Dogecoin (DOGE) rose 1.23% on August 1, trading at $0.070, even as data showed the first monthly outflows from Dogecoin ETFs since their launch in November 2025. According to SoSoValue, Dogecoin ETFs have recorded $525,000 in cumulative outflows since inception.
A modest price gain
The 1.23% uptick pushed DOGE to $0.070, a small move in a market that has seen the meme coin trade in a narrow range for weeks. The gain came on a day when broader crypto markets were mixed, with Bitcoin flat and Ethereum down slightly. No single catalyst was immediately apparent for Dogecoin's move.
First monthly outflows for Dogecoin ETFs
SoSoValue's data shows that Dogecoin ETFs experienced their first month of net outflows since the products debuted in November 2025. The $525,000 in total outflows since launch is a modest figure compared to the billions that flowed into Bitcoin and Ethereum ETFs in their early months. Still, the shift from inflows to outflows marks a change in investor sentiment toward the Dogecoin-focused funds.
The outflows come after a period of steady inflows following the ETF approvals. Analysts had expected continued interest given Dogecoin's retail following, but the data suggests some investors are pulling back. The exact reasons are not specified in the data, but broader market conditions and profit-taking could be factors.
What the numbers show
The $525,000 figure represents net outflows across all Dogecoin ETF products tracked by SoSoValue. That includes both inflows and outflows from various funds. The first monthly negative reading indicates that more money left the ETFs than entered during the month of July.
Dogecoin ETFs were approved by regulators in late 2025 and began trading in November. They were seen as a way for traditional investors to gain exposure to the volatile cryptocurrency without holding it directly. The initial months saw strong demand, but the latest data suggests that enthusiasm may be cooling.
The next monthly report from SoSoValue, due in early September, will show whether the outflows accelerate or reverse. For now, Dogecoin's price remains above $0.07, a level it has held since mid-July.
