Bitwise to Liquidate Dogecoin ETF Ahead of First Year

Bitwise to Close Dogecoin ETF Less Than a Year After Launch

Bitwise, a cryptocurrency-focused investment firm, has announced the liquidation of its Dogecoin exchange-traded fund (ETF), BWOW, which will cease operations just under a year after its launch in November 2025. The fund currently manages approximately $722,000 in net assets.

The final trading day for BWOW on NYSE Arca will be October 14, 2026. Following this, shareholders will receive cash equivalent to the net asset value of their shares on October 21, 2026, with no action required from them during the liquidation process.

Bitwise stated that this decision is part of an effort to “optimize its product offerings to better align with changing investor requirements.” At the time of its closure, BWOW held around 8.2 million DOGE, valued at approximately $688,000, although Bitwise did not cite this as a reason for the fund's discontinuation.

Launched on November 26, 2025, BWOW aimed to provide investors with a convenient way to gain exposure to Dogecoin through traditional brokerage accounts without the need for direct ownership or storage of the cryptocurrency. This move came amid a broader trend of crypto fund launches, as investment firms sought to diversify beyond Bitcoin and Ethereum to include a wider range of digital assets.

Hunter Horsley, CEO of Bitwise, previously highlighted the strong demand from Dogecoin holders for an exchange-traded product, emphasizing the community's desire for investment options that facilitate exposure to cryptocurrencies in a regulated format.