Bitwise Shuts Down Dogecoin ETF Due to Lack of Investor Interest

Bitwise is shutting down its Dogecoin exchange-traded fund (ETF), BWOW, less than 10 months after launching it. The fund drew so little money that keeping it listed stopped making sense.

The trading ends on October 14, and investors who hold on get paid in cash on October 22, based on the fund's value the day before. They need to do nothing.

A spot Dogecoin ETF holds real Dogecoin (DOGE), letting people own the meme coin through an ordinary brokerage account.

BWOW opened on November 25, 2025, and charged 0.34% a year, making it the cheapest of the three US spot Dogecoin funds. Being the cheapest did not help.