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DOGE Dogecoin ETF has zero net inflow for the second consecutive week
According to the latest data from SoSovalue, Dogecoin exchange-traded funds (ETFs) performed flat again from July 6 to July 10, with cumulative weekly net inflow of zero. This is the second consecutive week that Dogecoin-related ETFs have not received new capital inflows.
Institutional demand stagnated
The Dogecoin ETF has repeatedly switched between zero inflow and a small positive net inflow, reflecting cautious market sentiment and lack of significant buying pressure. There was a net outflow in the previous week, the first such trend since January-these products also recorded negative weekly flows in the week of January 23.
The investment products affected include products from digital asset management companies Bitwise, Grayscale and 21Shares. These companies manage multiple Dogecoin ETFs, allowing investors to gain exposure to the popular memecoin without having to directly hold the asset.
The latest data shows that the cumulative total net inflow of Dogecoin ETF has reached US$11.77 million, while the current net assets managed by these products are US$10.23 million, accounting for only 0.09% of the current market value of Dogecoin.
The lack of new capital inflows may indicate that institutional interest in Dogecoin-related funds has temporarily stalled. Market participants are waiting for a new narrative or catalyst to reinvigorate investment activity in the asset.
Date/Period--Dogecoin ETF Net Flow--Cumulative Net Inflows (Total)--Net Assets
July 6 to July 10: US$0; US$11.77 million; US$10.23 million
Week of July 2: Negative;-;--
The week of January 23: Negative;--;--
ETF product updates and benchmarks
In product news, Swiss-based 21Shares (known for offering multiple cryptocurrency exchange-traded products) will adjust its pricing benchmark for Dogecoin ETF. The company announced plans to obtain market index data clearance from FTSE to improve pricing transparency.
(Mini Dictionary: 21Shares is a Swiss investment company that provides cryptocurrency ETP (exchange-traded products), allowing institutional and retail investors to gain exposure to digital assets through traditional stock markets.)
The company decided to adjust its pricing model amid stagnant capital inflows and fading enthusiasm for dogcoin among institutional products. Market observers are waiting for new signals of interest to drive more participation.
Market sentiment remains weak
In recent weeks, Dogecoin's lack of a strong narrative has led to sluggish performance of investment vehicles related to the asset. The broader cryptocurrency market continues to show a downward trend in valuations, with most altcoins trading near multi-year lows.
Despite the lack of enthusiasm, some indicators show reduced volatility compared to the beginning of the year. The cryptocurrency derivatives market has shown a more stable trend, with less short-term speculation and an increase in long-term positions.
Market sentiment also improved slightly. The Fear and Greed Index, often used to measure the sentiment of cryptocurrency investors, rose to 32, in the "fear" range, after staying in the extreme fear range for more than 40 days. The index has never exceeded the neutral threshold of 50 since November last year, indicating that traders are no longer panicked but remain cautious about potential gains.
Dogecoin ETFs alternate between zero inflows and moderate positive net inflows, highlighting cautious institutional sentiment and the lack of new market drivers to promote this meme cryptocurrency.
As of reporting time, Dogecoin has risen 1.45% in the past 24 hours, trading at US$0.075.
