16.43 million dollars in, 13.38 million left: what is behind the Dogecoin fund gap

The US spot funds holding Dogecoin have taken in $16.43 million of net inflows since they launched. Their combined net assets stood at $13.38 million on October 20. Between the two figures sits $3.05 million, or 18.6 percent of the money paid in. That gap is no accounting error but the arithmetic of the price, and it explains better than any chart level why the fund wrapper has moved nothing at DOGE so far. For investors in Germany a second layer comes into play: what sits in a German brokerage account is usually not this fund at all.