Dogecoin ETFs struggle with low inflows, while XRP and Solana ETFs outperform by 100x

HuoXing Finance reports that, as of September 14, data shows that the three U.S.-listed Dogecoin ETFs, since their launch in November last year, have attracted a net inflow of just over $12 million over the past 10 months. In contrast, the XRP ETF alone attracted $12.29 million in a single day on September 9. By comparison, the cumulative net inflows for XRP- and Solana-related ETFs since their launches have reached $1.7 billion and $1.36 billion respectively—each exceeding DOGE ETF inflows by more than 100 times. DOGE ETF inflows have also been extremely limited: among 199 trading days tracked, only 28 days recorded net inflows, five days saw net outflows, and the remaining 166 days had zero net flow—accounting for over 83%. Over the past 20 trading days, XRP and SOL ETFs attracted $190.5 million and $199 million respectively, while the DOGE ETF experienced a net outflow of approximately $108,000. Analysts suggest that Dogecoin already possesses high liquidity and broad trading access, so the ETF’s “compliant investment channel” has not addressed investors’ core needs. With BWOW’s closure, the fundamental issue surrounding altcoin ETFs has become even more apparent: if an ETF merely provides price exposure, how much additional investment demand can it truly generate for assets like DOGE?