US spot Dogecoin exchange-traded funds (ETFs) are showing early signs of cooling demand, as total value traded (TVT) has fallen to its lowest level since launch
SoSoValue data showed that on Monday, Dogecoin ETFs’ TVT fell to just $142,000, the lowest since launch. This marked a sharp retreat from late November, when the funds saw days where value traded topped $3.23 million.
Total value traded refers to the total dollar amount of ETF shares bought and sold over a given period. It serves as a gauge of market activity and practical liquidity, indicating the amount of money that has moved through the funds.
Daily spot ETF net inflows and total net assets. Source: SoSoValueThe contrast is stark when compared to Dogecoin (DOGE) activity in the broader crypto market. CoinGecko data showed that in the last 24 hours, DOGE recorded over $1.1 billion in spot trading volume and had a market capitalization of $22.6 billion
This shows that the underlying asset remains highly liquid, but not through its ETF wrappers. This discrepancy suggests that traders are accessing DOGE directly through exchanges rather than traditional market vehicles.
Grayscale’s Dogecoin ETF made its debut in November but fell well short of initial volume expectations. ETF analyst Eric Balchunas predicted at the time that the ETFs would get at least $12 million in volume. However, the ETF only saw $1.4 million on its first day
Related: BlackRock files with SEC for listing of staked Ether ETF
Bitcoin and Ether dominate ETF trading as alt-ETFs trail behind
On Dec. 8, ETF trading activity remained concentrated on Bitcoin (BTC) and Ether (ETH)-based products. According to SoSoValue, Bitcoin ETFs posted $3.1 billion in TVT, while Ether ETFs recorded $1.3 billion
Solana (SOL) ETFs saw $22 million in value traded, while XRP products recorded $21 million in value traded. Further down the curve, the recently-launched Chainlink ETFs recorded a $3.1 million TVT on the same day, while Canary’s Litecoin (LTC) ETF had about $526,000
The data suggested that ETF capital still overwhelmingly flows toward the two largest digital assets, continuing their lead as the core liquidity centers of regulated crypto exchange-traded products
In terms of inflows, XRP (XRP) remains strong. On Monday, XRP ETFs’ inflow streak remained unbroken since its launch. Meanwhile, Solana ETFs, which first had their inflow streak broken in November, are on a three-day inflow streak after seeing $32 million in outflows on Wednesday
Magazine: Bitcoin whale Metaplanet ‘underwater’ but eyeing more BTC: Asia Express
- #Blockchain
- #Dogecoin
- #Cryptocurrencies
- #Altcoins
- #Ethereum
- #Investments
- #Adoption
- #United States
- #Data
- #Bitcoin Adoption
- #Ethereum ETF
- #Bitcoin ETF
- #ETF
Add reaction
![]()
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Breaks Below $71,000, Peter Brandt Warns of Two-Way Movement Risk
On March 19th, Bitcoin's price fell below $71,000, declining approximately 5% within 24 hours. Ethereum, Solana, and Dogecoin all dropped 5% to 6%, with total market capitalization evaporating over $100 billion. Senior traders point out that Bitcoin exhibits both bullish and bearish technical patterns, and macroeconomic factors are affecting market sentiment, with short-term trends remaining uncertain.
GateNews37m ago
MICA Daily | Is the Fed Worried About Inflation Getting Out of Control? US Stocks Decline, BTC Tests $71,000 Again
Yesterday, BTC fell from $73,000 to $71,000 due to declining US stocks and deteriorating Middle East conditions, with risk-off sentiment heating up in the market. The Federal Reserve kept interest rates unchanged, with Powell emphasizing that the US employment market and energy crisis make decision-making difficult, indicating uncertain economic prospects ahead that could impact both stock and crypto markets.
区块客51m ago
The Federal Reserve maintains interest rates, Bitcoin is pressured near $70,000, and the Iran conflict escalation increases market uncertainty.
The Federal Reserve kept its benchmark interest rate unchanged on March 19, with a voting result of 11 to 1. Chairman Powell pointed out that the situation in the Middle East and rising oil prices introduce uncertainties to the economy, and short-term inflation expectations have been raised to 2.7%. The market response was notable, with risk assets performing poorly. Analysts advise paying attention to future interest rate movements.
GateNews58m ago
A certain whale bet $49 million on a BTC/HYPE hedging combination, with today's market pullback causing $700,000 in losses on both sides.
Coinbob monitoring shows that whale address 0x939 recently went long BTC for $29.4 million and shorted HYPE for $19.7 million, but market downturn resulted in bidirectional losses of approximately $700,000. This address previously profited $37.1 million from similar operations.
GateNews1h ago
