Dogecoin’s first spot ETF product has been operational in the US since November 24, 2025, and judging by the numbers from SoSoValue, we can say: $Doge ETFs have yet to live up to the hype surrounding them.
As of February 19th, the cumulative net inflows in the United States were $Doge The Spot ETF had $6.67 million with net inflows of $0 for 18 consecutive days, giving it a total net asset value of approximately $8.8 million.
Less than 1% of market capitalization: Institutional investors demand $Doge Are you just late?
The total trading volume in the most recent session was approximately $247,000. For context, major Bitcoin and Ethereum ETFs have moved billions of dollars in their first weeks, setting a benchmark that new crypto funds are sure to face. This raises the question whether demand for this meme-born asset was overestimated.
Three issuers currently dominate the market. $Doge ETF table: GDOG by Grayscale, net assets of approximately $6.38 million. 21Shares’ TDOG is approximately $1.77 million. And Bitwise’s BWOW is approximately $641,000. The segment itself is quite small, accounting for less than 1% of Dogecoin’s $16.25 billion market capitalization, according to CoinMarketCap.
$Doge At the time of writing, the stock was trading at around $0.096, down more than 1.5% on the day and well below the $0.15 resistance seen earlier this year. The long-term chart has shown a consistent downward trend since September 2025, with recent attempts to reach higher levels failing miserably.
It may be premature to call the ETF a failure at this stage. However, expectations for the institutionalization of memetic assets were clearly higher than what Dogecoin’s current flow data reflects.
A more relevant question is: $Doge You can create sustained traffic beyond early adopters. Issuers may face commercial pressures if assets under management remain below $10 million and trading activity remains weak.
