Overview
- Bitwise announced on September 10, 2026 that it will liquidate the Bitwise Dogecoin ETF with the last day of trading set for October 14, the fund converting its DOGE to cash and distributing proceeds on October 22.
- Market data cited by multiple outlets show BWOW held roughly $687,000–$722,000 in net assets and recorded cumulative net outflows of about $1.23 million, leaving the fund too small to sustain regular trading.
- Shareholders may sell BWOW on the secondary market through the close of trading on October 14 or hold through liquidation and receive cash based on the fund’s October 21 net asset value with distributions delivered automatically to brokerage accounts.
- The announcement had a modest market effect with DOGE falling about 2.6% in early trading and the closure is unlikely to move markets much because BWOW was tiny compared with rival spot DOGE ETFs such as Grayscale’s GDOG and 21Shares’ TDOG which remain listed.
- Bitwise framed the move as part of broader product pruning rather than a retreat from crypto, noting the firm manages roughly $9 billion across more than 70 products and that sponsors with larger or earlier positions captured most Dogecoin ETF capital.