Dogecoin’s First ETF Launches With 0 Inflows: Is Another Sell-Off Coming?
Dogecoin’s (CRYPTO: DOGE) first ETF launched with zero first-day inflows, raising new questions about whether the market is bracing for a deeper slide toward $0.13.
Grayscale’s Dogecoin ETF Logs A ‘Zero Creation’ Debut
Grayscale DOGE ETF $0 Inflows (Source: SoSoValue)
Grayscale’s Dogecoin ETF (NYSE:GDOG) began trading on Tuesday 24, but the primary market showed no interest from authorized participants, according to data from SoSovalue.
While the ticker traded actively on screens, the fund recorded $0 in net creations, a rare outcome for a debuting single-asset product.
Secondary trading volume reached about $1.41 million, far below Bloomberg Intelligence analyst Eric Balchunas’ projected $12 million estimate.
Against this softer-than-expected debut, Grayscale emphasized the long-term investment case rather than short-term flows.
“With GDOG’s uplisting on NYSE Arca, we’re expanding investor exposure to a network that’s fast, low-cost, and …
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