Key Takeaways
- • Bitwise Investment Advisers will liquidate and close the Bitwise Dogecoin ETF (NYSE Arca: BWOW), roughly ten months after it began trading, as the sponsor "continues to optimize its product range to meet evolving investor needs."
- • The fund's last day of trading on NYSE Arca is expected to be October 14, 2026, and share creations will cease before the market opens on October 15.
- • Remaining shareholders will receive the net asset value of their shares as of October 21, 2026, in cash on October 22, 2026, and no action is required from them.
- • Per one report, the fund shrank from a $2.5 million seed to about $687,713 in assets, falling below $1 million before the liquidation decision.
- • Bitwise CEO Hunter Horsley reportedly described the outcome as "tragic," according to bloomingbit, though the full statement could not be retrieved.
Summary
Bitwise Investment Advisers, LLC, sponsor of the Bitwise Dogecoin ETF (BWOW), has decided to liquidate and close the fund. According to the sponsor's announcement distributed via PR Newswire, the decision was made as Bitwise continues to refine its product lineup to match evolving investor demand. The company has coordinated with NYSE Arca to ensure an orderly delisting. Under the published timetable, the fund will convert its Dogecoin holdings to cash on October 14, 2026, the final day of trading. Creation of new shares ceases before the market opens on October 15, and the fund will cease operations after the close of trading that day.
Shareholders who do not sell on the secondary market will receive the net asset value of their shares as of October 21, 2026, distributed in cash on October 22, 2026. Some reports describe the fund as having been launched in 2025 and trading for about ten months before closing. Bloomingbit reported that the fund had shrunk from a $2.5 million seed to $687,713 in assets, and another outlet noted that assets had fallen below $1 million before the decision. Bloomingbit also reported that Bitwise CEO Hunter Horsley called the outcome "tragic," though the surrounding context of that remark could not be verified from the available material. The closure is among the first notable shutdowns of a US spot Dogecoin ETF, and it highlights the difficulty smaller single-asset crypto products have in attracting sustained investor flows.
Shareholders who do not sell on the secondary market will receive the net asset value of their shares as of October 21, 2026, distributed in cash on October 22, 2026. Some reports describe the fund as having been launched in 2025 and trading for about ten months before closing. Bloomingbit reported that the fund had shrunk from a $2.5 million seed to $687,713 in assets, and another outlet noted that assets had fallen below $1 million before the decision. Bloomingbit also reported that Bitwise CEO Hunter Horsley called the outcome "tragic," though the surrounding context of that remark could not be verified from the available material. The closure is among the first notable shutdowns of a US spot Dogecoin ETF, and it highlights the difficulty smaller single-asset crypto products have in attracting sustained investor flows.
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