Dogecoin ETF Sees Net Inflows of Only $12 Million, XRP Reaches $1.7 Billion

Data shows that since their launch in November last year, three U.S. Dogecoin ETFs have seen cumulative net inflows of just over $12 million in nearly 10 months, while the XRP ETF attracted $12.29 million in a single day on September 9. Since their inception, the cumulative net inflows for XRP and Solana-related ETFs have reached $1.7 billion and $1.36 billion, respectively, both exceeding the DOGE fund by 100 times. The DOGE ETF has had limited capital inflows, recording net inflows on only 28 days out of 199 trading days, with net outflows on 5 days, and the remaining 166 days showing zero net capital flow, accounting for over 83%. In the past 20 trading days, the XRP and SOL ETFs have raised $190.5 million and $199 million, respectively, while the DOGE ETF saw a net outflow of about $108,000. Analysts believe that Dogecoin already has high liquidity and extensive trading channels, and the compliant investment entry provided by the ETF has failed to meet investor demand. With the closure of BWOW, the core issue regarding altcoin ETFs has become more prominent: how much new investment demand can ETFs bring to assets like DOGE?

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.