Dogecoin Sees 215% Spike in US ETFs Despite Musk's Silence: Why DOGE Buyers Step in at $0.10

US spot crypto ETFs have recorded a local spike in interest toward Dogecoin (DOGE). With Bitcoin losing around $648.64 million in a single day and Ethereum seeing $86.31 million in outflows, institutional investors have started selectively reallocating liquidity toward altcoins, including XRP, Solana, and DOGE.

According to the latest data from analytics platform SoSoValue, net daily inflows into Dogecoin ETFs reached $860,960, marking the highest level since April 10 and a 215% increase compared to the previous inflow. Total net assets under management across funds such as GDOG from Grayscale and TDOG from 21Shares climbed to $14.69 million.

Total DOGE Spot ETF Net Inflow since April 10 2026, Source: SoSoValue

The dual force driving the Dogecoin ETF surge by 215%

This local spike can be explained by an interesting combination of fundamental expectations and precise technical positioning. On one hand, interest in Dogecoin continues to be fueled by prolonged anticipation surrounding payment integration on X, the social platform owned by Elon Musk. Back on March 10, the billionaire promised to launch early public access to the X Money system "next month".

Although the rollout had still not taken place as of May 19, platform X introduced an important interim step by deploying a major update to its Cashtag feature, allowing crypto communities to embed live price charts and market data directly into their timelines, giving crypto holders, and particularly DOGE supporters closely associated with Musk, renewed optimism.