Bitwise to put down Dogecoin ETF less than a year after launch — SkimNews
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- Bitwise announced Thursday it will liquidate BWOW, saying the closure is meant to "optimize its product range to meet evolving investor needs"
- BWOW held roughly $688,000 in net assets as of Sept. 9 — less than a year after the product's Nov. 25, 2025 launch on NYSE Arca
- Trading on NYSE Arca is expected to end Oct. 14, the last session shareholders can sell shares before the fund ceases operations
- Bitwise will convert the fund's Dogecoin (DOGE) holdings to cash on Oct. 14 and stop creating new shares before the market opens Oct. 15
- Remaining shareholders will get cash based on the fund's NAV on Oct. 21, with payments expected on or around Oct. 22, processed automatically through brokers
Why it matters: Bitwise is closing a fund that never attracted meaningful capital — $688,000 roughly 10 months after launch — making BWOW one of the shortest-lived crypto ETF products. Shareholders have until Oct. 14 to sell on NYSE Arca or wait for automatic NAV-based payouts on or around Oct. 22, underscoring how thin demand remains for memecoin-focused ETF wrappers.
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