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
Iran Warns of "Funding U.S. Military Equals Being a Target," U.S. Treasury Security Challenged, Global Financial Markets Seek Emergency Safe Haven
Iran warned that agencies assisting the U.S. military could become targets of attack, sparking concerns among global investors and impacting market sentiment for safe-haven assets such as U.S. Treasuries. Geopolitical risks may cause fluctuations in bond yields, interest rates, and commodity markets, and investors should pay attention to their long-term effects.
GateNews4m ago
Visa Doubles Down on Crypto Strategy, Launches Large-Scale Engineering Recruitment to Shape Digital Assets Future
Visa is hiring cryptocurrency engineers, signaling its crypto strategy entering a new phase. The company aims to deepen its control over digital payments and blockchain, driving integration with the crypto ecosystem. Despite facing regulatory and security challenges, Visa is enhancing its technical capabilities to unlock the application potential of cryptocurrencies.
GateNews7m ago
Is Zcash About to Rebound? Bitcoin's Trend May Determine ZEC's Next Price Movement
Zcash (ZEC) is currently priced at $220, facing a critical decision closely linked to Bitcoin. If Bitcoin remains strong, ZEC may rebound, and surpassing $242 could trigger a short squeeze; on the other hand, falling below $208 will intensify selling pressure. The overall trend is affected by Bitcoin, so investors should closely watch its movements.
GateNews9m ago
Federal Reserve Rate Cut Expectations Disappear, Bitcoin and Crypto Market Bullish Logic Falters
CME data shows that the probability of Federal Reserve rate cuts has dropped to zero, while the probability of rate hikes has increased to 12.4%. The market's interest rate expectations have been rapidly repriced, causing Bitcoin's price to pull back to $68,739. Rising crude oil prices and increased inflation expectations have further diminished the appeal of crypto assets. Analysts warn that the higher the probability of rate hikes, the lower institutional interest in Bitcoin becomes, putting pressure on the market in the short term.
GateNews28m ago
Why Did the Crypto Market Decline? Bitcoin Loses Key Support as Macro Headwinds and Technical Breakdown Converge
The cryptocurrency market continues to decline, with total market capitalization falling to $2.32 trillion, as sellers dominate and market sentiment weakens. The escalation of Middle East tensions and macroeconomic pressures are also affecting the stock market. Bitcoin's price has broken through key support levels, facing further downside risks in the short term. If it fails to stabilize at key levels, the market may continue to move lower.
GateNews43m ago
