Bitwise Announces Closure of Dogecoin ETF Before Its First Anniversary
Cryptocurrency asset manager Bitwise has announced it will liquidate its Dogecoin exchange-traded fund (ETF), BWOW, before the product reaches its first anniversary. The decision comes as part of efforts to optimize its investment offerings in response to evolving market demands. The ETF is expected to close on October 14, with remaining shareholders receiving cash distributions by October 22. Launched on November 26, 2025, the BWOW fund held approximately $722,000 in assets as of September 2026. It provided investors exposure to Dogecoin (DOGE) without requiring direct ownership or storage of the cryptocurrency. Bitwise did not attribute its decision to low demand but rather a strategic shift within its product lineup. The closure reflects broader trends among crypto ETF providers expanding beyond Bitcoin and Ethereum into altcoins like XRP and DOGE, with firms such as Grayscale also offering similar products.
Topics: Bitwise Dogecoin ETF liquidation