Dogecoin ETFs have achieved record weekly inflows while the cryptocurrency faces downward price pressure, creating a divergence between institutional demand and market sentiment.
Data from SoSoValue shows that inflows to Dogecoin ETFs during the week of September 21-25 reached $2.89 million, marking the highest weekly inflow since the products launched in November 2025. The Grayscale Dogecoin Trust accounted for most of this activity with $3.48 million in inflows, while the 21Shares Dogecoin ETF recorded $593,000 in outflows. The Bitwise Dogecoin ETF reported no inflows as it prepared for shutdown on October 14.
Since their November 2025 launch, Dogecoin ETFs have accumulated total net assets of $17.03 million, representing 0.11% of Dogecoin's $16.6 billion market capitalization. The rising inflows coincided with price movement from $0.087 on September 21 to a brief touch of $0.10 before retreating to $0.097.
Short Sellers Increase Positions
Short-selling activity has intensified despite the ETF inflows. Data from CoinGlass showed that Dogecoin's long/short ratio remained below 1.0 since September 19, with the ratio declining to 0.87, indicating more short positions than long positions. This metric suggests traders are betting on a price decline, though a sharp rally could trigger a short squeeze.
Technical Indicators Show Mixed Signals
On the four-hour chart, Dogecoin has triggered a sell signal as the RSI line crossed below its signal line. The price also moved below support at the lower trendline of an ascending channel, suggesting weakening upward momentum. Support levels are positioned near $0.092, while resistance is found at the $0.098 midline and psychological level of $0.10.
