Grayscale's Dogecoin ETF Sees Fresh Inflows Amid Renewed Meme-Token Interest

Grayscale's Dogecoin Trust ETF Accred Inv (GDOG) has seen significant inflows of $654,500 on August 21, lifting its assets under management to $9.12 million.

This influx represents a renewed interest in the meme-token exposure provided by GDOG, with the latest entry accounting for roughly 7.18% of the fund's total assets.

The related asset, DOGE-USD, has been trading around $0.09049, down about 8.9% over the past three months.

However, a one-day technical signal has flipped to Buy, indicating that some traders may be using GDOG as a regulated vehicle to express their view on the short-term upside of DOGE-USD.