US spot crypto ETFs recorded a sharp local surge in interest toward Dogecoin (DOGE), even as Bitcoin shed $648.64 million in a single day and Ethereum saw $86.31 million in outflows. Institutional investors selectively reallocated liquidity toward altcoins, including XRP, Solana, and DOGE.
According to data from SoSoValue, net daily inflows into Dogecoin ETFs reached $860,960, the highest level since April 10 and a 215% increase from the previous day. Total net assets under management across funds such as Grayscale’s GDOG and 21Shares’ TDOG climbed to $14.69 million.
The spike was fueled by both fundamental expectations and technical positioning. Anticipation of a payment integration on Elon Musk’s X platform continues to build, especially after a March 10 promise to launch early access to X Money “next month” that has yet to materialize. However, X recently updated its Cashtag feature, allowing live price charts and market data in timelines, renewing optimism among the DOGE community.
From a market perspective, DOGE corrected roughly 13% from its May 11 peak and on the weekly chart retested the key middle Bollinger Band near the $0.10 level. A successful retest of this dynamic support is seen as a strong buy signal with minimal downside risk, making the current price an attractive entry for investors ahead of a potential X Money launch.
