Dogecoin exchange-traded funds (ETFs) have returned to stagnation after a brief one-day inflow spike. According to data from SoSoValue, daily net inflows for Dogecoin ETFs stood at $0 on July 24, following the same pattern on July 22 and 23. This lull was interrupted on July 21 when the ETFs recorded a one-day inflow of $345,130, breaking a streak of zero-inflow days that had persisted since July 6.
Despite the recent quiet period, Dogecoin ETFs have accumulated a cumulative total net inflow of $12.12 million as of July 24. The brief $345,130 inflow also marked the first positive week of inflows since the week ending June 18.
While ETF flows remain subdued, Dogecoin's market signals are mixed. The token is trading down 0.17% over 24 hours at $0.07, and futures open interest has risen to $1.10 billion, which may suggest trader interest in shorting the declining market. However, crypto analyst Ali noted that the TD Sequential indicator has flashed a buy signal on the monthly chart as DOGE approaches major support at $0.056. If that level holds, a rebound toward $0.16 — and potentially the top of the channel near $0.45 — could be possible.
