Dogecoin ETFs Fail to Attract Capital Despite Hype as Expert Maintains $1 Price for 2026

Dogecoin ETF products have had a hard time gaining interest from institutional investors. As a result, trading volumes have dropped across various issuers of these products.  However,  a prominent expert has stuck to his forecast that the token will hit $1 in 2026.

Dogecoin ETF Performs Below Expectations as Volumes Collapse

DOGE products from both Bitwise and Grayscale have not yet been able to live up to investor expectations. According to the data from SoSoValue, from December 7 to 9, there were no new fund inflows.

The total trading volume has shrunk to only $159,000. This is a far cry from late November when it reached over $3.2 million.

However, DOGE is still managing to see some trading action. It has a trading volume of $1.09 billion within the last 24 hours. Its market cap also remains very strong at almost $23.5 billion.

Experts have also shared some possible causes behind the Dogecoin ETF’s slow activity. They explained that the investors are seemingly more into direct trading in a centralized exchange.

Also, the speculative image of Dogecoin might keep off institutional managers who want assets with predictable fundamentals. This is a similar pattern with that of the Litecoin ETF, which has seen nine days without inflows already.

Meanwhile, last September, the REX Osprey DOJE fund launched and immediately started to gain attention. It reached almost $6 mln of trading volume within its first hour already more than what saw both Bitwise and Grayscale on their launches. The fund now counts about $23.6 mln in assets under management.

In contrast, Grayscale’s Dogecoin Trust has gotten off to a mediocre start since it launched in November. ETF expert Eric Balchunas had predicted it would achieve $12 million in trading on its first day. The trust came in with just $1.4 million on the opening.

Expert Again Predicts $1 DOGE by 2026

Crypto expert Trader Tardigrade had made a previous forecast on Dogecoin reaching $1 in 2026. He then made the projection again on Thursday. According to the trader, the meme coin remains strong at a critical support level. 

It is also worth noting that additional products are expected for the coin. Last week, 21Shares made an update on its filing with the SEC. Its Dogecoin ETF will list on Nasdaq with the ticker “TDOG” this month.

Moreover, Franklin Crypto Index ETF introduced Dogecoin into its portfolio due to new Cboe rules that permit money managers to maintain a broader mix of cryptocurrencies.

Elsewhere, other digital assets registered much larger inflows. XRP ETFs took in about $16.4 million yesterday, while Solana ETFs added $11 million.