U.S. spot Dogecoin ETF inflows reached $2.89 million in the week ended September 25, breaking the previous weekly record of $2.59 million set in January, according to SoSoValue data. The inflows arrived across three trading sessions: Monday, Tuesday, and Friday, marking a sharp increase from the prior week's $284,510 net inflow.
Grayscale's GDOG fund led the buying, capturing $806,060 in Friday inflows alone. The fund held $13.87 million in assets, representing about 81% of the total assets across all U.S. spot Dogecoin ETF products. Grayscale's cumulative net inflows reached $15.46 million following Bitwise's announcement to liquidate its BWOW fund, with October 14 set as the last trading day.
The record inflows arrived as the Dogecoin ETF landscape narrowed. BWOW held approximately $801,400 in assets and had recorded $1.23 million in lifetime net outflows before its planned closure. 21Shares' TDOG saw cumulative inflows decline from $1.63 million on September 10 to $1.03 million by week's end. After Bitwise's liquidation, two U.S. spot Dogecoin funds will remain available.
The weekly record placed Dogecoin ETF activity in perspective. U.S. spot Bitcoin ETFs attracted $2.39 billion during the same week, over 800 times the Dogecoin total. Dogecoin ETF assets represented 0.11% of DOGE's market value, while the token's single-day trading volume on September 27 exceeded the new weekly ETF inflow by 244 times.
The ETF inflows coincided with Dogecoin testing the $0.10 price level. DOGE traded near $0.098 on September 27, with a market capitalization near $15.3 billion and a 15.6% gain over seven days. Price analysis identified $0.10 to $0.105 as a resistance zone, with $0.095 serving as a near-term support level.
Large-holder activity provided an additional measure of demand. Market analyst Ali Charts reported whale wallets acquired more than 1.14 billion DOGE, valued at approximately $112 million, over a 96-hour period. This buying equaled roughly 39 times the weekly ETF inflow, though it measured whale wallet purchases rather than institutional flows.
