DOGE ETFs See $419K Inflow Boost Amid Choppy Market

Dogecoin's price has been declining over the past 24 hours, but recent data suggests that institutional interest in the cryptocurrency is still present. According to a report, DOGE ETFs saw a net inflow of $419,000 on September 3, marking three consecutive days of positive flows.

This streak is significant as it indicates that despite a choppy few months for Dogecoin, institutional investors have not fully lost interest in the cryptocurrency. However, the recovery is far from complete, with DOGE ETFs remaining down $344,000 for September overall.

The 4-hour chart of DOGE shows that the price has broken above its descending channel and flipped into a new ascending channel. This structural shift could be an indication that Dogecoin's price is about to make a decisive move.