Bitwise Pulls the Plug on Dogecoin ETF Just 10 Months After Launch

Crypto asset supervisor Bitwise is shutting down its spot Dogecoin exchange-traded fund roughly 10 months after the product launched, as the agency strikes to optimize its product vary to satisfy altering investor wants.

The fund, BWOW, presently buying and selling on NYSE Arca, is anticipated to proceed buying and selling till October 14, its ultimate buying and selling day.

Investor Demand Dries Up

According to the official press launch, traders can promote their shares on the secondary market till buying and selling closes that day, after which BWOW will stop operations. The remaining shareholders will obtain the internet asset worth of their shares as of October 21 in money on October 22, and Bitwise mentioned traders don’t have to take any motion throughout the course of.

The agency has additionally coordinated with NYSE to facilitate the fund’s delisting and liquidation.

Back in November 2025, Bitwise CEO Hunter Horsley had said,

“DOGE is just a 12-year-old coin primarily based on an image of a cute canine, folks doing good, and the frequent excellent in crypto that individuals ought to have the freedom to do as they select. And, towards the odds, it has stored its relevance – and its worth – longer than absolutely anything else in crypto.”

Bitwise’s determination comes as the marketplace for spot Dogecoin ETFs struggles to draw regular investor demand. The first DOGE ETF launched in September 2025 and generated important consideration at the time. But the merchandise have since seen restricted curiosity.

Data compiled by SoSoValue revealed that Dogecoin ETFs posted about $318,000 in internet inflows final month, reversing the small outflows recorded in July. September has been significantly weaker, nevertheless, with greater than $343,000 already leaving the funds. The fund noticed extra money depart than are available. Its lifetime internet outflow stood at $1.23 million.

Fresh Bullish Signal

The previous month has been comparatively regular for the OG meme coin. It gained practically 20% over the previous month as the broader crypto market rallied. After reaching a latest high of $0.09, although, it slipped again to round $0.084.

Ali Martinez thinks DOGE may very well be prepared for one more bounce. The analyst recognized a purchase sign from the TD Sequential on the asset’s four-hour chart. Martinez mentioned the sign has labored properly not too long ago. The final 3 times it appeared, DOGE went on to rebound 6.96%, then 2.71%, and 11.25%.

The publish Bitwise Pulls the Plug on Dogecoin ETF Just 10 Months After Launch appeared first on CryptoPotato.