Bitwise to Liquidate Dogecoin ETF Less Than a Year After Launch
Key Takeaways
- •BWOW is expected to have its final NYSE Arca trading session on Oct. 14.
- •Bitwise plans to convert the ETF’s Dogecoin holdings to cash on Oct. 14 and stop issuing new shares before trading begins Oct. 15.
- •Shareholders who remain invested will have their holdings valued on Oct. 21 and are expected to receive cash around Oct. 22.
- •Redemptions will be processed automatically through shareholders’ brokers or other financial intermediaries.
- •The fund held roughly $688,000 in net assets as of Sept. 9.
Bitwise plans to liquidate its Dogecoin exchange-traded fund (ETF) in October, less than a year after launching the product.
The asset manager said Thursday that it would close the Bitwise Dogecoin ETF (BWOW) to “optimize its product range to meet evolving investor needs.” BWOW held about $688,000 in net assets as of Sept. 9, according to Bitwise’s fund data.
Bitwise announced the fund’s launch on Nov. 25, 2025. Its last day of trading on NYSE Arca is expected to be Oct. 14. Shareholders will be able to sell their shares through that session, after which the fund will cease operations.
Bitwise plans to convert the fund’s Dogecoin (DOGE) holdings to cash on Oct. 14 and stop creating new shares before the market opens on Oct. 15, according to the closure announcement.
Remaining shareholders will receive cash based on the net asset value of their shares on Oct. 21. Payments are expected on or around Oct. 22. The redemptions will occur automatically through shareholders’ brokers or other financial intermediaries, according to the closure notice. The key dates for holders are therefore the final trading session on Oct. 14, the Oct. 21 valuation date and the expected payment date around Oct. 22.
The liquidation will end BWOW’s operations less than a year after the fund began trading. Bitwise’s announcement did not provide additional details about the fund’s assets or the company’s broader product lineup.
