No New Money Inflows in Dogecoin ETFs for a Month

The spot Dogecoin ETFs in the U.S. recorded no new money inflows or outflows in the past month. The volatility in the crypto market and the correction in Dogecoin's price have led to weak institutional interest. According to SosoValue data, the last movement in the two spot Dogecoin ETFs in the U.S. was observed on October 13, when a total net outflow of $138,570 occurred. From October 14 to November 13, the daily net flow remained at zero. Grayscale's Dogecoin ETF stands out as the largest product in the market with a net asset size of $9.15 million, while 21Shares' Dogecoin ETF remained at $1.58 million. Approximately 85.3% of the total assets of $10.73 million are found in the Grayscale fund. Although Dogecoin maintains a strong position in the meme coin segment, ETF data indicates that institutional investor interest is weak. The revival of fund flows will depend on the price of Dogecoin and the overall risk appetite in the crypto market.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.