Dogecoin's (DOGE) spot exchange-traded funds recorded approximately $538,000 in net outflows this week, marking the products' largest weekly withdrawal since August, according to flow data from SosoValue spot DOGE ETF tracker.

A net outflow of that size means redemptions across the spot Dogecoin products outweighed new subscriptions over the weekly measurement window. Because the reading is the largest since August, it also indicates that no weekly tally in the intervening months reached this withdrawal level.

The withdrawal figure landed during a stretch in which the token's price gave back ground as well, with Dogecoin declining alongside the fund outflows. Weekly spot-ETF flow figures are tracked as a gauge of how much exposure investors are adding to or pulling from an asset through exchange-listed vehicles, so the week registered contraction on both of those fronts — net redemptions in the funds and a lower token price — without the data itself establishing any direction of cause between the two.

SosoValue's spot DOGE ETF tracker compiles the weekly flow records for the spot Dogecoin products, providing the data underpinning the latest tally. Subsequent weekly updates from the same tracker will show whether the withdrawals extended into another period or reversed, with future tallies measured against this week's roughly $538,000 figure as the products' heaviest weekly outflow since August.

This content was first published on COINOTAG: https://en.coinotag.com/dogecoin-doge-etfs-post-538000-weekly-outflow-largest-since-august