Dogecoin ETF Struggles Amid Billions for Rival Altcoin Funds

Dogecoin ETFs are struggling to attract fresh capital despite having deep liquidity and being widely available through exchanges and brokerage platforms.

According to data, tracked DOGE funds collected just over $12 million, while XRP and Solana ETFs have pulled in billions. The contrast is stark: XRP ETFs attracted $12.29 million on September 9 alone, surpassing the cumulative net inflows of the three tracked U.S. Dogecoin ETFs over nearly 10 months.

The closure of Bitwise's BWOW Dogecoin ETF less than a year after launch highlights this problem. The fund held just $687,713 in assets as of September 9 and is set to liquidate on October 14.