Bitwise Closes Dogecoin ETF, BWOW, After Just 10 Months

Bitwise Investment Advisors announced on September 10 that it will close and liquidate its Dogecoin ETF, ticker BWOW, less than a year after it launched on November 26, 2025.

The fund will stop trading before NYSE Arca opens on October 15. Investors who want to sell can do so through the close of October 14. No new shares will be created after that date.

Bitwise will convert BWOW's Dogecoin holdings to cash on October 14. The fund's net asset value will be calculated on October 21, and cash distributions will be sent to shareholders' brokerage accounts on October 22.

The company said it is closing the fund to 'optimize its product range to meet evolving investor needs.' It did not cite trading volume or assets under management as reasons.