Have you noticed nobody is questioning why Dogecoin ETFs posted their biggest week since launch while greed is already at 70?
Traders keep getting burned chasing $DOGE headlines like this. They buy the news and then watch the dump as soon as the initial volume fades.
This week's inflow spike is a perfect case study. It looks impressive until you remember $DOGE is still a meme coin with no scarcity or real utility driving long-term holders. Compare that to $BTC, where ETF flows tend to stick around because the asset itself has proven demand.
Here the money is more likely to rotate out once the novelty wears off. We've watched similar stories play out with other products, and the follow-through rarely matches the hype.
Filings for things like $NEAR ETFs are already in the mix, which only fragments the capital further. The narrative that this changes everything for Dogecoin feels overstated when you look at the actual behavior of these vehicles.
What's your take on whether this is real institutional interest or just another liquidity event?
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