Dogecoin (CRYPTO: DOGE) surged 30% over four days, while Shiba Inu (CRYPTO: SHIB) rallied 27% in its strongest January performance since 2023, outperforming Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and XRP (CRYPTO: XRP).

DOGE ETFs Drive Institutional Demand

The Grayscale DOGE Spot ETF (NYSE:GDOG) and Bitwise DOGE Spot ETF (NYSE:BWOW) saw explosive demand in early January after months of flat activity.

Daily net inflows spiked to $1.60 million on January 5 and $2.90 million on January 2, marking the first significant institutional buying since the ETFs launched in late 2025. 

Cumulative total net inflow across DOGE spot ETFs reached $6.24 million as of January 6, with nearly all of…

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