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tldr; Grayscale's Dogecoin Trust ETF (GDOG), the first US spot Dogecoin ETF, launched on the NYSE but recorded zero net inflows on its first day. Despite Dogecoin's cultural success and status as the 9th largest cryptocurrency, the ETF's launch highlights challenges in attracting institutional interest. The lack of new capital and reliance on existing interest, coupled with a waived management fee, suggest limited appeal. Institutional investors remain hesitant to embrace a meme-based financial product, leaving GDOG struggling to gain traction on Wall Street. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.