A new addition to the DOGE ETF! Bitwise's DOGE Spot ETF (trading code BWOW) has just been listed on the NYSE, making it the second DOGE ETF available on the market.

Let's take a look at yesterday's data: the entire DOGE Spot ETF market had a net inflow of $365,000. Interestingly, Bitwise's new ETF performed rather flat on its first day with no net inflow, but the trading volume reached $2.83 million, with a net asset size of $2.56 million. In contrast, Grayscale's old DOGE ETF attracted $365,000 in inflow, bringing its cumulative historical net inflow to $2.16 million.

Currently, the total net asset value of the two ETFs combined is 6.48 million USD, and the net asset proportion of DOGE is quite low, only 0.03%.

By the way, the Bitwise ETF is quite flexible, supporting both cash and Spot redemption methods, with a management fee of 0.34%—which is considered a normal level in the ETF space. It seems that institutions' interest in DOGE is still on the rise.

DOGE-0.85%

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OneBlockAtATime

· 11-29 11:48

The Bitwise new ETF was disappointing on its first day, while Grayscale remains steady... However, a total scale of 6.48 million does feel a bit quiet, and DOGE hasn't made much of a breakthrough in TradFi yet.

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LiquidityWhisperer

· 11-29 09:31

Another new ETF is launched, but the traffic has been eaten up by the old brands... Indeed, institutions are gradually getting on board.

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PanicSeller

· 11-27 04:55

Another DOGE ETF is coming, this time it can really get rolling. --- This new Bitwise one isn’t popular at all, Grayscale is still in demand. --- Wait, a total size of 6.48 million dollars? That’s way too small. --- What’s 0.34% management fee? With this little asset, they still want to play people for suckers. --- DOGE only accounts for 0.03%, institutions really don’t care. --- The lack of net inflow on the first day shows that everyone understands. --- So it's just two ETFs competing with each other, and the retail investors are still being played for suckers. --- The management fee ratio isn’t low, I think it’s questionable.

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MEV_Whisperer