- Bitwise confirmed on Thursday it is shutting down its Bitwise Dogecoin ETF (BWOW) as part of a broader streamlining of its crypto product range.
- Trading on NYSE Arca continues until 14 October 2026, after which the fund will convert its DOGE holdings to cash and stop issuing new shares.
- Remaining shareholders need take no action, as they’ll receive an automatic cash payout based on the 21 October net asset value, distributed on 22 October.
- DOGE ETFs remain a minor corner of the market, with just US$12.09 million in cumulative net inflows and around US$300 million in total trading volume, dwarfed by Bitcoin ETFs’ US$55.6 billion in inflows and roughly US$14.5 billion in weekly volume.
In a press release, Bitwise Investment Advisers announced that it is shutting down its Bitwise Dogecoin ETF (BWOW). The company confirmed this on Thursday as part of a broader effort to streamline its lineup of crypto investment products.
Trading on NYSE Arca will continue through 14 October 2026, giving investors a window to sell their holdings on the open market. That same day, the fund will begin converting its Dogecoin holdings into cash, and no new shares will be created after the market opens on 15 October.
Once trading ends, the fund will wind down operations entirely. Investors who still hold shares won’t need to do anything – they’ll automatically receive a cash payout based on the fund’s net asset value as of 21 October, with distributions paid out on 22 October.
Bitwise says it worked with the NYSE to ensure the closure happens in an orderly fashion, minimising disruption for remaining shareholders as the fund exits the market.
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DOGE ETF Flows Dwarfed by Peers
There are currently only three true “1933 Act” DOGE ETFs (i.e. holding actual DOGE) in the US: GDOG (Grayscale), which launched in November 2025 on NYSE Arca; BWOW (Bitwise), which launched in November 2025 on NYSE Arca; and TDOG (21Shares), which launched in January 2026 on Nasdaq.
Compared with counterparts such as Bitcoin ETFs and other altcoin ETFs, fund flows have been tiny.
Data from SoSoValue shows that DOGE ETFs had a cumulative net inflow of just US$12.09 million (AU$16.68 million), with a total trading volume of approximately US$300 million (AU$418.9 million), compared with Bitcoin’s US$55.6 billion (AU$77.6 billion) in cumulative inflows and a weekly trading volume of around US$14.5 billion (AU$20.2 billion).
Dogecoin itself was trading at US$0.08316 (AU$0.11) at the time of writing. That’s a 3.4% decrease over the past day and a 5.2% decrease over the past week. DOGE is the eleventh-largest coin by market cap.
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