Bitwise to liquidate Dogecoin ETF BWOW in October

Bitwise Investment Advisers announced on September 10, 2026 that it will close and liquidate the Bitwise Dogecoin ETF, which trades on NYSE Arca under the ticker BWOW. The fund's last trading day is expected to be October 14, roughly ten months after it launched on November 26, 2025. According to the company's filing with the U.S. Securities and Exchange Commission, trading will stop before the market opens on October 15, when the creation of new shares will also end. Bitwise said it chose to close the fund as it works to optimize its product range to meet evolving investor needs. The company did not identify weak demand, trading volume, assets under management or fund expenses as the specific reason for the closure. The fund's operating history, however, shows it struggled to build scale. By September 10, BWOW held approximately $687,730 in net assets with cumulative net flows of negative $1.23 million, according to SoSoValue data. Only $5,920 worth of shares, equal to 429 shares, changed hands on September 10. The fund's second-quarter filing with the SEC showed its net assets fell approximately 59 percent during the first half of 2026, from $1.