Bitwise is shutting down its Dogecoin ETF (BWOW) in October 2026, citing evolving investor needs. The fund held just $688K in net assets as of Sept. 9.
Bitwise Asset Management is pulling the plug on its Dogecoin (DOGE) exchange-traded fund just months after bringing it to market. The company said it would liquidate the Bitwise Dogecoin ETF, ticker BWOW, in October, pointing to a need to align its product lineup with what investors currently want.
BWOW made its debut on Nov. 25, 2025, making its run on the market less than a year long. By Sept. 9, the fund's net assets stood at roughly $688,000, according to data from Bitwise.
Trading Timeline and Final Date
NYSE Arca has set Oct. 14 as the fund's last trading day. Investors who want to exit their positions through a market sale have until the close of that session to do so. Starting Oct. 15, Bitwise will stop issuing new shares before the market opens.
On Oct. 14, the company will also begin converting the fund's DOGE holdings into cash. That process sets the stage for final payouts to investors who remain in the fund after trading ends.
Related Article: Bitwise Launches Self-Custody Stock Portfolios Using Coinbase Tokenized Shares
Cash Payouts and Shareholder Process
The net asset value used to calculate those payments will be based on Oct. 21 figures, with cash distributions expected on or around Oct. 22. Shareholders do not need to take any action, as redemptions will be handled automatically through their brokers or financial intermediaries, per the fund's closure notice.
BWOW's shutdown reflects the limited demand the product attracted since launch. Its sub-$1 million asset base at closing puts it among the smaller ETF closures in the current wave of spot cryptocurrency fund launches in the US.
This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
