Six months after their simultaneous green light, XRP and Dogecoin ETFs have taken very different paths — and the numbers make it clear which one investors have preferred.
Quick background
Both ETFs won approval and began trading in November 2025, entering markets still wrestling with a broader bear-cycle and fluctuating sentiment. Data compiled by SoSoValue through mid-April shows a stark divergence in investor interest and asset accumulation.
Dogecoin ETFs: early hype, muted follow-through
Initial excitement around Dogecoin ETFs in November 2025 gave way to underwhelming flows. In the first month, Dogecoin ETFs recorded just $2.16 million in net inflows and held $6.29 million in total net assets. December only inched higher, with cumulative net inflows of $2.34 million.
January 2026 marked the ETFs’ best month, bringing in $6.41 million in cumulative net inflows and pushing total net assets above $10 million for the first time. But momentum faded afterward. By mid-April, activity was sparse: inflows were recorded only on April 10 ($1.34 million) and April 14 ($187,370), leaving total net assets at roughly $10.8 million and little subsequent activity.
XRP ETFs: large and consistent institutional flows
XRP ETFs, by contrast, drew substantial early capital. In November 2025 they amassed $666.61 million in cumulative net inflows and ended the month with $687.81 million in total net assets. December saw a surge, with cumulative net inflows reaching $1.17 billion and assets topping $1.2 billion.
Although inflows cooled in the months that followed, XRP ETFs continued to attract meaningful capital. As of April, XRP funds had posted more than $12 million in net inflows for the month and a cumulative total net inflow of about $1.22 billion. Total net assets dipped below $1 billion at the start of the year but remained sizable at approximately $959 million at the time of the report.
What the numbers say
Measured by assets and cumulative inflows, XRP ETFs have overwhelmingly outperformed their Dogecoin counterparts. XRP funds hold roughly $959 million versus Dogecoin’s $10.8 million — a gap approaching two orders of magnitude. The flows point to stronger institutional interest in XRP ETFs relative to Dogecoin ETFs, according to the SoSoValue figures.
Bottom line
Half a year in, XRP ETFs are the clear winners in terms of capital and sustained investor support. Dogecoin ETFs captured initial buzz but have struggled to convert that excitement into ongoing inflows. Analysts and market watchers will be watching whether Dogecoin can reignite demand or if XRP’s lead continues to widen.
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