Bitwise to Close Its Dogecoin ETF BWOW Less Than a Year After Launch
AI Market Summary
Bitwise is closing its Dogecoin-focused ETF (BWOW) less than a year after launch, citing insufficient investor demand as assets fell to roughly $722,000. The delisting and cash liquidation on NYSE Arca signals weak institutional and retail uptake for packaged DOGE exposure, potentially dampening near-term sentiment and liquidity for DOGE-related investment products, even if broader crypto market implications are limited.
Impact level
● Low
Affected assets
DOGE/USDT-1.77%
AI Insight · DOGE/USDTAI Insight
▼ Bearish
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Bitwise is winding down its Dogecoin dogecoin:native ETF, BWOW, less than a year after the fund's launch. Trading in BWOW will end on NYSE Arca on October 14, after which the fund's remaining assets will be distributed in cash.
BWOW debuted last November with $3 million in opening-day trading volume. Interest then faded, and the fund now holds about $722,000. Bitwise said the closure reflects an effort to streamline its product lineup as investor preferences evolve.
