Compass Investments

– The value of XRP and Dogecoin (DOGE) increased as crypto investment giant Grayscale announced new spot exchange-traded funds (ETFs) for both assets on Monday.

Grayscale moved both new instruments, which are now traded on the NYSE Arca ETF and Securities Exchange Traded Funds, out of previously held trusts.

Dogecoin ETF, entitled GDOG, became the first pure spot DOGE exchange-traded fund available in the United States. A number of spot XRP ETFs were launched earlier this fall.

XRP has risen more than 7% over the past 24 hours. At the time of publication, this crypto-asset, which occupies the 4th position by market capitalization, is quoted at $2.20.

DOGE added almost 4.5% in the last 24 hours. The cryptocurrency, which is the 10th largest cryptocurrency by capitalization, is trading at $0.152.

Eric Balchunas, lead ETF analyst at Bloomberg Intelligence, predicts the launch of five spot cryptocurrency ETFs in the next six days, with many more to be announced in the months ahead.

Further, we don’t have exact [numbers], but we anticipate a steady number of them (probably over 100 over the next six months)

Great infographic showing the already launched and upcoming ones from [Bloomberg Intelligence senior analyst] James Seyffarth.