Dogecoin exchange-traded products are struggling to gain traction, as institutional demand remains weak despite heightened market attention. While ETF volumes continue to decline, some analysts remain confident that DOGE could still reach the $1 mark by 2026.
Recent data shows that Dogecoin ETF offerings have failed to attract meaningful capital inflows, leading to a sharp drop in trading activity. Nevertheless, market experts argue that ETF performance does not necessarily reflect Dogecoin’s long-term price potential.
Dogecoin ETF Volumes Fall Short of Expectations
Dogecoin investment products launched by Bitwise and Grayscale have yet to meet market expectations. According to SoSoValue data, no new inflows were recorded between December 7 and December 9, signaling limited institutional participation.
Total trading volume across these products has fallen to approximately $159,000, a significant decline compared to late November levels, when volumes exceeded $3.2 million. This slowdown highlights the broader challenge meme coin ETFs face in attracting large-scale investors.
Despite the weak ETF activity, Dogecoin itself remains actively traded. The meme coin posted a 24-hour trading volume of $1.09 billion and maintains a market capitalization close to $23.5 billion, indicating continued retail interest.
Analysts suggest that many investors prefer trading Dogecoin directly on centralized exchanges rather than gaining exposure through ETFs. Additionally, Dogecoin’s speculative reputation may deter institutional asset managers seeking assets with clearer fundamentals. A similar trend has been observed with Litecoin ETFs, which have also experienced extended periods without inflows.
In contrast, the REX Osprey DOJE fund, launched in September, saw strong early momentum. The fund recorded nearly $6 million in trading volume within its first hour and has since grown to approximately $23.6 million in assets under management.
Grayscale’s Dogecoin Trust, however, has had a slower start since its November launch. ETF analyst Eric Balchunas had projected $12 million in first-day trading volume, but the product recorded only $1.4 million.
Analyst Sticks to $1 Dogecoin Forecast for 2026
Despite the ETF headwinds, crypto analyst Trader Tardigrade has reiterated his bullish outlook for Dogecoin. The trader reaffirmed his projection that DOGE could reach $1 by 2026, citing the coin’s resilience around a key support level.
Further developments could also influence Dogecoin’s outlook. Last week, 21Shares updated its SEC filing, confirming that its Dogecoin ETF is expected to list on Nasdaq this month under the ticker “TDOG.”
In addition, Dogecoin has been added to the Franklin Crypto Index ETF following updated Cboe rules that allow asset managers to hold a broader range of cryptocurrencies. While Dogecoin ETFs lag behind, other crypto-linked funds are seeing stronger demand, with XRP ETFs recording $16.4 million in inflows and Solana ETFs attracting $11 million in a single day.
