Leveraged Dogecoin ETF Sees Hefty Inflows Despite Meme Coin Slump
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The 21Shares 2x Long Dogecoin ETF, ticker TXXD, attracted fresh inflows of $696,392 on January 16, 2026, a sizable move equal to roughly 12.5% of its assets under management. The leveraged product now oversees about $5.57 million, underscoring that traders are still willing to take amplified bets on Dogecoin even as the underlying token remains under pressure.
The related asset, DOGE-USD, is currently trading around $0.12439, having shed about 35.2% over the past three months. Technically, the short-term picture remains fragile, with a 1-day signal flashing Sell, suggesting momentum traders are not yet convinced a durable bottom is in.
The juxtaposition of strong inflows into a 2x long ETF and a negative technical and price backdrop highlights a familiar crypto dynamic: investors using leveraged products to position for a rebound, or to tactically trade volatility, rather than reflecting broad-based optimism. With more than one-tenth of TXXD’s AUM turning over in a single session, sentiment around Dogecoin appears to be shifting from passive holding toward high-conviction, high-risk speculation.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.