Bitwise shuts down Dogecoin ETF with 688k in assets
Bitwise is liquidating its Dogecoin ETF, BWOW, citing a need to optimize its product range after the fund failed to attract significant investor interest. With net assets shrinking from an initial $2.5 million to under $700,000, the fund will cease trading on October 14 and distribute remaining cash to shareholders by October 22.
GN markets/crypto (en-US) reveals that Bitwise's internal filings show the fund's net assets plummeted by 59% from December 2025 to June 2026, driven by both DOGE price declines and a lack of new share creations. The report notes that while the fund briefly recovered to over $700,000 in early September, it has remained under $1 million in size since its launch.
Source: GN markets/crypto (en-US)GN markets/crypto (en-US) reports that Bitwise is expected to begin converting the fund's Dogecoin holdings into cash around October 14, with final net asset values to be determined on October 21 and proceeds distributed to shareholders the following day. The outlet also notes that initial trading volume was modest at approximately $3 million in the first week and that the fund carried a 0.34% management fee at launch.
Source: GN markets/crypto (en-US)Bitwise is liquidating its Dogecoin ETF, holding 688,000 dollars in net assets, ending trading on October 14.
Source: Cointelegraph
