Dogecoin ETFs return to zero inflows after a single $345,130 day

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Dogecoin ETFs return to zero inflows after a single $345,130 day
PrimeXBT Editorial Team
Reviewed by PrimeXBT

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Dogecoin ETF inflows fell back to $0 on July 24, after a single July 21 session pulled in $345,130. The brief surge broke a zero-inflow run stretching back to July 6, yet the funds returned to a standstill. Cumulative net inflows still stand at $12.12 million.

The exchange-traded funds tracking Dogecoin have slipped back into a quiet phase. According to SoSoValue data, the products saw $0 in daily net inflow on July 24, the same flat reading recorded on July 22 and 23.

That stillness followed a brief interruption. On July 21, Dogecoin ETFs drew $345,130 in net inflow, their first positive day after every session since July 6 had posted zero. The move also handed the funds their first positive week since the week ending June 18.

Zero-flow days are not unusual for newer or lower-volume crypto ETFs, particularly those tracking assets beyond Bitcoin and Ethereum.

Even so, cumulative total net inflow reached $12.12 million as of July 24, crossing the $12 million mark despite the lull in inflows.

Dogecoin's spot price edged lower too. At the time of writing, Dogecoin traded down 0.17% over 24 hours at $0.07, easing alongside the broader crypto market.

Source: U.Today

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