Bitwise Discontinues Dogecoin ETF Amid Lackluster Performance
The Bitwise Dogecoin ETF (BWOW) is being discontinued by its sponsor, Bitwise Investment Advisers. The fund's last trading day on NYSE Arca will be October 14, 2026, and shareholders who do not sell their shares by then will receive the cash equivalent on October 22, 2026.
The decision to close the fund is attributed to Bitwise's efforts to optimize its product range to meet evolving investor needs. The company has stated that it has coordinated the wind-up with the NYSE so that delisting and liquidation proceed in an orderly fashion.
The fund held assets of around $722,000 on September 8, 2026, and roughly 8.2 million DOGE. Despite being approved and tradable, the product struggled to gain traction, with cumulative net inflows since inception totaling a mere $11.77 million, and net outflows of around $670,530 over the preceding 30 days.