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

Market News
01 Aug 2026, 23:17 WIB
Coingape
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Bearish
Dogecoin price drops as DOGE ETFs see first outflows since launch, signaling weak institutional demand.

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has declined amid the first recorded outflows from DOGE spot ETFs since their launch in November 2025, with $525,980 withdrawn in July 2026.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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