The US-listed Dogecoin (DOGE) spot exchange-traded fund reported zero net inflows for an additional trading session, extending a pattern of stagnant demand since its launch. Data from SoSoValue shows that total net assets are stable at around $5.25 million and no recent capital flowed into the products through the last session.
Capital Rotates Elsewhere as DOGE ETFs Miss Allocations, Liquidity Gap Limits Institutional Participation
Source: SosoValue
Capital rotates elsewhere as DOGE ETFs miss out on allocations
Zero inflow pressure is best understood in context. On the identical day, DOGE ETFs recorded no recent capital, Solana spot ETFs added $1.48 million, XRP spot ETFs added $11.93 million, and HBAR spot ETFs added $898,670. The contrast shows that investors are usually not turning away from altcoin ETFs as a bunch; They actively resolve where to deploy capital, and DOGE isn’t on that list.
Source: SosoValue
This makes the stagnation in DOGE ETFs a relative demand issue moderately than a market-wide risk aversion signal.
Issuer-level data also explains why DOGE flow continues to indicate zero. Most assets remain concentrated in Grayscale's DOGE ETF, while Bitwise's DOGE product saw net outflows. Because assets are unevenly distributed, even small withdrawals from one fund were enough to offset inflows elsewhere, leaving total inflows unchanged.
As a result, DOGE ETFs lack the issuer diversification seen in competing products, where inflows can accumulate across multiple funds moderately than cancel out.
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Liquidity gap limits institutional participation
Liquidity stays one other major obstacle. DOGE ETFs traded for just $45,460 on the day, in comparison with $15.77 million for Solana ETFs and $10.84 million for XRP ETFs. Such low turnover reduces execution flexibility and discourages large allocators that depend on depth and consistency.
Without sufficient trading activity, DOGE ETFs struggle to draw repeat institutional inflows, reinforcing the zero inflow cycle.
DOGE ETFs are also significantly behind when it comes to market penetration. Her $5.25 million fortune represents just 0.02% of Dogecoin’s market cap. In comparison, Solana ETFs now account for 1.35% of SOL's market cap, while XRP ETFs account for 0.98%.
The discrepancy suggests that DOGE has not transitioned to meaningful portfolio exposure via ETFs, whilst other altcoins have begun to accomplish that.
HBAR ETFs offer a middle-of-the-road comparison. While they’re smaller than SOL and XRP products, they proceed to draw increasing inflows. The HBAR ETF's total assets now stand at $51.82 million, with cumulative inflows of $83.7 million and a every day trading volume of $647,740 – greater than 14x the DOGE ETF.
The contrast suggests that even modest institutional narratives can support more stable ETF demand than DOGE is currently experiencing.
