Bitwise Investment Advisers, LLC said it will liquidate and shut down the Bitwise Dogecoin ETF (BWOW), with the decision taking effect on Sept. 10, 2026. The firm said the move is part of an ongoing effort to refine its product lineup in response to changing investor demand. The fund is expected to trade for the last time on Wednesday, Oct. 14, 2026, on NYSE Arca, and shareholders may sell their holdings on the secondary market before the close that day. After trading ends, the fund will cease operations. Remaining shareholders are scheduled to receive cash on Oct. 22, 2026, based on the fund’s net asset value per share calculated on Oct. 21, 2026. Bitwise added that shareholders do not need to take any action as part of the liquidation process, and said it has coordinated with NYSE to support an orderly delisting and wind-down of the fund.

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.

DOGE traded near $0.09 after a two-day rise, even as spot DOGE ETF demand slowed sharply. Trading volume, futures open interest, and funding data improved, while the daily chart showed a double-bottom structure pointing to a possible move toward $0.147.

Dogecoin spot ETFs in the U.S. have taken in $6.67 million since launch and have gone 18 straight sessions without new inflows. DOGE trades near $0.096, while total ETF assets and trading volume remain small.