Crypto
Bitwise Shuts Down Dogecoin ETF After Less Than a Year
Bitwise has announced plans to liquidate its Dogecoin ETF (BWOW) in October, marking less than a year since its launch on November 25. The company cited the need to 'optimize its product range to meet evolving investor needs' as the reason for closing the fund.
The Bitwise Dogecoin ETF had around $688,000 in net assets as of September 9, according to Bitwise's fund data.
Trading is expected to end on October 14, with cash payouts to follow around October 22. Shareholders will receive their payments automatically through their brokers or other financial intermediaries.