📉 The Bitwise ETF BWOW, the Dogecoin fund $DOGE , will close after 10 months of operation.
The decision was made as demand for DOGE-based funds has generally been very weak. Meanwhile, the fund investing in $XRP and Solana $SOL has raised as much as $3 billion.
Why is it noteworthy?
This contrast shows that altcoin ETF flows are becoming highly segmented; not every altcoin attracts capital even when packaged into an ETF product.
Put simply:
The underperforming Dogecoin ETF has to shut down, while XRP and Solana are pulling in many times more money.
#Altcoins #CryptoNews
🔗 Source: CoinDesk
⚠️ Information is for reference only and not investment advice. Please do your own research before making any decision (DYOR).
The decision was made as demand for DOGE-based funds has generally been very weak. Meanwhile, the fund investing in $XRP and Solana $SOL has raised as much as $3 billion.
Why is it noteworthy?
This contrast shows that altcoin ETF flows are becoming highly segmented; not every altcoin attracts capital even when packaged into an ETF product.
Put simply:
The underperforming Dogecoin ETF has to shut down, while XRP and Solana are pulling in many times more money.
#Altcoins #CryptoNews
🔗 Source: CoinDesk
⚠️ Information is for reference only and not investment advice. Please do your own research before making any decision (DYOR).