Grayscale Investments is set to launch spot exchange-traded funds (ETFs) for Dogecoin (GDOG) and XRP (GXRP) on the NYSE Arca on November 24, 2025. This marks a significant step in providing mainstream investors with regulated access to major altcoins, allowing them to gain exposure through traditional brokerage accounts without directly holding the cryptocurrencies. The debut of these products follows the conversion of Grayscale's existing private-placement trusts into publicly traded ETFs. While not a direct announcement from Coinbase, the expansion of cryptocurrency investment vehicles by a major asset manager like Grayscale is indicative of the increasing integration of digital assets into the traditional financial system. This trend is broadly positive for the crypto ecosystem in which Coinbase is a key player, potentially leading to greater market liquidity and adoption.