Bitwise Shuts Down Its Dogecoin ETF Amid Broader Crypto Market Trends

Bitwise Asset Management has announced that it will liquidate and close its Dogecoin ETF, listed on NYSE Arca under the ticker BWOW. The decision was made through an official press release on September 10, 2026, with a firm wind-down timeline.

The closure of the Dogecoin ETF comes as a surprise to investors, with DOGE trading near $0.08406, down 2.3% in the past 24 hours. The move has been attributed to Bitwise's efforts to optimize its product lineup and match evolving investor needs.

Bitwise did not point to any single external trigger behind the decision, but analysts view it as part of a broader trend of issuers trimming lower demand products. The crypto ETF shutdown pattern seen with BWOW could repeat across other niche funds if trading volumes stay thin, experts suggest.