Bitwise said Thursday it will liquidate and shut down its spot Dogecoin exchange-traded fund, BWOW, roughly 10 months after the product debuted. The fund is expected to have its last trading day on the New York Stock Exchange on Oct. 14, after which it will be liquidated in cash. According to the company, shareholders do not need to take any action.
Bitwise said the closure is meant to help the firm refine its product lineup and respond to changing investor demand. BWOW launched in November 2025 and recorded about $3 million in trading volume on its first day, but it did not return to that level afterward. Data from SoSoValue shows the fund brought in about $318,000 in net inflows last month, reversing a small outflow in July.
Spot Dogecoin ETFs first reached the U.S. market in September 2025. While the products drew attention at launch, they failed to win broad investor interest. Total trading volume for Dogecoin funds stands at about $300 million so far, trailing other altcoin ETFs including Hyperliquid at $2.1 billion, Zcash at $1.5 billion and Chainlink at $680 million.
Bitwise said Thursday that it will liquidate and close its spot Dogecoin (DOGE) exchange-traded fund, about 10 months after the product was listed.
The Bitwise Dogecoin ETF, trading under the ticker BWOW, is expected to have its final trading day on the New York Stock Exchange on Oct. 14. The liquidation will be carried out in cash, and shareholders do not need to take any action, the company said.
Bitwise said it decided to wind down the fund as it continues to optimize its product lineup and address changing investor demand.
BWOW was listed in November 2025. It posted about $3 million in trading volume on its first day, but did not match that level again afterward.
SoSoValue data shows the fund recorded about $318,000 in net inflows last month, reversing a small outflow seen in July.
Spot Dogecoin ETFs first entered the U.S. market in September 2025. Although the products drew attention when they launched, they did not attract strong investor demand.
So far, Dogecoin funds have generated about $300 million in cumulative trading volume. Among altcoin ETFs, that figure remains well below Hyperliquid at $2.1 billion, Zcash at $1.5 billion and Chainlink at $680 million.
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