Data released on Sept. 14 showed that the three tracked U.S. Dogecoin exchange-traded funds have brought in only a little more than $12 million in cumulative net inflows since launching in November last year, a weak result compared with other altcoin-linked products. The gap is particularly stark against XRP ETFs, which attracted $12.29 million on Sept. 9 alone.
Since launch, XRP-related ETFs have recorded cumulative net inflows of $1.7 billion, while Solana-linked ETFs have taken in $1.36 billion. Both totals are more than 100 times larger than the amount absorbed by DOGE funds. Flow activity in Dogecoin ETFs has also been sparse: out of 199 trading days in the sample, only 28 posted net inflows and five saw net outflows, while the remaining 166 days showed zero net movement, accounting for more than 83% of the total.
Over the past 20 trading days, XRP and SOL ETFs pulled in $190.5 million and $199 million respectively. DOGE ETFs, by contrast, posted net outflows of about $108,000. The analysis cited in the report said Dogecoin already has high liquidity and broad trading access, limiting the appeal of an ETF as a compliant entry point. With BWOW shutting down, the report said the broader question around altcoin ETFs has become clearer: if the product only offers price exposure, how much new investor demand can it really bring to assets such as DOGE?
Data released on Sept. 14 showed that the three tracked U.S. Dogecoin ETFs have recorded cumulative net inflows of only a little more than $12 million since their launch in November last year, covering nearly 10 months. By comparison, XRP ETFs attracted $12.29 million in a single day on Sept. 9 alone.
XRP- and Solana-related ETFs have taken in far larger sums since launch, with cumulative net inflows reaching $1.7 billion and $1.36 billion respectively. Both figures are more than 100 times larger than the total for DOGE funds.
Flow activity in DOGE ETFs has remained limited. In 199 tracked trading days, only 28 sessions posted net inflows and five recorded net outflows. The other 166 sessions showed zero net flow, accounting for more than 83% of the total.
Over the past 20 trading days, XRP and SOL ETFs brought in $190.5 million and $199 million respectively, while DOGE ETFs saw net outflows of about $108,000.
The analysis said Dogecoin already has relatively high liquidity and broad trading access, meaning the compliant investment entry offered by an ETF has not addressed what investors actually need. With BWOW closing, the report said the central issue around altcoin ETFs has become more visible: if an ETF only provides price exposure, how much new investment demand can it really add for assets such as DOGE?
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