Dogecoin ETF Closes as Bitwise Liquidates BWOW Fund

Dogecoin faces the closure of an institutional vehicle after Bitwise Asset Management announced plans to liquidate its Dogecoin ETF. In a regulatory filing with the U.S. Securities and Exchange Commission reported on 11 September 2026, Bitwise scheduled 14 October as the expected final trading session for the fund on the New York Stock Exchange.

The Bitwise Dogecoin ETF (BWOW) will stop trading before the market opens on 15 October. Investors can sell positions until that cutoff, after which holdings will be automatically sold. Bitwise plans to calculate the fund net asset value on 21 October and deposit cash proceeds into investor brokerage accounts on 22 October. Bitwise stated it chose to close the fund to optimize its product range to meet evolving investor needs.

The fund launched on 26 November 2025 to give exposure to Dogecoin without direct custody. While the product generated close to $3 million in trading volume during its first week, daily activity dropped significantly afterward. Data from SoSoValue showed that all U.S. Dogecoin exchange-traded products recorded roughly $318,000 in net inflows during August.

The ETF debuted shortly after the broader crypto market peaked in October 2025 and entered an extended downturn. Dogecoin has declined 66% over the past 12 months to trade at $0.085.