Bitwise to liquidate Dogecoin ETF BWOW in October

Bitwise has announced the liquidation of its Dogecoin exchange-traded fund (ETF), known by the ticker BWOW, less than a year after its launch. The asset manager stated the decision is part of an effort to “optimize its product lineup to meet evolving investor needs.”

The fund is expected to have its final trading session on NYSE Arca on October 14, 2026. Share creation will cease before the market opens on October 15. Shareholders who do not sell their positions on the secondary market by the close of trading on October 14 will receive a cash distribution based on the fund’s net asset value (NAV) as of October 21. These payments are expected to be processed around October 22.

The closure follows a period of relatively low interest compared to other cryptocurrency ETFs. While the broader Dogecoin market maintains a significant capitalization, the BWOW fund saw limited capital inflows and held relatively small assets under management, reported to be under $1 million. This move highlights the challenges of maintaining sustained institutional demand for memecoin-linked financial products.