Bitwise to Close Dogecoin ETF Before Its First Anniversary

Bitwise said it will liquidate its Dogecoin exchange-traded fund, ticker BWOW, with October 14, 2026 expected to be the ETF's final trading day on NYSE Arca. Remaining holders will receive cash based on the fund's October 21, 2026 net asset value, to be paid on October 22, 2026.

By AI NewsroomPublished 19 minutes agoUpdated 19 minutes ago0 views

Bitwise to Close Dogecoin ETF Before Its First Anniversary

Why It Matters

The shutdown removes a recently launched crypto product that had under $1 million in assets and underscores Bitwise's stated move to pare its offerings to align with investor demand. The closure also comes after a surge of firms introducing token-focused ETFs, including contemporaneous Dogecoin products from other issuers.

Key Facts

Fund ticker: BWOW
Issuer: Bitwise
Final expected trading day: October 14, 2026
Cash distribution date: October 22, 2026
NAV date for distribution: October 21, 2026

Bitwise has announced plans to liquidate its Dogecoin exchange-traded fund, BWOW, less than a year after the product began trading. The firm said October 14, 2026 is expected to be the ETF's final day on the NYSE Arca, and that it is winding down the vehicle as part of efforts to "optimize its product range." The fund held about $722,000 in net assets as of September 8, according to Bitwise.

Shareholders do not need to take any action to receive the cash proceeds, the company said. Remaining investors will be paid in cash based on the fund's net asset value as of October 21, 2026, with distributions expected on October 22, 2026.

BWOW began trading on November 26, 2025, providing brokerage-based exposure to Dogecoin without requiring direct cryptocurrency custody. The fund's website shows it held roughly 8.2 million DOGE, valued at about $688,000; Bitwise did not cite the size of holdings as the reason for the closure.

The Dogecoin ETF was launched amid a broader wave of crypto fund rollouts that expanded issuers' offerings beyond Bitcoin and Ethereum. Bitwise first moved toward the product in early 2025 by registering a Delaware entity in January and later removed a delaying amendment from its SEC registration in November, clearing the way for its listing. At launch, Bitwise's CEO described the product as responding to demand from Dogecoin holders for an exchange-traded vehicle to gain crypto exposure through traditional brokerage accounts.