post<\/a> about today\u2019s launch.<\/p>\nResponding to one of his followers regarding his expectations for how these funds may perform on day one, Balchunas said he expects multi-million dollar trading volumes for GDOG.<\/p>\n
\u201cInitial guess maybe $11 million. But will ponder more,\u201d he said.<\/p>\n
<\/p>\n
Altcoins ETFs impress at launch<\/h1>\n
Over the past few weeks, a number of altcoin-focused ETFs, including those tied to XRP, Solana, Litecoin, and HBAR, have surfaced thanks to updated SEC legislation that fast-tracked approvals, which were once delayed by procedural red tape.<\/p>\n
Late last month, Bitwise launched its Solana ETF, which began trading alongside Canary Capital\u2019s Litecoin and HBAR funds. In the weeks since, new filings and launches from issuers like Franklin Templeton, 21Shares, and Bitwise have rapidly entered the market.<\/p>\n
Most of these ETFs have witnessed solid day-one numbers, with Bitwise\u2019s Solana fund posting nearly $70 million in net inflows at the launch day close, while Canary\u2019s XRP ETF recorded over $250 million when first-day trading ended.<\/p>\n
For Grayscale\u2019s GXRP and GDOG ETFs, however, the launch day may be more muted, as the overall crypto market remains in peril. Bitcoin continues to sink below multi-month lows and is giving back most of the gains it posted earlier in the year.<\/p>\n
As previously reported by crypto.news, ETF funds from Grayscale and BlackRock have led the recent wave of outflows, as investors continue to pull out funds in what appears to be widespread year-end profit taking and risk-off repositioning.<\/p>\n
<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
Grayscale\u2019s Dogecoin and XRP exchange-traded funds have been cleared for listing on the New York Stock Exchange and are expected to debut later today. Summary NYSE Arca secured regulatory signoff…<\/p>\n","protected":false},"author":1,"featured_media":4250,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-16463","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16463","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=16463"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16463\/revisions"}],"predecessor-version":[{"id":16464,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16463\/revisions\/16464"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/4250"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=16463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=16463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=16463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}