• US spot Dogecoin ETFs recorded zero net flows every day from October 14 to November 13.

• The two Dogecoin ETFs posted a combined $138,570 net outflow on October 13.

• Grayscale's Dogecoin ETF holds $9.15 million in net assets, about six times 21Shares' fund.

Zero Flows Since October 13

The two spot Dogecoin ETFs trading in the United States have gone a full month without recording a single day of net inflows or outflows. Daily creation and redemption disclosures show the last movement came on October 13, when the funds posted a combined net outflow of $138,570. From October 14 through November 13, every daily net flow printed at zero, the longest unbroken stretch of inactivity since the products debuted, and both Grayscale and 21Shares again reported zero daily net inflows on November 13, the latest session on record. The exit itself was modest, $138,570 spread across two funds, and it has since proved to be the final print of any kind. In an ETF wrapper, creations and redemptions are the primary-market channel through which institutional money enters or leaves; secondary-market trading volume can run without touching that record, but a month with zero of both means no institution has moved fresh capital into either fund, and none has pulled money out. The dormancy has set in while the Dogecoin price sits at $0.06308, down 3.4% over the past 24 hours, and while the wider altcoin market works through a drawn-out correction. Institutional demand for the largest memecoin by market value has stayed on hold through the slide, and the two spot trading products mirror that caution with empty flow ledgers. For a token that dominates its sector by market capitalization, a month without institutional movement marks a clear disconnect between cultural standing and fund-level demand. A revival, the record indicates, would require a turn in both the token's own trend and broader risk appetite; until then, each daily disclosure has shown an institutional side in wait-and-see mode, with the tables offering nothing to act on through the most recent session.

Grayscale Holds $9.15 Million

Grayscale has kept its grip on the quiet market. Its Dogecoin ETF holds $9.15 million in net assets, close to six times the $1.58 million that 21Shares' product has carried since its launch. Combined, the two funds account for $10.73 million in assets, and 85.3% of that total sits in the Grayscale vehicle. With flows at zero since mid-October, the split is inherited rather than contested: in a market with no creations or redemptions, neither issuer can win assets from the other, so Grayscale's share simply carries over from the period when money last moved. The scale of the funds frames what the stall means for each side. A base frozen at $1.58 million since launch points to a 21Shares product that never drew a first wave of institutional creations, while Grayscale's $9.15 million represents earlier demand that has since stopped growing. Fee income on both wrappers is set against those static totals, and at $10.73 million combined the segment is small enough that a single mid-sized creation order would visibly change its mix, which is why each daily disclosure still draws attention despite the silence. Dogecoin's longer arc sharpens the contrast: the token trades roughly 90% below its peak, a fall tied to its unlimited supply schedule, yet its retail base keeps it the reference point of the meme sector. Absent institutional demand, that resilience rests on community holding rather than on FOMO-driven fund buying. Both issuers now face the same open question their own disclosures pose each session: when does the first nonzero print of the next cycle arrive? Through November 13, it had not.

COINOTAG's composite scoring, which grades each level out of 100 from the indicators that meet there, puts the strongest support at $0.0631, scored 77, effectively the level the token sits on now, and the strongest resistance at $0.0680, scored 78. Positioning leans the other way: perpetual funding has turned negative at -0.0033%, while the long/short account ratio of 3.31 shows 76.8% of accounts still held long into the slide, a stack the current Dogecoin technical analysis page tracks in full. Sentiment agrees with the flow picture, with the Fear and Greed Index at 13 out of 100, deep in extreme fear. Whatever the tape does next, this month's flows moved none of the $10.73 million the two ETFs hold, leaving the institutional position exactly as the October 13 exit left it.