Bitwise to close Dogecoin ETF less than a year after launch
Less than a year after its launch, Bitwise announced plans to liquidate its Dogecoin exchange-traded fund (ETF). The measure is aimed at optimizing the product range to align with evolving investor needs. The ETF, launched in November 2025, is scheduled for closure in October, with shares ceasing trading on NYSE Arca as of October 14.
Plans to Close the Dogecoin ETF
On Thursday, Bitwise announced it would wind down its Bitwise Dogecoin ETF (ticker BWOW) to optimize its product lineup in response to shifting investor demands.
As of September 9, the fund held approximately $688,000 in net assets, according to company data. It was launched on November 25, 2025.
Timeline and Investor Actions
The last trading day of BWOW on NYSE Arca is scheduled for October 14, when shareholders can liquidate their shares. After trading ends, the fund will cease operations.
Bitwise intends to convert the Dogecoin holdings to cash on October 14 and will stop issuing new shares before the market opens October 15.
Remaining shareholders will be paid in cash based on the net asset value of their shares on October 21, with payments expected around October 22. The redemption process will be handled automatically via brokers or financial intermediaries.
Why it matters
Bitwise's decision to close its Dogecoin ETF less than a year after launch highlights the challenges of sustaining investor interest and asset volume in niche cryptocurrency ETFs amid evolving investor demand. It serves as an indicator that even major asset managers are re-evaluating their offerings to better align with client expectations and current market conditions. This development is important for investors and market participants, illustrating how exchange-traded fund products adapt dynamically to investment trends.
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