U.S. spot Dogecoin ETFs recorded $2.89 million in net inflows for the week ended September 25, setting a new weekly record for the young product category, according to SoSoValue data. The total surpassed the previous weekly high of about $2.59 million, set in the week ending January 2, 2026, and marked a sharp rise from the $284,510 net inflow logged the prior week.

The record was compiled across just three trading sessions — Monday, Tuesday, and Friday — highlighting how concentrated the week's demand was. DOGE traded near $0.098 on September 27, close to the $0.10 level that has repeatedly capped the token's recent advances.

Grayscale's GDOG fund accounted for all $806,060 of Friday's net inflow, lifting its cumulative net inflows to $15.46 million after Bitwise announced the closure of its rival product. GDOG held $13.87 million in assets, roughly 81% of the group's reported total, per SoSoValue data.

Grayscale Captures Most Demand as Bitwise Prepares Exit

Grayscale drew the bulk of investor demand, while flows at rival funds moved in the opposite direction. Net flow figures subtract redemptions from subscriptions, which obscures gross activity across the three products in the combined weekly totals.

21Shares' TDOG saw cumulative inflows decline from $1.63 million on September 10 to $1.03 million, according to SoSoValue. Bitwise said it would liquidate BWOW, with October 14 set as the fund's final trading day. BWOW held about $801,400 in assets and had recorded $1.23 million in lifetime net outflows, as a previous Blockonomi report detailed. Three U.S. spot Dogecoin funds currently trade, and Bitwise's exit will leave Grayscale's GDOG and 21Shares' TDOG as the two remaining products, shrinking the lineup even as the category posts its largest week of net inflows since launch. From October 14 onward, weekly flow tallies for the category will draw on just those two funds.

The vehicles give investors exposure to DOGE through a standard brokerage account without requiring direct custody of the token, an arrangement that lowers the barrier to entry for traditional investors.

The Dogecoin figures remain modest next to the broader crypto fund market. U.S. spot Bitcoin ETFs, the largest segment of that market, attracted $2.39 billion during the same week, more than 800 times the Dogecoin total. SoSoValue data put Dogecoin funds' assets at just 0.11% of DOGE's market value, and inflows have been sparse overall: they appeared in only nine U.S. trading sessions between July 1 and September 18, 2026.

Spot trading activity also dwarfs ETF flows. CoinGecko placed DOGE's 24-hour volume near $704.9 million on September 27, a single-day total about 244 times larger than the new weekly ETF record.

Whale Buying Builds Near $0.10 Resistance

The record inflow week coincided with DOGE's latest test of the $0.10 price level. The token traded near $0.098 on September 27, with CoinGecko reporting a market capitalization of around $15.3 billion. The $0.10 mark has acted as a persistent overhead barrier during the token's recent advances: price analysis identifies resistance between $0.10 and $0.105, while one near-term reading flags $0.095 as support. CoinGecko data showed DOGE gained 15.6% over seven days but remained below the $0.10 threshold.

Large-holder activity added a separate demand measure. Market analyst Ali Charts reported that whale wallets acquired more than 1.14 billion DOGE, worth about $112 million, over a 96-hour window, as shared in a post on X. The buying came as DOGE encountered resistance near $0.098, a zone where roughly 28 billion tokens had previously changed hands. Ali' estimate equals roughly 39 times the weekly ETF flow, though it measured whale wallet purchases rather than fund activity.

The episode followed earlier accumulation phases. In May, wallets acquired 525 million DOGE over a 96-hour stretch as the token traded near its 200-day moving average. From September 9 to 14, wallets holding at least 100 million DOGE each added about 240 million tokens while DOGE fell from $0.091 to $0.081, with the combined holdings of those wallets approaching 19 billion DOGE.

At other points this year, 149 top wallets each held more than 100 million DOGE, together controlling over 108 billion tokens. Futures open interest climbed into the $1.5 billion to $1.67 billion range during peak activity, and short liquidations exceeded $12 million during recent accumulation phases.

ETF inflows, whale wallet totals, and futures open interest each track separate measures of market activity, and none of the three alone captures the full picture of demand around the token.