Bitwise Closes Dogecoin ETF BWOW After Internal Review

Bitwise's dogecoin ETF, trading under the ticker BWOW, will operate for the last time today, October 14, 2026, on the NYSE Arca. During the day, the conversion of dogecoin (DOGE) holdings to cash will take place. The issuance of new shares of the fund will cease definitively before the market opens tomorrow, October 15, 2026. Bitwise coordinated with NYSE Arca on the delisting and liquidation procedure of the vehicle, indicating that shareholders do not need to take any action. On October 22, 2026, the cash corresponding to the net asset value of the shares, calculated at the close of October 21, will be distributed. The decision was notified on September 10, 2026, based on an internal review of the product offering to align with market demand. The ETF was on the market for less than a year, following its launch in November 2025. Bitwise CEO Hunter Horsley mentioned that the closure was due to a lack of adoption and market conditions that pressured the operational viability of the ETF. Horsley highlighted that ETF users showed no interest in investing in dogecoin, although this could change over time.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.