[REVISION HISTORY]
Bitwise Dogecoin ETF liquidation
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2026-09-13 15:51 UTC → 2026-10-09 10:02 UTC ·
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Bitwise has announced the liquidation of its Dogecoin exchange-traded fund (ETF), trading under the ticker BWOW. The decision follows less than a year since the fund’s launch in November 2025, driven by an effort to “optimize its product lineup to meet evolving investor needs.” Reports indicate the fund faced low demand and dwindling assets under management, with management. As of October 7, 2026, total assets peaking at reached approximately $687,713 $726,000, with monthly trading volume around $51,000. Bitwise CEO Hunter Horsley characterized the situation as a “mismatch between product format and share value declining by more audience” rather than 45% since its initial listing. The fund’s assets under management were reported a failure of the Dogecoin asset itself. He noted a structural divide between crypto-native users and traditional ETF investors using regulated brokerage accounts, observing that Dogecoin's popularity did not translate into demand for an ETF wrapper. In contrast, Bitwise’s Solana staking ETF (BBSOL) has reached approximately $1.3 billion in net assets. Horsley suggested that altcoin ETFs may require a clear utility or growth narrative to be under $1 million. attract institutional capital. The final trading session on NYSE Arca is scheduled for October 14, 2026. Shareholders who do not sell by the close of trading will receive a cash distribution based on the fund’s net asset value as of October 21, with payments expected around October 22. While the ETF faces closure, on-chain data shows significant activity from large holders, with reports suggesting large wallets accumulated 519 million DOGE since early September. Additionally, the Dogecoin ecosystem is was awaiting the DOGE-1 mission, a CubeSat scheduled for launch via a SpaceX Falcon 9 rocket on September 14.
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- 2026-10-09 10:02 UTC Bitwise Dogecoin ETF liquidation
- 2026-09-13 15:51 UTC Bitwise Dogecoin ETF liquidation
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