Dogecoin Price Prediction: ETFs Hit Record Low While $4.4B Flows Boost BTC
Dogecoin exchange-traded funds have hit their lowest levels yet, signaling a rapid retreat from the enthusiasm that followed...
Quick overview
- Dogecoin exchange-traded funds (ETFs) have reached their lowest trading levels since their November launch, with total value traded dropping to $142,000.
- Despite Dogecoin's strong spot market activity, with over $1.1 billion in trading volume, interest in DOGE ETFs has significantly declined.
- Early expectations for DOGE ETFs were not met, as initial participation was well below projections, leading most traders to prefer traditional exchanges.
- In contrast, Bitcoin and Ether ETFs continue to dominate the market, capturing over $4.4 billion combined in total value traded.
Dogecoin exchange-traded funds have hit their lowest levels yet, signaling a rapid retreat from the enthusiasm that followed their November debut. New data shows ETF interest falling even as Dogecoin remains one of the most actively traded cryptocurrencies in the spot market.
Figures from SoSoValue reveal that the total value traded in the DOGE ETF fell to $142,000 on Monday, the lowest level since launch. In late November, the same funds recorded sessions exceeding $3.23 million, highlighting how quickly participation has thinned. TVT tracks the total dollar amount of ETF shares bought and sold, offering a simple gauge of investor engagement.
The decline points to a widening disconnect: while Dogecoin’s liquidity on exchanges remains strong, that activity isn’t flowing into ETF products.
Spot-Market Liquidity Stays Robust
Dogecoin itself continues to trade heavily. According to CoinGecko, DOGE recorded more than $1.1 billion in spot trading volume over the past 24 hours and has a market cap of $22.6 billion. The depth of this trading suggests most participants still prefer direct market exposure rather than the structure of a regulated ETF.
Several early expectations for DOGE ETFs never materialized:
- Grayscale’s Dogecoin ETF launched with participation well below projections
- Analysts had expected day-one volume above $12 million
- Instead, the fund opened at $1.4 million and declined steadily afterward
Most DOGE traders continue to favor traditional exchanges or derivatives markets, limiting the role of ETFs for now.
Bitcoin and Ether ETFs Remain the Market’s Center of Gravity
The sharp contrast becomes clearer when comparing DOGE ETF flows to those of major cryptocurrencies. On December 8, SoSoValue recorded:
- Bitcoin ETFs: $3.1 billion TVT
- Ether ETFs: $1.3 billion TVT
- Solana ETFs: $22 million
- XRP ETFs: $21 million
- Chainlink ETFs: $3.1 million
- Litecoin ETFs: $526,000
Bitcoin and Ether continue to anchor institutional appetite, capturing more than $4.4 billion combined. Altcoin ETFs remain far behind, with only occasional momentum in assets like XRP and Solana.
DOGE/USDT Technical Analysis
Dogecoin is trading near $0.1410, holding inside a narrowing symmetrical triangle as price coils toward a decisive break. Candlestick activity around $0.1405 shows steady but cautious participation, while buyers continue defending the rising trendline that has held since the early-December low. The upper boundary near $0.1455 remains the main obstacle, marked by repeated wick rejections.
The price is hovering around the 20-EMA, suggesting a neutral short-term bias. A confirmed close above $0.1455 would break the descending trendline and open the way toward $0.1480 and $0.1519. If the market weakens, initial support sits at $0.1396, followed by $0.1370 and the broader demand zone around $0.1341.
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