Bitwise has officially announced plans to liquidate its Dogecoin ETF, which trades under the ticker BWOW. The exchange-traded fund, listed on NYSE Arca, will halt all operations in the near future. According to the company’s schedule, the final trading day for BWOW is expected to be October 14, 2026.
The decision ends BWOW’s lifespan less than 11 months after its launch on November 26, 2025. The fund currently holds around 8.2 million DOGE. Reports on its asset valuation show slight discrepancies across data sources; coverage from Decrypt and crypto.news cites roughly $722,000, while the fund’s official website lists $688,000. That decline is stark compared to BWOW’s past performance, having managed up to $3 million in assets at its peak.
Cash Payout Schedule for Investors
For investors who choose not to sell their shares and hold past the final trading day, their capital will be distributed in cash. Remaining shareholders are scheduled to receive their liquid distributions on October 22, 2026.
The payout amount for each investor will be calculated directly from the net asset value (NAV) of the shares recorded on October 21. Bitwise stated that the shutdown is part of ongoing efforts to optimize its investment product lineup to meet evolving investor needs over time.
High Hopes Amid the Altcoin Trend
Closing an underperforming ETF is not a first for Bitwise. However, liquidating a product before reaching its one-year anniversary stands in sharp contrast to the high expectations set at launch.
In late 2025, BWOW launched just as the market was buzzing with a wave of ETF filings for alternative assets beyond Bitcoin and Ethereum. Competitor Grayscale heated up the race by launching Dogecoin and XRP ETFs around the same period.
Early enthusiasm was voiced directly by Bitwise CEO Hunter Horsley in November of last year. He pointed to the power of DOGE’s millions-strong community, expressing confidence that they would warmly welcome an ETP product on traditional stock exchanges.
The demise of BWOW serves as a precedent for crypto ETF issuers: a massive social media following does not necessarily translate into meaningful institutional capital inflows in public markets. Reported via Decrypt.
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Also read: Under a Year Old, Bitwise Liquidates Dogecoin ETF With $688K in Remaining Assets
Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
