The initial excitement surrounding Dogecoin Exchange-Traded Funds (ETFs), approved in November 2025, has given way to concerns as inflows have nearly dried up in March 2026. Data from analytics firm SoSoValue reveals a stark slowdown, with the funds seeing net inflows on only two days this month.
The total inflow for March 2026 stands at just $972,460, a figure comprised of $779,100 on March 2 and a smaller $193,360 on March 13. Since that last inflow, the ETFs have recorded zero net flows for over a week, even as Dogecoin's price experienced significant volatility, including a recent 5.1% drop to $0.09224. Daily traded values have remained below the $1 million mark, with Total Net Assets currently at $9.51 million.
This pattern of inactivity from ETF investors, despite price dips, suggests a cautious or skeptical stance on the product's long-term prospects. The current stagnation contrasts sharply with the funds' historical performance. The launch month of November 2025 saw a strong $2.16 million in net inflows, followed by a dismal December with only $177,890. January 2026 was the most bullish period to date, with $4.07 million in monthly net inflows pushing Total Net Assets to a peak of $10.15 million.
The funds have failed to reclaim that January high, with assets falling to $8.39 million in February before a slight recovery to the current level. The broader context shows Dogecoin itself is sending mixed signals, with a recent "death cross" technical indicator appearing bearish even as the price occasionally rallies alongside Bitcoin. The meme coin is also attempting to break a five-month negative price streak that began in October 2025.
