Bitwise Shuts Down Dogecoin ETF Amid Declining Investment Value

Bitwise has announced that it will close its Dogecoin ETF less than a year after its launch. The expected final trading day on NYSE Arca is October 14, with remaining shareholders set to receive cash on October 22 under the company's liquidation schedule.

The firm cited adjusting its product range to meet changing investor needs as the reason for closing the fund. When the Dogecoin ETF was launched in November 2025, it offered exposure to DOGE via brokerage accounts without requiring investors to hold crypto wallets, charging a 0.34% management fee with no fees waived after the first month on the first $500 million of assets under management.

According to Bitwise's website, the net asset value (NAV) dropped 45.37% since inception as of August 30, while market performance was down 45.92%. The fund held approximately 8.2 million DOGE coins and had net assets of $687,713 as of September 9.