product lineup but also signifies official recognition by U.S. regulators of mainstream altcoins.

**Why now?**

Grayscale’s move is not sudden. The $XRP ETF under Bitwise was launched earlier this week, and the $SOL ETF introduced by this organization has attracted over $400 million since its debut in the first half of this year. Franklin Templeton also announced plans to launch its own $DOGE ETF. The entire market is experiencing a wave of concentrated altcoin ETF launches.

**What is the real significance of this?**

Dogecoin, once considered a "joke currency," has now become one of the most actively traded digital assets. Meanwhile, XRP, long mired in controversy, boasts a solid underlying technology — the XRP Ledger, which has been running for fourteen years, processing over 4 billion transactions with impressive results. The core value of these ETF listings lies in opening formal channels for traditional capital to enter the crypto market.

Any retail investor holding a securities account will be able to easily allocate to DOGE and XRP without opening a cryptocurrency exchange account. From a regulatory perspective, this marks a watershed moment for crypto assets transitioning from the fringe to mainstream — the institutional era is officially beginning.

**Next signals**

The early warming of the derivatives market indicates that major institutions have already sensed the opportunity. With the Grayscale ETF officially opening on Monday, it is expected that traditional funds will accelerate their influx, triggering a chain reaction in the spot market. Cryptocurrency is no longer purely speculative; it is gradually evolving into one of the mainstream asset allocation options.