Bitwise Closes Doors on DOGE ETF Amid Weak Demand

Bitwise, one of three institutions offering investors access to Dogecoin ETFs, has announced it will shut down its DOGE ETF (BWOW) after just ten months of trading.

The decision comes amidst weak demand for the ETF, which has only seen one day of inflows since launching in November 2025. The asset manager cited a strategy to optimize its product offerings as the reason behind the closure, but did not provide further details.

Dogecoin's price is down 1.93% to trade at $0.083 following the announcement, mirroring the broader crypto market's decline after US PPI rose to 5.4%. The Fed's potential interest rate hike has contributed to increased selling pressure and long liquidations in Dogecoin.

The Bitwise DOGE ETF will be liquidated on October 14, with investors having until then to trade the fund. After this date, the firm will distribute cash to investors on October 22. The closure of the ETF has led to a drop in open interest from $1.41 billion to $1.26 billion, according to CoinGlass data.