DOGE ETF: RECORD WEEKLY INFLOWS AS BITWISE PREPARES TO EXIT
U.S. spot Dogecoin ETFs recorded USD 2.89 million in net inflows for the week ending September 25, their highest weekly total since launch. Notably, the record came just 11 days after Bitwise announced the liquidation of its BWOW fund.
My take: this is an interesting signal of diverging demand for DOGE exposure through ETFs. One product leaving the market does not necessarily mean demand for the underlying asset is disappearing. In fact, Grayscale’s GDOG saw cumulative inflows rise from USD 11.7 million to USD 15.46 million after Bitwise’s announcement, while 21Shares’ TDOG fell from USD 1.63 million to USD 1.03 million. That suggests capital may be concentrating in products receiving stronger market demand rather than leaving DOGE altogether.
Still, the scale remains small: the funds hold only about 0.11% of DOGE’s market value, while U.S. spot Bitcoin ETFs attracted USD 2.39 billion in net inflows during the same week. For DOGE, I’ll watch sustained ETF flows and the funds’ share of total market value before deciding whether to accumulate or stay defensive. Do you think this record flow signals improving demand or simply an unusual week? If this logic makes sense, drop a follow for more market breakdowns.
Please do your own research carefully before making any transactions (DYOR). $DOGE $QNT $INX #Colecolen
U.S. spot Dogecoin ETFs recorded USD 2.89 million in net inflows for the week ending September 25, their highest weekly total since launch. Notably, the record came just 11 days after Bitwise announced the liquidation of its BWOW fund.
My take: this is an interesting signal of diverging demand for DOGE exposure through ETFs. One product leaving the market does not necessarily mean demand for the underlying asset is disappearing. In fact, Grayscale’s GDOG saw cumulative inflows rise from USD 11.7 million to USD 15.46 million after Bitwise’s announcement, while 21Shares’ TDOG fell from USD 1.63 million to USD 1.03 million. That suggests capital may be concentrating in products receiving stronger market demand rather than leaving DOGE altogether.
Still, the scale remains small: the funds hold only about 0.11% of DOGE’s market value, while U.S. spot Bitcoin ETFs attracted USD 2.39 billion in net inflows during the same week. For DOGE, I’ll watch sustained ETF flows and the funds’ share of total market value before deciding whether to accumulate or stay defensive. Do you think this record flow signals improving demand or simply an unusual week? If this logic makes sense, drop a follow for more market breakdowns.
Please do your own research carefully before making any transactions (DYOR). $DOGE $QNT $INX #Colecolen
