Markets· ★★★· bearish·

Bitwise shuts down spot Dogecoin ETF after 11 months

  • —Bitwise closes its spot DOGE ETF, paying out holders in cash
  • —DOGE trades near $0.0795, down 4.3% from the previous close
  • —Remaining spot DOGE ETFs saw zero net flows, assets at $12.9 million
  • —About 13.55 million new DOGE are issued daily, roughly $1.1 million at current prices
Why it matters: The closure of the first memecoin spot ETF weakens institutional demand for DOGE and adds pressure on the $0.0788 support.
#DOGE
Source: BTC-ECHO
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