The New York Stock Exchange (NYSE) has approved the listing of Grayscale’s exchange-traded funds (ETFs) for Dogecoin and XRP, with both products scheduled to begin trading on Monday. NYSE Arca, a subsidiary of the exchange, filed for certification with the Securities and Exchange Commission (SEC) on Friday, confirming its approval for the Grayscale XRP Trust (GXRP) and the Grayscale Dogecoin Trust (GDOG).

The approval from the NYSE represents the final step required for the spot crypto funds to go live. Grayscale’s Dogecoin ETF is a conversion of the firm’s existing trust that tracks the price of DOGE. According to Bloomberg senior ETF analyst Eric Balchunas, the fund could attract around $11 million in volume on its first day. Balchunas also noted that a Grayscale ETF tied to Chainlink is expected to follow in the coming week.

XRP ETFs Enter a Competitive Market

Grayscale’s XRP ETF is launching into an increasingly crowded field. It is expected to debut alongside a competing product from Franklin Templeton, while another XRP ETF from WisdomTree is also awaiting its launch.

The first spot XRP ETF in the U.S. was Canary Capital’s ETF (XRPC), which had a strong start with over $250 million of inflows during its first trading day. In addition, asset managers Bitwise, 21Shares, and CoinShares have also launched their own XRP ETFs this month as firms move to capitalize on clearer regulatory conditions.

Despite the wave of product launches, which are often seen as a positive catalyst for an underlying asset, XRP’s price has declined by approximately 18%, according to data from CoinGecko.