Dogecoin generated over $1.1 billion in spot trading volume across the past 24 hours while maintaining a $22.6 billion market capitalization.
Dogecoin News
Monday's total value traded for U.S. spot DOGE exchange-traded funds dropped to $142,000, the lowest figure since the products launched. SoSoValue data shows the decline from late November, when daily trading occasionally exceeded $3.23 million.
Total value traded measures the dollar amount of ETF shares changing hands over a specified period. The metric indicates both market activity levels and practical liquidity available in the funds.
The underlying asset shows markedly different activity patterns. Dogecoin generated over $1.1 billion in spot trading volume across the past 24 hours while maintaining a $22.6 billion market capitalization.
High liquidity persists for the asset itself, though not through ETF structures. Market participants are accessing Dogecoin through direct exchange trading rather than regulated investment vehicles.
Grayscale's Dogecoin ETF debuted in November with first-day volume falling short of projections. ETF analyst Eric Balchunas had estimated at least $12 million in opening volume, but actual trading reached only $1.4 million.
Dec. 8 data from SoSoValue shows Bitcoin ETFs recorded $3.1 billion in total value traded. Ethereum ETFs generated $1.3 billion over the same period.
Solana ETFs saw $22 million in trading activity, while XRP products handled $21 million. Recently launched LINK ETFs recorded $3.1 million, and Canary's Litecoin ETF processed approximately $526,000.
Capital flows remain concentrated in the two largest digital assets. Bitcoin and Ethereum continue dominating as the primary liquidity centers for regulated crypto exchange-traded products.
XRP maintains consistent inflow patterns, with its streak remaining intact since launch. Solanaana ETFs are experiencing a three-day inflow period following the $32 million in outflows recorded on Wednesday.
Solana products first broke their inflow streak in November. The pattern demonstrates volatility in investor demand for alternative cryptocurrency ETF offerings beyond Bitcoin and Ethereum.
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