Crypto asset supervisor Bitwise is shutting down its spot Dogecoin exchange-traded fund roughly 10 months after the product launched, because the agency strikes to optimize its product vary to satisfy altering investor wants.
The fund, BWOW, at present buying and selling on NYSE Arca, is anticipated to proceed buying and selling till October 14, its closing buying and selling day.
Investor Demand Dries Up
In line with the official press launch, buyers can promote their shares on the secondary market till buying and selling closes that day, after which BWOW will stop operations. The remaining shareholders will obtain the online asset worth of their shares as of October 21 in money on October 22, and Bitwise stated buyers don’t have to take any motion throughout the course of.
The agency has additionally coordinated with NYSE to facilitate the fund’s delisting and liquidation.
Again in November 2025, Bitwise CEO Hunter Horsley had acknowledged,
“DOGE is solely a 12-year-old coin based mostly on an image of a cute canine, folks doing good, and the frequent preferrred in crypto that folks ought to have the liberty to do as they select. And, towards the percentages, it has stored its relevance – and its worth – longer than absolutely anything else in crypto.”
Bitwise’s determination comes as the marketplace for spot Dogecoin ETFs struggles to draw regular investor demand. The primary DOGE ETF launched in September 2025 and generated vital consideration on the time. However the merchandise have since seen restricted curiosity.
Information compiled by SoSoValue revealed that Dogecoin ETFs posted about $318,000 in internet inflows final month, reversing the small outflows recorded in July. September has been significantly weaker, nonetheless, with greater than $343,000 already leaving the funds. The fund noticed more cash depart than are available in. Its lifetime internet outflow stood at $1.23 million.
Contemporary Bullish Sign
The previous month has been comparatively regular for the OG meme coin. It gained almost 20% over the previous month because the broader crypto market rallied. After reaching a current excessive of $0.09, although, it slipped again to round $0.084.
Ali Martinez thinks DOGE may very well be prepared for an additional bounce. The analyst recognized a purchase sign from the TD Sequential on the asset’s four-hour chart. Martinez stated the sign has labored nicely not too long ago. The final 3 times it appeared, DOGE went on to rebound 6.96%, then 2.71%, and 11.25%.
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