Grayscale Investments' newly launched spot Dogecoin ETF (GDOG) experienced a dramatic 80% drop in inflows just two days after its debut on November 24, 2025. The ETF initially attracted $1.8 million on its first day, but inflows fell sharply to $365,420 on the second day, bringing total net inflows to approximately $2.16 million. This performance is notably underwhelming compared to the initial success of other cryptocurrency ETFs, such as those for Solana and XRP, which have seen more robust investor interest. The decline in inflows suggests a tepid market response to the Dogecoin ETF, raising questions about its future traction among investors.