Bitwise to Liquidate Dogecoin ETF Less Than a Year After Launch
Bitwise to Shut Down Dogecoin ETF in October
Bitwise, a crypto asset manager, plans to liquidate its Dogecoin exchange-traded fund (ETF) called BWOW. This fund, which trades on stock exchanges like a stock, will cease operations less than a year after its launch. The company announced the decision on Thursday, stating it aims to optimize its product range.
Key Figures and Dates
- The ETF held about $688,000 in net assets as of September 9, 2026.
- It was launched on November 25, 2025.
- Last day of trading on NYSE Arca is expected to be October 14, 2026.
- Cash payouts to shareholders will occur around October 22, 2026.
Official Reason from Bitwise
According to Bitwise's announcement, the closure is intended to "optimize its product range to meet evolving investor needs." The fund will convert its Dogecoin holdings to cash and stop creating new shares before the market opens on October 15.
Upcoming Timeline for Shareholders
Shareholders can sell their shares through the trading session on October 14. After that date, the fund will stop operating. Remaining shareholders will receive cash based on the net asset value of their shares on October 21, with payments expected on or around October 22. Redemptions will happen automatically through brokers or financial intermediaries.
Implications for Investors
The liquidation indicates that Bitwise is adjusting its offerings based on market conditions. For investors, this means they need to be aware that trading will end soon, and they will either sell shares by October 14 or receive cash automatically later.
