Dogecoin just got another ETF.

21Shares rolled out $TDOG on Nasdaq. Fully backed, foundation-approved, all the TradFi boxes ticked.

And yet… Wall Street still isn’t stepping in. All Doge ETFs combined have barely done ~$200M in volume and sit under $40M AUM. Meanwhile $XRP ETFs crossed $2B.

What’s wild is $DOGE doesn’t even seem to need them. It can move 20% in a week with zero ETF inflows.

Maybe that’s the point.

DOGE

0.12501

+2.30%

XRP

1.9152

+0.60%