Grayscale's XRP and Dogecoin exchange-traded funds (ETFs) are set to begin trading on the New York Stock Exchange tomorrow, following recent approvals from the US Securities and Exchange Commission. The XRP approval was announced in a release on November 21, the same day the DODGE ETF received its green light. Bloomberg's ETF analyst Eric Balchunas projected that trading volume for the Dogecoin ETF could reach $11 million on its first day. The approval comes at a challenging time for crypto markets, which are experiencing a downturn. Investors have been pulling money out of Bitcoin ETFs, with $548 million withdrawn on November 20 alone. Notably, the BlackRock iShares Bitcoin Trust saw $355 million exit as Bitcoin prices fell to a nine-month low. Despite these market concerns, both the NYSE and the SEC appear to be more receptive to new altcoin ETFs, as shown by the recent debut of other products like the Canary Capital XRP ETF, which reported a record-setting first-day volume of $59 million. Grayscale is not new to the ETF scene, having launched products related to Bitcoin, Ethereum, and Solana in the past. The company was founded in 2013 and has established itself as a significant player in the crypto investment space. Notably, Grayscale’s Dogecoin ETF won't be the first of its kind, as REX Shares and Osprey Funds had previously launched their own DOGE ETF in September under the 1940 Investment Company Act, allowing them to bypass direct SEC approval. With multiple ETFs launching amid market volatility, traders are left hoping that the declines in major cryptocurrencies won’t dampen interest in these new financial products.