Dogecoin Just Suffered An 80% Crash In This Major Metric
Dogecoin’s highly anticipated ETF debut has taken an surprising gradual flip. What started as a robust opening for the brand new GDOG fund rapidly pale as inflows collapsed in dramatic style. The launch was anticipated to present Dogecoin a significant enhance by opening the door for recent institutional participation. Instead, the alternative has occurred, and the Dogecoin ETF has seen its inflows collapse by 80%.
Spot Dogecoin ETF Just Suffered An 80% Crash In Inflows
The launch of Grayscale Investments’ first-ever spot Dogecoin ETF underneath the ticker GDOG was hailed as a monumental second, the primary time Dogecoin can be accessible to on a regular basis traders by way of a standard brokerage. On November 24, 2025, the product went live on the NYSE Arca, changing Grayscale’s present DOGE belief right into a publicly traded ETF.
However, simply 48 hours after launch, the joy seems to have cooled down. Although the primary day reportedly pulled in roughly $1.8 million in inflows, the second day noticed solely about $365,420, a collapse of about 80% in early momentum. This has pushed the cumulative internet inflows to round $2.16 million, however this can be a modest determine for what many anticipated can be a serious catalyst for Dogecoin.
Expectations for GDOG were high. Observers pointed to prior early influx successes with crypto ETFs, notably these for Bitcoin, Ethereum, and extra just lately Solana, which collectively helped push capital inflows at a big scale. To put this into comparability, Spot Solana ETFs, which first went live on October 18, raked in $117.39 million in inflows within the first two days of buying and selling. The recently launched Spot XRP ETFs additionally noticed inflows of $243.05 million on their first day of buying and selling.
According to data from SoSoValue, Dogecoin ETF buying and selling quantity for the primary day was simply $1.41 million, far under many projections. The momentum pale even sooner on day two, with quantity falling by roughly 78% to $397,620.
What It Means for DOGE And The Meme-Coin Space
The smooth begin of GDOG raises questions on whether or not meme cash like DOGE can really thrive underneath conventional monetary frameworks. On one hand, the ETF itemizing is a milestone: a token born as a joke is now buying and selling alongside conventional property on main exchanges. On the opposite, the weak capital flows trace at limits to demand amongst institutional traders.
However, it’s nonetheless too early to conclude. The long-term relevance of DOGE ETFs can solely be judged as soon as the market has had time to digest these new merchandise. A profitable DOGE ETF might open the door to other meme-coin funds (some recommend even an ETF for Shiba Inu could observe).
In addition to Grayscale, different asset managers have Spot Dogecoin ETFs lined up and able to hit the market. Bitwise launched its Dogecoin ETF on Wednesday following Grayscale’s debut, however early influx numbers are but to return in. The asset supervisor noted they weren’t expecting to launch this product however are solely doing so as a result of the DOGE neighborhood requested it.