Bitwise Shuts Down Spot Dogecoin ETF Amid Struggling Investor Demand

Bitwise Asset Management has announced it is shutting down its spot Dogecoin ETF (BWOW) roughly 10 months after its launch. The fund will continue trading until October 14, its final day of operation.

The decision comes as the market for spot Dogecoin ETFs struggles to attract steady investor demand. According to data compiled by SoSoValue, Dogecoin ETFs posted a net outflow of $1.23 million since their launch in September 2025.

Investors can sell their shares on the secondary market until October 14, after which BWOW will cease operations. Remaining shareholders will receive the net asset value of their shares as of October 21 in cash on October 22, and Bitwise said investors do not need to take any action during the process.