Dogecoin ETFs See Zero Net Inflows as XRP ETF Demand Slows Sharply

3 hour ago 2 sources neutral

Key takeaways:

  • Stagnant Dogecoin ETF demand reflects fading institutional interest in meme coin narratives.
  • XRP's weekly inflow drop suggests short-term saturation, not a fundamental shift in sentiment.
  • US dominance in ETF flows highlights a concentrated risk if regulatory sentiment shifts.

According to data from Sosovalue, the trio of spot Dogecoin ETFs from Grayscale, 21Shares, and Bitwise recorded $0 in daily net inflows on March 2, 2026. This is part of a prolonged trend, as these ETFs have seen essentially zero net inflows since February 3, with only minor daily trading volumes ranging between $150,000 and $1.37 million. This pattern of negligible inflows was also prevalent for most of December 2025 and January 2026.

The Dogecoin ETFs, including Grayscale's GDOG, launched to a slow start, with GDOG's debut volume of $1.4 million falling well below analyst expectations. The broader context shows Dogecoin's price has been under significant pressure, declining for five consecutive months since September 2025 and continuing losses into the first two months of 2026. At the time of reporting, Dogecoin was down 3.99% to $0.092, threatening to break below the $0.09 support level.

In a related development, the latest CoinShares Digital Asset Fund Flows Weekly Report reveals a 45% week-over-week decline in inflows for XRP-linked exchange-traded products. For the week of February 23 to March 1, XRP ETFs attracted just $1.9 million, a sharp drop from the previous week. This accounted for a mere 0.18% of the total $1.061 billion that flowed into all crypto ETFs and investment products during the same period.

Despite the recent slowdown, XRP ETFs have accumulated $153 million in inflows year-to-date, placing them second only to Solana ($156 million). The month-to-date figure for XRP stands at $106.8 million, the highest among comparable products. Analysts suggest the weekly decline may indicate that pent-up demand for XRP ETFs has been temporarily satisfied after a period of accelerated capital attraction, rather than signaling structural problems. Notably, the products did not experience any outflows.

The report also highlighted the United States as the dominant force in crypto ETF inflows, attracting $958.2 million for the week, vastly outpacing second-place Canada's $34.1 million.

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