Dogecoin ETFs See $12M Inflow as XRP and Solana ETFs Attract $3B

America's three Dogecoin (DOGE) ETFs have seen cumulative net inflows of approximately $12 million—slightly exceeding $12 million—over about 10 months. In contrast, XRP and Solana (SOL) ETFs attracted over $3 billion in net inflows during the same period. According to CoinDesk, Dogecoin ETFs' cumulative net inflows slightly surpassed $12 million as of September 9. On that day alone, $12.29 million flowed into XRP ETFs—comparable to the total inflow for all three Dogecoin ETFs. This figure was also reported by PANews.

XRP ETFs have accumulated $1.7 billion in net inflows since their November 2025 listing, while Solana ETFs recorded $1.36 billion since October 2025. Both figures exceed the total of all three Dogecoin ETFs by over 100 times.

Dogecoin ETF inflows have not been consistent. Of 199 trading days, only 28 days saw net inflows, while 166 days recorded $0 in net inflows. Net inflows are calculated as the difference between new investments and redemptions on a given day; thus, a $0 figure does not necessarily indicate no trading activity.

Some Dogecoin ETFs are being shut down. Bitwise has decided to liquidate its Dogecoin ETF BWOW, with assets valued at $687,713 as of September 9. The company stated it is adjusting its product lineup in response to changing investor demand. BWOW's final trading day is set for October 14, with remaining shareholders scheduled to receive cash payments based on net asset value as of October 21 by October 22.

According to SEC filings, Bitwise cited optimizing its product line and responding to shifting investor demand as reasons for the liquidation. Jordan Jefferson, founder of MyDoge, noted that 'accessibility is not Dogecoin's biggest constraint,' emphasizing that institutional demand will grow only if investors find value in Dogecoin beyond price appreciation.