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[SITUATION] · [QUIET] · [BUSINESS]
2 clusters · 2 sources · 17 days · First seen · Last updated
Dogecoin ETF investment trends
Overview
Dogecoin-linked exchange-traded funds (ETFs) have experienced a period of stagnant capital inflows as investors shift focus toward Bitcoin. In late July, Dogecoin ETFs recorded a cumulative net inflow of $12.12 million, marking the first weekly positive flow since mid-June, despite the Dogecoin token price hovering near its lowest levels since late 2023.
By mid-August, the trend of inactivity continued, with Dogecoin ETFs recording zero net inflows over a 24-hour period. While cumulative net inflows for products from managers such as Grayscale, Bitwise, and 21Shares reached approximately $12.20 million, new capital has stalled since early August. This lack of inflow coincides with broader market caution regarding upcoming economic indicators, even as trading volumes remain active.
Entities
Timeline
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17 days ago
[BUSINESS] 2 sourcesDogecoin ETFs record zero net inflows over last 24 hoursDogecoin ETFs from Grayscale, Bitwise, and 21Shares recorded zero net inflows in the last 24 hours, continuing a trend of stagnant capital movement since early August.
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about 1 month ago
[BUSINESS] 2 sourcesDogecoin and Shiba Inu ETFs slump amid shift to BitcoinDogecoin ETFs recorded a brief $345 k inflow on July 21 before stagnating, while DOGE and SHIB’s market cap fell to $13.27 bn — just 1 % of Bitcoin’s value — as institutions shift to Bitcoin.
Sources
coin-turk.com · en.coin-turk.com