Dogecoin News Today: Institutional Altcoin ETFs Resist Crypto Market Downturn

Despite recent volatility in the cryptocurrency sector, investor interest in new exchange-traded funds (ETFs) remains strong. Grayscale and VanEck are both preparing to introduce

and investment products to the U.S. market. The Grayscale Dogecoin Trust (DOGE), which is transitioning from a previous fund structure, is as soon as next Monday, according to Eric Balchunas, a senior ETF analyst at Bloomberg. At the same time, (VSOL) started trading on Monday, joining a growing array of altcoin-focused ETFs that have continued to attract investor funds even as the broader market has declined .

These product launches are occurring during a difficult period for digital assets. U.S.-listed spot

ETFs saw $870 million in net redemptions on Thursday, marking the second-largest single-day outflow since their inception. Meanwhile, ETFs experienced $259.7 million in withdrawals . Over the last week, crypto investment vehicles have posted $2 billion in outflows, making this the third week in a row of net withdrawals and bringing the total since October to $3.2 billion . Bitcoin (BTC-USD) dropped below $100,000, trading at $96,847.63 as of Friday, while Ethereum (ETH-USD) declined to $3,157.87 . Analysts from 10X Research have , pointing to weak ETF inflows, profit-taking by long-term holders, and subdued activity from retail investors.

Even with the downturn, institutional demand for altcoins remains high. Bitwise's Dogecoin ETF could begin trading before the end of the month, made in early November. VanEck's joins Canary Capital’s XRP ETF (XRPC), which achieved a record $58 million in trading volume on its first day, and the (BSOL), which now oversees more than $550 million in assets . These new offerings highlight a broader movement toward institutional recognition of altcoins, with Ric Edelman from the Digital Assets Council stating that "crypto is increasingly regarded as a legitimate asset class suitable for diversified portfolios" .

The current ETF landscape also demonstrates Ethereum's continued strength. BitMine Immersion (BMNR) disclosed holdings of 3.6 million

tokens, solidifying its status as the largest Ethereum treasury. In a November message, the company’s chairman highlighted Ethereum’s long-term prospects, citing benefits from the upcoming Fusaka upgrade and progress in asset tokenization. Meanwhile, Ethereum ETF outflows—amounting to 4% of assets under management—stand in contrast to cautious optimism about the asset’s technical outlook .

As the market works through this bearish cycle, the introduction of new ETFs highlights the evolving place of cryptocurrencies in mainstream finance. Although outflows continue, the steady rollout of products such as

and VSOL points to increasing institutional adoption, even as individual investors remain cautious about further declines .