Bitwise Closes Dogecoin ETF After Ten Months of Trading
Bitwise Asset Management has announced the closure of its Dogecoin (DOGE) exchange-traded fund, $BWOW. The firm filed with the SEC to liquidate and close the ETF by October 14, after which it will stop trading on the NYSE. Investors can sell their positions until that date before automatic sales occur, with proceeds distributed in early October. The Dogecoin ETF launched in November 2025 but failed to maintain its initial momentum; while generating $3 million U.S. in first-week volume, it saw declining activity over time. In August alone, all U.S.-listed DOGE ETFs recorded only about $318,000 in net inflows. The closure comes amid a broader crypto market downturn that began last October and has persisted for nearly a year. Bitwise cited the need to optimize its product range as part of evolving investor needs. Dogecoin’s price is down 66% over the past twelve months, currently trading at $0.085 U.S.
