Bitwise to liquidate Dogecoin ETF following low demand

Bitwise has announced the liquidation of its Dogecoin ETF, trading on the NYSE under the ticker BWOW. The decision comes ten months after its November 2025 launch, following a period of low demand and dwindling assets under management. At the time of the announcement, the fund's assets had peaked at approximately $687,713, and the share value had declined by more than 45% since its initial listing.

The final trading day for the ETF is scheduled for October 14, 2026. Despite the ETF's closure, on-chain data indicates significant activity from large holders, with reports suggesting that large wallets have accumulated 519 million DOGE since early September.

Additionally, the Dogecoin ecosystem is anticipating the DOGE-1 mission, a CubeSat scheduled to launch on September 14 via a SpaceX Falcon 9 rocket. While such events often drive short-term interest, market analysts note that Dogecoin remains significantly below its all-time high.