Grayscale, 21Shares, and Bitwise's Dogecoin ETFs again recorded zero net inflow on , continuing the sluggish trend since early February. This pattern is similar to that since the end of last year, when only sporadic inflows or outflows occurred. The slow start of these funds, such as Grayscale's GDOG which only traded $1.4 million upon launch, stands in stark contrast to the brief "meme coin" rally earlier this year. Dogecoin's price has been sluggish for several months, currently down 4% to $0.092, with key support at $0.09. Analysts point out that when mainstream cryptocurrencies trade within a range, "meme coins" often see speculative capital flows, but when market sentiment shifts, they are hit the hardest.