$DOGE DOGE ETF cools down completely: Institutions don't even take a glance, and retail investors can't be bothered

The DOGE ETF has basically stalled——Grayscale's GDOG has only accumulated $2.68 million in half a month since its listing, managing less than $7 million, which doesn't even account for 0.03% of DOGE's total market value; Bitwise is even worse, with zero inflow, and a daily trading volume of only $1.09 million, like a joke.

Previously, there was talk of "Meme coins stepping into the big leagues of institutions," but reality slapped back: Traditional institutions simply don’t recognize this stuff. Just look at Solana and XRP's ETFs; they casually attracted hundreds of millions in their first week, with real staking yields and genuine use cases for cross-border payments; and DOGE? Besides the community shouting 'Doge to the moon', there isn't even a legitimate application scenario, so it's no surprise institutions don't care.

What’s even more disheartening is that retail investors aren't buying it either—why buy coins directly on exchanges when it's so nice? Why pay management fees to go through the ETF route? Even Grayscale has waived the fees to 0, yet no one cares, since DOGE players are used to the "direct trading" approach; who would want to play within the confines of traditional finance?

Now the situation is clear: There’s an insurmountable gap between Meme coins and institutional funds. A coin that relies on emotions to rise is viewed by institutions as "lacking fundamentals, highly volatile, and ready to crash at any moment"—the data for GDOG, put simply, is just “institutions look down on it, and retail investors can't be bothered to buy,” purely a lose-lose situation.

By the way, has this DOGE ETF already become a "zombie product"? Betting fifty cents in the comments, do you think this thing can survive through this year? #美联储降息 #加密市场观察