According to CoinWorld, demand for the U.S. spot Dogecoin ETF has cooled significantly, with total trading value falling to a record low of $142,000 on Monday, far below the single-day high of $3.23 million at the end of November. During the same period, Dogecoin spot trading volume exceeded $1.1 billion, indicating that investors prefer direct trading rather than through ETFs. Currently, ETF market funds remain highly concentrated in Bitcoin and Ethereum products.