Dogecoin Price Rally Fails to Stem Massive Outflows from DOGE ETFs

Dogecoin's (DOGE) price increased by 1.23% to $0.070 on August 1, despite a significant drop in Dogecoin Exchange-Traded Funds (ETFs) net assets.

According to SoSoValue data, DOGE ETFs recorded their first monthly outflows since launching in November 2025, totaling $525,980 in July 2026. The total net assets of the ETFs stand at $9.96 million, with cumulative inflows reaching $12 million.

The Grayscale Dogecoin ETF, the largest among them, has net assets worth $6.83 million and was the only one to record flows in July 2026.

A death cross on the weekly chart indicates a bearish long-term price forecast for DOGE, with a possible drop to $0.056 if it closes below the support of $0.070.