Markets· ★★· neutral·

US Spot Dogecoin Funds Post Record $2.89M Weekly Inflow

  • —Weekly inflow of $2.89 million is the highest since the product class launched, beating the prior $2.59 million record
  • —Grayscale Dogecoin Trust holds $13.87 million, roughly 81% of all US DOGE fund assets
  • —Bitwise is closing its BWOW fund: last trading day October 14, shareholder payouts October 22
  • —Dogecoin issuance runs about 14.4 million DOGE per day, worth roughly $1.38 million
Why it matters: The record inflow is tiny against DOGE's $15 billion market cap and reflects the funds' short history rather than broad institutional demand.
Source: CryptoTicker