Dogecoin exchange-traded funds have posted their largest weekly withdrawal since mid-August, with net outflows reaching approximately $538,000 over the past week, according to data from SosoValue.
The outflows come as the broader cryptocurrency market faces continued declines, and investor participation in Dogecoin ETFs remains subdued. The latest withdrawal is the biggest since a weekly outflow of more than $564,000 recorded in mid-August.
The weak ETF performance coincides with a drop in DOGE’s price, which was trading around $0.07553 on October 24 after falling 5.62% over the prior 24 hours. Institutional investors appear to be exercising caution amid volatile conditions, contributing to a bearish short-term outlook for the meme token.
Still, a single week of outflows does not necessarily confirm a lasting decline in institutional demand, and some market participants remain hopeful for a shift in sentiment.
