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One Day of $XRP ETF Demand Beat 10 Months of Dogecoin
Three tracked U.S. $DOGE ETFs have attracted just over $12 million in net inflows across nearly ten months. XRP funds pulled in $12.29 million on September 9 alone. Meanwhile, XRP funds have accumulated around $1.7 billion since launch and Solana products about $1.36 billion.
Even more interesting: the Dogecoin funds recorded zero net flows on 166 of 199 trading days. That's a good example of why popularity and investability aren't necessarily the same thing.
DOGE has enormous brand recognition, deep exchange liquidity and millions of holders. But those advantages may actually reduce the problem an ETF is supposed to solve. Someone who wants $DOGE already has plenty of easy ways to get it.
An ETF doesn't manufacture a new investment thesis, it just gives an existing thesis a different wrapper#GateSquareMidAutumnReunion #ShareWeekly