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Dogecoin price drops as DOGE ETFs see first outflows since launch, signaling weak institutional demand.

Market News
01 Aug 2026
Coingape
View Source
Bearish
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Dogecoin (DOGE) price has declined amid the first recorded outflows from DOGE spot ETFs since their launch in November 2025, with $525,980 withdrawn in July 2026. This marks a shift in institutional interest, as total ETF net assets now stand at $9.96 million, down from cumulative inflows of $12 million. Technical indicators show a bearish death cross on the weekly chart, suggesting potential further price declines toward $0.056. Increased geopolitical tensions and reduced speculative demand in futures markets also contribute to selling pressure, indicating a cautious outlook for DOGE investors.

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