Dogecoin ETFs Just Hit Record Inflows—But There’s a Twist!
$DOGE spot ETFs just recorded their biggest week since launch, pulling in $2.89M in net inflows (week ending Sept 25)! This completely shattered the previous record of $2.59M set back in January.
What makes this record wild? It happened right after Bitwise announced it’s shutting down its BWOW Dogecoin fund (liquidating Oct 14 after $1.23M in lifetime outflows).
Here is how the landscape shifts:
🔹 Grayscale ($GDOG): Dominating the room! Capturing all $806K of Friday’s inflows, GDOG now holds $13.87M (~81% of total Dogecoin ETF assets).
🔹 21Shares ($TDOG): Slipped down from $1.63M to $1.03M.
🔹 Market Context: DOGE trades near $0.098 ($15.3B market cap), but these ETFs hold just 0.11% of total supply. To put things in perspective, Bitcoin spot ETFs pulled in $2.39B in the exact same week—over 800x the Dogecoin volume!
With 81% of capital concentrated in a single fund and quiet trading days still being the norm, institutional interest is shifting fast.
👇 What’s your move on $DOGE right now?
Are institutional flows going to ignite a meme coin rally, or will low ETF volume keep price action sideways? Drop your predictions below! 📈📉
#DOGE #DOGECOİN #CryptoNews #ETFs #BinanceSquare $DOGE
$DOGE spot ETFs just recorded their biggest week since launch, pulling in $2.89M in net inflows (week ending Sept 25)! This completely shattered the previous record of $2.59M set back in January.
What makes this record wild? It happened right after Bitwise announced it’s shutting down its BWOW Dogecoin fund (liquidating Oct 14 after $1.23M in lifetime outflows).
Here is how the landscape shifts:
🔹 Grayscale ($GDOG): Dominating the room! Capturing all $806K of Friday’s inflows, GDOG now holds $13.87M (~81% of total Dogecoin ETF assets).
🔹 21Shares ($TDOG): Slipped down from $1.63M to $1.03M.
🔹 Market Context: DOGE trades near $0.098 ($15.3B market cap), but these ETFs hold just 0.11% of total supply. To put things in perspective, Bitcoin spot ETFs pulled in $2.39B in the exact same week—over 800x the Dogecoin volume!
With 81% of capital concentrated in a single fund and quiet trading days still being the norm, institutional interest is shifting fast.
👇 What’s your move on $DOGE right now?
Are institutional flows going to ignite a meme coin rally, or will low ETF volume keep price action sideways? Drop your predictions below! 📈📉
#DOGE #DOGECOİN #CryptoNews #ETFs #BinanceSquare $DOGE