Overview
- Bitwise announced on Sept. 10 that it will liquidate the Bitwise Dogecoin ETF (BWOW) and coordinate an orderly delisting with the NYSE.
- Shareholders can sell BWOW on the secondary market through the close of trading on Oct. 14 and remaining holders will receive a cash distribution based on Oct. 21 net asset value on Oct. 22.
- The fund never regained launch interest after debuting on Nov. 26, 2025 and saw its NAV fall from $19.21 at end-2025 to $11.84 by mid-2026 while assets under management slid below $1 million.
- Investors do not need to submit redemption requests to receive cash and should consult tax advisers because the forced liquidation will likely create taxable events and lock in realized losses for many holders.
- BWOW’s shutdown sits inside a wider product realignment at Bitwise, which has closed other underperforming ETFs, and comes as other Dogecoin ETPs remain available in a small and volatile market for the memecoin.