Bitwise Shuts Down Its Dogecoin ETF After Less Than a Year
Bitwise is liquidating its Dogecoin ETF (BWOW) after less than 10 months of operation, marking the end of one of the few Wall Street products focused on DOGE. The fund began trading in November 2025 but failed to attract significant investor interest and lost over 45% of its value since launch. As of September 9, BWOW had only $687,713 in assets under management with a net asset value that declined sharply during the period. Dogecoin's price currently stands at around $0.084 — nearly 90% below its peak from late 2021 and far short of the widely discussed $1 target. To reach this level, DOGE would need to rise by approximately 1,090%. Analysts suggest that such a move is unlikely in the near term given current market conditions. The closure reflects broader challenges for memecoins like Dogecoin, which have lost much of their speculative appeal and are no longer as responsive to social media-driven hype. Bitwise cited its ongoing efforts to optimize product offerings but did not explicitly attribute the ETF's failure to weak demand or poor performance.
Topics: Bitwise cryptocurrency performance Dogecoin (DOGE) ETF liquidation