Why Is Dogecoin Rising While Its ETFs Bleed?

Dogecoin (DOGE) held firm this week even as its exchange-traded funds posted a third-ever outflow, days after President Trump disclosed $635 million in meme coin royalties.

Key Points:

DOGE ETFs Post Third Outflow

Spot DOGE funds logged $871,110 in net outflows on Jul. 2, only the third withdrawal since the products began trading late last year. It snapped a run of nine straight zero-flow sessions. Even so, the thinly held funds have offered DOGE little institutional backing since their late-2025 debut, and daily volume still hovered near $706 million through a holiday-thinned week ahead of the July 4 close.

The shift traced back to Washington, where Trump's 927-page disclosure, reported this week, put his 2025 crypto income above $1.4 billion. Most of that came from the TRUMP (TRUMP) meme coin he launched in January 2025, a token that has since cratered about 96% from its $75 peak while retail buyers lost more than $700 million.

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Warren Targets Trump's Crypto Profits

The filing rattled Washington. Odds that the CLARITY Act becomes law this year slid to 39% on prediction markets, a fresh low from above 60% as recently as early June. Elizabeth Warren argued that the crypto bill heading to the Senate floor must stop the president and his family from profiting further while federal policy is still being written.

Republicans pushed back hard. Senator Cynthia Lummis cited more than a dozen safeguards already baked into the measure, even as Galaxy Research cut its own passage odds to a coin flip, citing a thinning Senate calendar before the August recess.

Dogecoin Price Defends $0.070 Support

DOGE shook off the exit. The token rebounded about 3% to near $0.075 after defending its $0.070 floor, with the RSI lifting off oversold territory near 32 as a bullish morning star formed on the daily chart.

A hold above that floor keeps a push toward $0.076 in play, and a clean break would open room toward the $0.083 target flagged by chart watchers.

Retail traders leaned the other way. The MACD crossed back above its signal line, futures open interest jumped over 7% in a single day to $1.04 billion, and the funding rate hit 0.0099%, its highest reading in nearly three months.

DOGE spent late June under heavy pressure. It shed nearly 12% in the final week of the month and closed the stretch near $0.073 amid a broad, macro-driven selloff. The coin even slipped to a two-year low around $0.070, its weakest mark since early 2024, before this week's rebound off that support.

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