Grayscale's Dogecoin Trust Sees Significant Inflows Amid Meme-Coin Sentiment

Grayscale's Dogecoin Trust ETF, GDOG, experienced fresh inflows of $861,000 on May 19, marking a notable vote of confidence in the meme-coin themed vehicle.

The influx lifted assets under management to roughly $9.87 million, with the latest haul equaling about 8.7% of AUM, a significant single-day shift for a niche crypto trust.

The related asset, DOGE-USD, is currently trading at around $0.10518, up 8.25% over the past three months despite choppy broader crypto sentiment.