US spot Dogecoin funds: $16.43M in, $13.38M in assets
- —Cumulative net inflows since launch: $16.43M; net assets on Oct 20: $13.38M
- —The $3.05M gap (18.6%) reflects the DOGE price drop, not an accounting error
- —Fund turnover of $513,319 vs $475.3M spot volume — a 0.108% share
- —Bitwise winds down its Dogecoin fund for cash on October 22
Why it matters: At this size the funds cannot support the DOGE price, only track it, so ETF flows do not explain daily moves in the asset.
Source: CryptoTicker