Bitwise to Close Dogecoin ETF Before Its First Anniversary

In brief

• Bitwise is liquidating its Dogecoin ETF less than a year after its November 2025 debut.
• BWOW held about $722,000 in net assets as of September 8.
• Remaining shareholders will receive cash based on their shares’ October 21 net asset value.

Crypto asset manager Bitwise is winding down its Dogecoin exchange-traded fund less than a year after launch, ending a product that held about $722,000 in assets this month.

Bitwise made the announcement on Thursday, telling investors that it would liquidate BWOW, with October 14 expected to be its final trading day on NYSE Arca.

“On Thursday, October 22, 2026, the remaining shareholders will receive the net asset value of their shares as of October 21, 2026, distributed in cash,” Bitwise wrote. “Shareholders do not need to take any action during this process.”

Bitwise said the decision was part of efforts to “optimize its product range to meet evolving investor needs.”

An exchange-traded fund, or ETF, lets investors buy and sell shares on a stock exchange to gain exposure to assets like stocks, bonds, or cryptocurrencies without owning them directly.

The BWOW fund currently holds about 8.2 million DOGE worth roughly $688,000, according to the fund’s website; Bitwise did not cite this as a reason for closing the fund.