The New York Stock Exchange has approved the listing of Grayscale’s XRP and Dogecoin exchange-traded funds, set to start trading on Monday. This comes as altcoin ETF approvals surge. Analysts warn continued ETF withdrawals could push Bitcoin to $82K. Grayscale’s conversions are part of a wave of new crypto ETFs in the US.

NYSE Arca’s ETF-focused subsidiary confirmed the listing and registration of Grayscale XRP Trust ETF Shares and Dogecoin Trust ETF Shares. These are conversions of private trusts into fully listed ETFs. The approval sets the stage for widespread ETF access to XRP and Dogecoin, two of the crypto market’s most followed assets.

Grayscale’s Dogecoin ETF will be the second in the US, following REX-Osprey DOGE. Grayscale now offers ETF products tied to Bitcoin, Ethereum, Dogecoin, Solana, and XRP, expanding its portfolio as demand for altcoin-focused funds grows. Despite weakening sentiment around crypto ETFs, issuers continue to launch new products.

US spot Bitcoin ETFs witnessed significant outflows recently, with BlackRock’s IBIT, Grayscale’s GBTC, and Fidelity’s FBTC all experiencing substantial losses. The sector faces its worst week since February, with about $4 billion pulled in the past month as Bitcoin dropped around 30%. Each $1 billion outflow corresponds to a 3.4% drop in Bitcoin’s price.

Despite the turbulence, issuers are pushing forward with new crypto-linked ETF launches. However, institutional desks report growing caution, with clients fearing the October price peak may signal the cycle’s end. The inability of the asset class to bounce convincingly is causing concern in the market, leading to double-digit declines in newly launched ETFs.

Read more at Yahoo Finance: NYSE Approves Listings for Grayscale’s XRP and Dogecoin ETFs