According to Sosovalue data, the trio of Dogecoin ETFs, Grayscale, 21shares and Bitwise saw $0 in daily net inflows. One might say they’re as popular as a rainstorm at a picnic, but let’s not dwell on the obvious.
This is not far from the recent trend as, since Feb. 3, the Dogecoin ETFs recorded zero daily net inflows but saw minor trading, with total value traded ranging between $150,000 and $1.37 million in this time frame. A thrilling spectacle, akin to watching a sloth race a snail.
This trend repeated for most of December and January. Except for a few days that saw net inflows, punctuated by outflows as well, the spot ETFs saw $0 in daily net inflows. A veritable rollercoaster of excitement, if rollercoasters were made of concrete and disappointment.
XRP Yield Risks Explained by XRPL Contributor, Schiff Acknowledges Satoshi’s Innovation With Bitcoin, Six Macro Events to Define Crypto Market This Week: Morning Crypto Report
Ethereum’s Massive Slump Continues With Sixth Straight Red Month
Dogecoin ETFs took off on a slow start shortly after launch. For instance, Grayscale’s spot Dogecoin ETF (GDOG) debuted with $1.4 million in trading volume, much lower than analysts’ expectations and falling below the demand seen for major cryptocurrencies. One might wonder if the market’s attention was elsewhere, like, say, a circus act involving a dancing bear.
At the year’s start, sentiment briefly flipped as Dogecoin and meme coins led a sharp bounce across crypto assets, with the 2x Dogecoin ETF outperforming other ETFs. A fleeting victory, like a firework that explodes too quickly to appreciate.
However, the price rally at the year’s start quickly reversed, with Dogecoin trading at multimonth lows. A reminder that even the sun sets on the most optimistic of investments.
Dogecoin fell for five straight months since September 2025 and has marked the first two months of 2026 in losses. That backdrop has bled into ETFs as well. A perfect storm of despair, if storms were made of paper and hope.
The bigger macro setup is that when Bitcoin stays range-bound, and when majors drop, speculative flows tend to spill over into meme coins as they do not require a macro catalyst to trade, but when sentiment shifts, meme coins are hit the hardest. A classic case of the jester’s hat being the first to go in a hurricane.
Dogecoin price
The weekend rally faded as major cryptocurrencies declined on Monday. At the time of writing, Dogecoin was down 3.99% in the last 24 hours to $0.092. If it declines further, sellers might seek to pull the Dogecoin price below the $0.09 support. If this is done, Dogecoin may retest the Feb. 6 low of $0.0799. A descent into the abyss, or at least the basement.
A strong rebound suggests potential range formation with Dogecoin trading sideways between $0.08 and $0.12 for some time. A temporary truce in the war of the coins.
Buyers might return to the driver’s seat if Dogecoin rises above $0.12. This would open the pathway to a rise to $0.16. A mirage in the desert of financial speculation.
Read More
- USD AUD PREDICTION
- USD CLP PREDICTION
- USD BGN PREDICTION
- OP PREDICTION. OP cryptocurrency
- USD MYR PREDICTION
- GBP CNY PREDICTION
- GBP CAD PREDICTION
- Tether’s Scudo: Because Gold Was Too Complicated 🤦♂️
- USELESS Coin Takes a Humbling Dive, or A Market Meltdown Comedy Act?
- Bitcoin’s Quiet Forge: A Proletarian Breakout Looms
2026-03-02 18:26