Bitwise Axes Dogecoin ETF Amid Product Lineup Shake-Up

Bitwise has announced that it will be liquidating its Dogecoin ETF ($BWOW), just under a year after its launch. Trading in the fund will cease on October 14, with remaining shareholders to receive cashouts the following week.

The decision marks the tenth ETF liquidation this year for Bitwise, with assets under management down around 40% from launch to $9 billion.

Bitwise cited efforts to optimize its product lineup as the reason for the shutdown.