Bitwise’s Dogecoin ETF Faces Liquidation as CEO Calls Outcome ‘Tragic’

Forecast Trend Report by Period

Bitwise Chief Executive Officer Hunter Horsley called the failure of the firm’s spot Dogecoin ETF “tragic.”

The weak performance of the Dogecoin ETF underscored the gap between ETF investors and users of crypto apps, Horsley said at Digital Asset Summit 2026 Asia, according to an Oct. 8 report by The Block.

Bitwise Dogecoin ETF (BWOW) listed on NYSE Arca in November last year, but is now entering liquidation before reaching its first anniversary. Trading is scheduled to end on Oct. 14, and the fund plans to distribute cash to remaining investors on Oct. 22. Assets under management stood at about $725,870 as of Oct. 7, while September trading volume was just $51,480, according to SoSoValue.

Horsley said he likes Dogecoin and personally owns it. The token has historically lacked practical utility, he said, though it carries symbolic value. As an ETF, however, it failed to deliver results.