Bitwise Will Close Dogecoin ETF on October 14

The firm plans to shutter its BWOW fund following a period of insufficient investor interest.

Updated on Oct. 8, 2026 in Investing

Bitwise Will Close Dogecoin ETF on October 14

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Bitwise will terminate trading for its Dogecoin ETF on October 14, 2026. The fund, which launched in late November 2025, failed to attract enough investor demand to remain viable.

Why it matters

The closure highlights the volatility of niche crypto-linked investment products that struggle to gain sustained market traction. Declining assets and net outflows led to the decision to liquidate the fund.

The fund held $725,870 in assets as of October 7, 2026, and recorded only $51,480 in trading volume during the month of September.

The players

Bitwise

Bitwise is an investment firm that specializes in the management of cryptocurrency-indexed funds and exchange-traded products.

NYSE Arca

NYSE Arca is a major electronic securities exchange that serves as a primary venue for listing exchange-traded funds.

The details

Bitwise confirmed that remaining shareholders will receive cash distributions around October 22, 2026. This move follows a challenging period where the fund saw cumulative net outflows of $1.38 million through September 25, 2026.

Late November 2025: The BWOW Dogecoin ETF began trading on NYSE Arca.
September 2026: The ETF recorded approximately $51,480 in trading volume.
September 25, 2026: Cumulative net outflows reached $1.38 million.
October 7, 2026: The fund held $725,870 in assets.
October 14, 2026: Final scheduled trading date for the BWOW ETF.

Market Dynamics

This closure follows a pattern set by the ongoing consolidation of niche cryptocurrency ETFs as firms reallocate resources to more popular assets.

Shareholders should prepare for the automatic liquidation of their positions following the final trading day. The firm will facilitate cash distributions to all remaining investors shortly after the closure.

The takeaway

Investors should periodically review the liquidity and trading volume of niche thematic ETFs to avoid unexpected fund liquidations. Diversifying holdings across more established products can help protect against the risks inherent in smaller, less popular investment vehicles.