Dogecoin ETFs See Record $2.89M Inflows as Bitwise Prepares to Liquidate

Despite Bitwise's decision to liquidate its Dogecoin ETF, BWOW, on October 14, U.S. spot Dogecoin (DOGE) ETFs have seen a record $2.89 million in weekly net inflows.

This is the largest weekly inflow since launch and surpasses the previous January record of about $2.59 million. The recent increase has concentrated largely in Grayscale's GDOG, which now holds about 81% of the group's assets.

Grayscale's cumulative net inflows have increased from $11.7 million to $15.46 million since Bitwise announced it would liquidate its fund on September 10. In contrast, 21Shares' TDOG has seen a decline in net inflows from $1.63 million to $1.03 million.

The flow pattern shows that the recent increase is largely concentrated in GDOG rather than spreading evenly across U.S. spot Dogecoin products.