Bitwise Shuts Down Dogecoin ETF After Ten Months as Volumes Dry Up
The closure of the Bitwise Dogecoin ETF ($BWOW) is in focus after a regulatory filing with the U.S. Securities and Exchange Commission named Oct. 14 as the fund's final trading session on the New York Stock Exchange. Bitwise Asset Management said trading will cease before the market opens Oct. 15, and in the same filing, the company said it plans to calculate net asset value on Oct. 21 before distributing cash proceeds automatically to investors' brokerage accounts on Oct. 22.
Key takeaways
- Bitwise is shutting down its Dogecoin ETF ($BWOW), with Oct. 14 set as the fund's final trading session on the New York Stock Exchange.
- $BWOW launched on Nov. 26, 2025, and generated close to $3 million in trading volume in its opening week, but activity faded and never returned.
- Bitwise plans to calculate net asset value on Oct. 21 and automatically distribute cash proceeds to investors' brokerage accounts on Oct. 22.
- Dogecoin ($DOGE) has lost 66% of its value over the last 12 months and was trading at $0.085.
- Bitwise said it is closing the fund to 'optimize its product range to meet evolving investor needs.'
The closure of the Bitwise Dogecoin ETF ($BWOW) is in focus after a regulatory filing with the U.S. Securities and Exchange Commission named Oct. 14 as the fund's final trading session on the New York Stock Exchange. Bitwise Asset Management said trading will cease before the market opens Oct. 15, and in the same filing, the company said it plans to calculate net asset value on Oct. 21 before distributing cash proceeds automatically to investors' brokerage accounts on Oct. 22.
$BWOW launched on Nov. 26, 2025, giving investors exposure to Dogecoin ($DOGE) without requiring them to hold the token directly, and generated close to $3 million in trading volume during its opening week. That throughput never returned. Daily activity faded in the months that followed, and the broader U.S. Dogecoin exchange-traded product market recorded only roughly $318,000 in net inflows during August, according to data from SoSoValue. Bitwise said it is closing the fund to "optimize its product range to meet evolving investor needs."
The setup for $DOGE reflects the same order book. The token has shed 66% of its value over the last 12 months, trading at $0.085, and the ETF launched shortly after the broader crypto market peaked in late 2024, contending with a prolonged drawdown from day one.
What to watch is Oct. 14. Investors who hold $BWOW have until that session to exit on the open market. Positions remaining after the final print will be liquidated automatically, with proceeds returned by Oct. 22. Bitwise Asset Management is privately held and does not trade on a public exchange.
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Filed by the digital assets desk of MarketPR on September 11, 2026. Source: finance.yahoo.com. Indicative figures are not investment advice.