“Rival crypto asset manager Bitwise launched its XRP ETF earlier this week.”, — write: www.coindesk.com
The Grayscale Dogecoin Trust ETF (GDOG) and Grayscale XRP Trust ETF (GXRP) are each structured as spot ETPs that hold their respective underlying assets.
Dogecoin, once viewed mainly as a joke cryptocurrency, has become one of the most actively traded digital assets by volume.
Meanwhile, the launch of GXRP comes as the XRP Ledger (XRPL), a blockchain tailored for cross-border payments, nears its fourteenth year. The ledger has processed over 4 billion transactions since its inception.
GXRP and GDOG were initially available as private placements before going public on NYSE Arca. Their debut adds to Grayscale’s growing suite of crypto-related investment products, which now span over 40 offerings.
Grayscale’s launches follow a wave of new altcoin ETFs. Franklin Templeton is expected to launch its own Dogecoin ETF next week, while Bitwise’s XRP ETF went live earlier this week. Bitwise’s Solana ETF (BSOL), which debuted earlier this year, has already attracted over $400 million in inflows, reflecting growing institutional interest in non-Bitcoin crypto assets.
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence’s Token Security API averaged 717 million monthly calls year-to-date in 2025, with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch, the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B, while derivatives volume peaked the same month at over $4B.
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A steep selloff pushed ICP below the $4.33 floor, with exceptional volume marking the session’s decisive breakdown.
- ICP is trading near $4,369, down 7%, extending its decline.
- A 7.86M volume spike — 224% above average — confirmed the break below $4.33 support.
- New resistance has formed at $4.69, with lower support at $4.20 now in focus.
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