Dogecoin price tests critical support as Wall Street ETF demand vanishes
Dogecoin price has fallen 3.17% to $0.071 on July 17 as its exchange-traded funds completed one month without recording fresh inflows. SoSoValue data shows that U.S. Dogecoin ETFs attracted no new capital between June 17 and July 17, despite the meme coin gaining additional exposure through T. Rowe Prices newly launched active crypto fund. The products also posted $871,000 in net outflows during July. The weak ETF figures have accompanied a steep decline in DOGE, which has lost about 54% since reaching $0.156 in January. Dogecoins latest drop has brought the token back to a support area that buyers have repeatedly defended since late June. During the same period, the meme coin sector has suffered a $1.2 billion sell-off, according to the original market report. The decline indicates that T. Rowe Prices entry has yet to revive demand for DOGE among retail or institutional investors. T. Rowe Price exposure has failed to revive DOGE demand T. Rowe Price launched its first actively managed cryptocurrency ETF on July 16, adding Dogecoin alongside Bitcoin, Ethereum and several other digital assets. The asset manager oversees about $1.8 trillion and supplied $15 million in seed capital to the fund. According to the fund allocation, Dogecoin received a 1.28% weighting. The