Dogecoin ETF struggles, attracting only $12 million in nearly 10 months, while XRP has seen net inflows of $1.7 billion since its launch.

BlockBeats news, September 14 — Data shows that the three U.S. Dogecoin ETFs currently tracked have accumulated net inflows of just over $12 million in the nearly 10 months since their launch last November, while XRP ETFs attracted $12.29 million in a single day on September 9. By comparison, XRP- and Solana-related ETFs have accumulated net inflows of $1.7 billion and $1.36 billion respectively since listing, both exceeding the DOGE funds by more than 100 times.

Inflows into DOGE ETFs have also been extremely limited. Of the 199 trading days counted, only 28 days recorded net inflows and 5 days saw net outflows, while the remaining 166 days had zero net flows, accounting for more than 83%. Over the past 20 trading days, XRP and SOL ETFs attracted $190.5 million and $199 million respectively, while DOGE ETFs instead saw net outflows of about $108,000.

Analysts believe that Dogecoin itself already has relatively high liquidity and broad trading channels, and the "compliant investment gateway" offered by ETFs has not addressed investors' real needs. With BWOW shutting down, the core question facing altcoin ETFs has become even more prominent: if they merely provide price exposure, how much incremental investment demand can ETFs actually bring to assets such as DOGE?