The two U.S. spot Dogecoin ETFs have recorded no inflows or outflows for a month, according to SosoValue data. Their last activity was a combined net outflow on October 13, while Dogecoin's price continues to trend downward.
U.S. spot Dogecoin ETFs have gone an entire month without recording any new inflows or outflows, based on SosoValue data. The pause comes as Dogecoin's price continues to trend downward.
The two existing spot DOGE ETFs last recorded activity on October 13, when they posted a combined net outflow of $138,570. Neither fund has registered a day of positive or negative flows since October 14, so daily net inflows stayed at zero until November 13.
Both issuers, Grayscale and 21Shares, recorded zero daily net inflows on November 13. U.Today reads the month of zero flows as a sign of fading institutional interest in the largest meme token by market capitalization.
Grayscale's fund still leads the U.S. spot Dogecoin ETF market. It holds $9.15 million in net assets, while 21Shares' fund has held only $1.58 million since its launch.
Together the two funds hold $10.73 million, so Grayscale accounts for about 85.3% of the combined assets.
Dogecoin keeps its position as the leading meme token, but U.Today says institutional demand has remained on hold as the price posts deeper corrections.
Source: U.Today
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