Dogecoin ETF List 2026: GDOG, DOJE, TDOG and the BWOW Closure

Short answer: Yes. Four US-listed Dogecoin ETFs trade today: Grayscale’s GDOG, REX-Osprey’s DOJE, 21Shares’ TDOG, and the 2x leveraged TXXD. Together they hold under $25 million. A fifth fund, Bitwise’s BWOW, is shutting down: the closure was announced on 10 September 2026, the last trading day is 14 October, and cash goes out on 22 October, after the fund gathered less than $1 million in ten months. Cumulative net inflows into the US spot Dogecoin funds were just over $12 million as of 10 September, per SoSoValue data cited by CoinDesk, against roughly $1.7 billion for the US spot XRP ETFs. DOGE trades around $0.09 to $0.10, roughly 86 to 87 percent below its May 2021 high, and the surviving funds charge 0.34 to 1.50 percent a year (1.89 percent for the leveraged one). The takeaway: ETF approval did not create demand for Dogecoin.

Is there a Dogecoin ETF? #

Five US Dogecoin ETFs have listed; four will still trade after October. Three hold DOGE directly in a trust, DOJE uses a 1940-Act wrapper, and TXXD is a leveraged daily product.

GDOG’s 0.35% is the full rate; Grayscale’s launch fee waiver ended on 24 February 2026, per the Grayscale GDOG product page. The AUM figures carry different dates and are mostly relayed by third-party trackers, so treat them as approximate; the four survivors sum to roughly $24 million. No new Dogecoin ETF has been filed since 1 September 2026. For scale, the largest single US spot XRP ETF holds more than twenty times that on its own.

Why is Bitwise closing its Dogecoin ETF? #

Bitwise’s 8-K gives no colourful reason, and none is needed. The fund held about $722,000 at the announcement, with cumulative net flow of roughly negative $1.23 million since launch, according to tracker data reported at the time. At a 0.34% fee that is about $2,500 a year of revenue, which does not cover audit, custody and listing costs. Closing is the ordinary outcome for a fund that never found buyers.

Holders can sell before the 14 October close or wait for cash at the 21 October NAV; either way it is a taxable event with no in-kind DOGE option. The timing says nothing about price: DOGE was up about 11 percent in the seven days to 20 September (CoinMarketCap). Bitwise closed the fund during a bounce.

How much money is in Dogecoin ETFs? #

Not much, and the flows have stopped. According to SoSoValue data cited by CoinDesk on 14 September, the three US spot Dogecoin ETFs (GDOG, TDOG and BWOW) had taken in just over $12 million of cumulative net inflows through 10 September 2026. Over the prior 20 trading days, net flow was slightly negative, around minus $108,000.

By contrast, the US spot XRP ETFs had gathered about $1.71 billion of cumulative net inflows by 18 September, per SoSoValue data relayed by secondary trackers, and hold roughly $1.5 to $1.6 billion in assets, more than 100 times the Dogecoin total. The US spot Solana ETFs also launched into far deeper institutional demand.

Our reading: Dogecoin’s buyers are retail, already hold the coin in wallets or on exchanges, and do not need a brokerage wrapper. Advisers and institutions, who do want a wrapper, have shown no interest in a memecoin with unlimited supply. An ETF removes friction; it cannot manufacture a constituency.

Which Dogecoin ETF is the best? #

We do not recommend funds. Here are the criteria that matter.

Fee. GDOG is the cheapest surviving spot fund at 0.35%. TDOG charges 0.50%. DOJE charges 1.50%, more than four times GDOG. TXXD charges 1.89%, though a leveraged fund’s fee is the least of its costs.

Structure. GDOG and TDOG are grantor trusts holding DOGE directly, the same wrapper as the spot Bitcoin ETFs. DOJE is a 1940-Act fund with a quirk: per the fund’s disclosures as reported, it holds part of its exposure through 21Shares’ European Dogecoin ETP rather than the coin itself, putting a second issuer’s fees and risk between you and the asset. Our primer on what an ETN is explains the difference between a trust, a fund and a European note.

Size. DOJE is the largest at roughly $12 million, GDOG second at roughly $9 million. TDOG is the smallest survivor at under $2 million, the range where closure risk starts to matter. Use limit orders on all of them.

Leverage. TXXD targets twice DOGE’s daily move and resets daily, so over longer periods it will not deliver twice DOGE’s return, and in a choppy market it decays.

Will Dogecoin ever go to $1? #

Nobody knows, so do the arithmetic instead of guessing. Circulating supply is about 156.0 billion DOGE (CoinMarketCap, 20 September 2026). At $1 that is a $156 billion market cap. At the 20 September price of $0.09328 the cap was $14.55 billion, rank 11. So $1 needs the market cap to rise roughly 10.7 times, before counting the supply added in the meantime.

Dogecoin’s all-time high was $0.7316 on 7 May 2021 (CoinGecko); it has never traded at $1. A $156 billion valuation is not impossible in a mania, but that is a claim about a future mania, not about anything the ETFs or the network are doing today.

Will DOGE hit $10? #

Same math, times ten: $10 implies about $1.56 trillion of market cap, roughly 107 times today’s.

Supply growth moves the target. The protocol pays a fixed block reward of 10,000 DOGE roughly every minute, adding about 5.0 to 5.26 billion coins a year with no cap. That is around 3 percent of supply today, but it never stops. Every year, holding a given price needs another $5 billion of demand at $1, or $50 billion at $10. Any forecast that ignores issuance is ignoring the most predictable input. We are not predicting either way.

Is Dogecoin still owned by Elon Musk? #

No, and he never owned it. Dogecoin is an open-source network with no company behind it, no entity that controls the code, and no equity to own. Musk has promoted the coin for years, but neither he nor his companies hold any rights over the protocol, supply or mining rewards. His influence on the price comes from attention, not ownership.

One recent example: a SpaceX rideshare carrying the DOGE-1 satellite was widely rumoured to fly on 14 September 2026. It did not; the SpaceX manifest and independent launch trackers show no such flight. Discount any commentary that assumes it happened.

Can you buy a Dogecoin ETF outside the US? #

Yes, though in Europe the products are exchange-traded notes rather than ETFs, and the choice is narrower. The main option is the 21Shares Dogecoin ETP, on SIX Swiss Exchange since 9 April 2025 and on Xetra since 10 April 2026 (Deutsche Börse new-listings record), with a EUR line and a 2.50% fee. The issuer describes it as fully physically backed (custodian BitGo Europe) and reports about $11 million in assets as of 21 September 2026. Valour offers two smaller lines: a Valour Dogecoin EUR note on Börse Frankfurt’s certificates segment and Lang & Schwarz (listed 26 February 2025, 1.9% fee, cash-settled rather than deliverable), and a Valour Dogecoin SEK note on Sweden’s Spotlight Stock Market since 26 November 2024, also at 1.9%. We found no other issuer with a single-asset Dogecoin ETP in Europe. German readers can use ETP Insider’s Dogecoin kaufen guide (German), which covers the ETN route, savings plans and tax.

What are the risks of a Dogecoin ETF? #

Closure risk. BWOW shows how this goes. A fund under a few million dollars is a cost centre, and issuers close cost centres. You get cash at NAV, forcing a taxable sale on someone else’s timetable. TDOG, at under $2 million, is in that range.

No yield. Dogecoin has no staking. The fund holds coins that produce nothing and charges a fee for holding them, unlike an Ethereum or Solana fund where staking rewards may partly cover the fee.

Uncapped supply. About 5 billion new DOGE arrive every year. The ETF cannot protect you from dilution; it holds a shrinking share of a growing pile.

Wrapper cost and liquidity. A $10,000 position in DOJE at 1.50% costs $150 a year that a wallet would not. Thin funds also trade with wide spreads.

FAQ #

How many Dogecoin ETFs are there in the US? Five have listed: DOJE, GDOG, BWOW, TDOG and TXXD. BWOW liquidates in October 2026, leaving four.

When does the Bitwise Dogecoin ETF close? Last trading day 14 October 2026; halted before the open on 15 October; final NAV 21 October; cash paid 22 October, per Bitwise’s 8-K.

What is the cheapest Dogecoin ETF? Among funds that will keep trading, Grayscale’s GDOG at 0.35%. BWOW was one basis point cheaper at 0.34%, but it is closing.

How much has flowed into Dogecoin ETFs? Just over $12 million of cumulative net inflows into the three spot funds through 10 September 2026, per SoSoValue data cited by CoinDesk, with slightly negative flow over the prior 20 trading days.

What is Dogecoin’s price and market cap? About $0.093 and $14.55 billion on 20 September 2026 per CoinMarketCap, rank 11, roughly 87 percent below the May 2021 high.

Not financial advice. Capital at risk.