Dogecoin (DOGE) is not in a good place today, May 7, after it dropped by 4.62% to $0.11. But this has not prevented institutions from flocking here through DOGE ETFs, even if it seems like it is too late. A rising wedge pattern also reads that Dogecoin price is not out of the woods just yet because there are many people who are selling to get profits.
DOGE ETF Inflows Return Amid Rally
Dogecoin ETFs were launched last year, and that became the first time that a meme coin found its way into Wall Street. But this launch did not get the same success as Bitcoin and Ethereum because the DOGE ETF can go for days without seeing any inflows as seen on SoSoValue.
Bitcoin ETFs have never gone a single day without having any flows, whether these are positive or negative. But when you…
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Source coingape.com
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