Bitwise to put down Dogecoin ETF less than a year after launch

Bitwise will liquidate its Bitwise Dogecoin ETF (ticker: BWOW) in October, under a year after the fund's launch. The firm said it is closing the product to streamline its offerings; trading on NYSE Arca is expected to end Oct. 14 with cash distributions to follow around Oct. 22.

By AI NewsroomPublished 29 minutes agoUpdated 29 minutes ago0 views

Bitwise to put down Dogecoin ETF less than a year after launch

Why It Matters

The closure shows a rapid pullback from a memecoin-focused ETF product after low assets under management, illustrating how niche crypto funds can be quickly adjusted or discontinued when they fail to attract scale. The timetable and automatic redemption process affect holders and market access to token-linked ETFs.

Key Facts

Fund name: Bitwise Dogecoin ETF (BWOW)
Asset manager: Bitwise
Net assets (as of Sept. 9): $688,000
Launch announcement date: Nov. 25, 2025
Last day of trading (expected): Oct. 14

Bitwise said it will wind down its Bitwise Dogecoin ETF, known by the ticker BWOW, with operations ceasing in October. The firm told investors it is closing the product as part of an effort to refine its lineup of investment products to align with changing investor demand.

At the time of the notice, BWOW held roughly $688,000 in net assets, according to Bitwise’s fund data as of Sept. 9. The fund was introduced when the company announced its launch on Nov. 25, 2025, making the upcoming liquidation come in under a year after the product's debut.

Trading of BWOW on NYSE Arca is expected to end on Oct. 14; shareholders may sell their positions through that final session. Bitwise said it will convert the fund’s Dogecoin holdings to cash on Oct. 14 and will stop creating new shares before the opening of markets on Oct. 15.

After the conversion, remaining shareholders will receive cash based on the fund’s net asset value as of Oct. 21, with payments anticipated on or around Oct. 22. Redemptions will be handled automatically through brokers or other financial intermediaries, according to the closure notice.