Dogecoin ETF Sees Biggest Weekly Withdrawal in October

The largest meme token by market capitalization, Dogecoin has seen the weakness caused by the broad market volatility extend to its ETF ecosystem. While momentum remains weak, the latest data from SosoValue shows that Dogecoin ETFs have recorded their largest outflow since August this week. Notably, the data shows that Dogecoin ETFs have recorded about $538,000 in net outflows this week as the broader crypto market continues to face steady declines. The Dogecoin ETF market has continued to see slower participation from investors, as they see little to no weekly inflows month after month. Nonetheless, the withdrawal seen this week marks the largest outflow recorded since mid-August, when it posted a weekly outflow of over $564,000.

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