2026-01-22 21:01:04

The 21Shares Dogecoin Spot ETF (ticker: TDOG) has officially started trading on NASDAQ. This is the first product to receive formal approval from the U.S. SEC and is endorsed by the Dogecoin Foundation, offering full 1:1 DOGE reserve backing with a management fee of only 0.50%.

Sounds good, but the reality is quite different. DOGE has fallen 54% from its September high, hitting a multi-month low. Even more disheartening, institutional investor enthusiasm has not been sparked—existing spot ETFs continue to experience net outflows, with total net assets only accounting for 0.061% of the entire DOGE market cap. To be honest, this scale is almost negligible. It seems that even the "mainstream" products may not be able to reverse the indifference of retail investors.

DOGE0,4%

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DefiOldTrickster

· 18h ago

Hmm… SEC approval is approval, but this 0.061% of net assets is really a bit awkward. When I was chasing investments back then, I also saw quite a few cases of "mainstream" projects crashing. Looking at the current situation, institutions simply don’t take DOGE seriously. --- TDOG’s launch is indeed lively, but the net outflow data doesn’t lie. This is what I often say — having a license doesn’t mean having a bright future; the key is whether the funds are truly willing to follow. --- A management fee of 0.50% is cheap, but the problem isn’t the rate, brother. With a 54% decline, retail investors probably haven’t reacted yet, and institutions have already run. --- Once you see through it, having a spot ETF for DOGE is already good. But hoping to turn things around with this? That’s still too naive; the real truth lies in the fund data. --- It’s hilarious — a bunch of people waiting for SEC approval to rescue the market, but the rescue funds never actually came in. To put it simply, without demand, there’s no inflow — everyone understands this logic. --- I just want to know, why are institutions so indifferent? Could there be more complex arbitrage strategies behind the scenes I haven’t thought of?

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DeadTrades_Walking

· 18h ago

Even the regular army is useless; retail investors simply won't buy it. Institutional net outflows? Laughing out loud, that's the answer. 0.061% market share... Are you joking? DOGE drops 54%, why talk about ETFs? Who dares to buy in at this point? Even with the lowest management fees, spot ETF can't save this market. It's already 2024, what messiah are you expecting? Save yourself, brothers. SEC approval is useless; the market doesn't care. With such obvious net outflows, institutions are as clear as a mirror. Honestly, they just can't keep spinning the story.

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MetaverseLandlady

· 18h ago

Even the regular army coming is useless; retail investors simply don't buy in. A 54% drop in DOGE is the real story; no ETF can save it. Institutional net outflows—this data says it all. Uh... so T Dog is just a harvesting tool? Still charging a 0.5% management fee despite such a drop—pretty harsh. It seems the Dogecoin story can't be told anymore. This wave isn't as optimistic as expected; where are the institutional investors supposed to come in?

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ColdWalletGuardian

· 18h ago

Institutions simply don't buy in, this is outrageous --- With SEC endorsement and foundation support, yet net outflows happen—it's hilarious --- DOGE has dropped 54% and still boasts an ETF—really wake up --- A market share of 0.061%—is this what you call the mainstream? That's funny --- Why does it always seem that these official products launch at the peak? Coincidence? --- No one is buying, which means the market has already given the answer --- A management fee of 0.5% can't save this situation

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GweiWatcher

· 18h ago

DOGE plummeted 54%, institutions are indifferent, no matter how legitimate this ETF is, it can't save the situation --- Another product that sounds impressive but no one actually buys --- 0.061% market share... Is this the legendary "mainstream army"? LOL --- A management fee of 0.5% is considered low, but with such a small holding scale, what's the point? --- Institutional investors are voting with their feet; DOGE might really be unplayable now --- SEC approval + foundation endorsement, why can't this situation be saved? --- Net outflows, everyone, what does that indicate... --- In the face of a 54% decline, all ETFs are just floating clouds

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BearMarketMonk

· 19h ago

A beautiful wrapping paper holding the reality of a 54% decline. Institutional inflows are all retreating; what does this indicate? It shows that recognition is essentially a false proposition. --- SEC approval is just a paper statement; the true survival rule has always been: how the price moves. --- 0.061% market cap share, this is what the so-called "main force" combat effectiveness looks like. Quite ironic. --- Another survivor bias case in a cycle. Official recognition ≠ market consensus; this lesson is an old one. --- Continuous net outflows... institutions are more honest with their actions than words. --- Low management fees can't save a story that no one truly believes in; the underlying logic has never changed.

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