Dogecoin spot ETFs experienced a resurgence in May, recording $2.154 million in net inflows from May 1 to May 19, according to SoSoValue data. This marks the strongest monthly inflow for DOGE products since January, continuing a trend of net-positive months since the ETFs' launch in November 2025. However, the inflows were concentrated on specific days, with May 18 alone accounting for 40% of the month's total.
Cumulative net inflows for DOGE spot ETFs reached $11.78 million by May 19, up from $9.63 million at the start of the month. Despite a decline in Dogecoin's market price, total net assets increased from $13.19 million to $14.51 million. The market remains concentrated, with Grayscale's GDOG leading in net inflows and assets, while Bitwise's BWOW faced outflows. Trading activity was thin, and premiums or discounts to NAV were minimal, indicating stable pricing.
Dogecoin Spot ETFs Attract $2.15M in May Amid Episodic Inflows
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