Dogecoin spot exchange-traded funds (ETFs) in the United States have recorded minimal activity nearly three months after their launch, with cumulative net inflows of just $6.67 million as of February 19, 2026. Data from SoSoValue reveals the products have seen 18 consecutive trading sessions without any new inflows, and total net assets across the segment stand at approximately $8.8 million. Daily trading volume remains thin, with a recent session recording only around $247,000.
Three issuers dominate the landscape: Grayscale's GDOG leads with roughly $6.38 million in assets, followed by 21Shares' TDOG with about $1.77 million, and Bitwise's BWOW holding approximately $641,000. Collectively, these assets represent less than one percent of Dogecoin's total market capitalization of $16.25 billion, highlighting a significant gap in institutional allocation.
This muted inflow trend starkly contrasts with the early surges seen in Bitcoin and Ethereum ETFs, indicating that while the launch of meme-based products was welcomed, it has not attracted sustained capital. The funds remain niche vehicles within the broader digital asset market.
Meanwhile, U.S.-listed spot Bitcoin ETFs continue to be the primary recipients of fresh institutional capital, reinforcing Bitcoin's central role in regulated investment strategies. Friday's session saw moderate but persistent inflows into Bitcoin ETFs, suggesting institutions are maintaining strategic exposure through compliant vehicles despite market volatility. In contrast, ETFs linked to other digital assets, including Ethereum, displayed flat flows or modest redemptions, underscoring a more cautious and selective institutional approach to the broader altcoin spectrum.
Dogecoin's price performance adds further pressure, trading near $0.096 and continuing a steady downward trend since September 2025. The token has struggled to reclaim the $0.15 resistance level reached earlier in the year, which has weighed on sentiment surrounding the ETF rollout. The data indicates that Dogecoin ETFs have yet to gain significant traction in U.S. markets, operating far below the scale seen in larger crypto ETF launches.
