Dogecoin exchange-traded funds experienced a week of zero net inflows from July 6 to July 10, according to data from SoSovalue. Each day during the period recorded no new capital, resulting in a flat $0 weekly flow. This follows a rare negative net flow in the prior week, the first such occurrence since the week ending January 23.
The trio of products from Bitwise, Grayscale, and 21Shares has intermittently alternated between positive and flat weekly flows, reflecting cautious market sentiment and limited optimism. The cumulative total net inflow since inception stands at $11.77 million, while total net assets amount to $10.23 million—representing just 0.09% of Dogecoin’s market capitalization.
In a related move, 21Shares is reshaping its Dogecoin ETF’s pricing benchmark by licensing FTSE digital asset index data, though this operational change does not directly address the current inflow drought. Meanwhile, the broader crypto market remains in a bearish phase, with most altcoins trading at multi-year lows. The Fear and Greed Index has recovered slightly to 32 (fear) after more than 40 days in extreme fear, but the gauge has not sustained a move above 50 since November.
Dogecoin itself was trading at $0.075, up 1.45% in the last 24 hours, but without a strong narrative to drive fresh buying interest. Analysts note that a clear catalyst is still needed to revitalize demand for the dog-themed meme coin’s investment products.
