Bitwise Launches Dogecoin ETF on NYSE as Demand For Altcoin ETFs Grows
Bitwise Asset Management has unveiled the Bitwise Dogecoin ETF as investor urge for food for altcoin publicity continues to extend.
Key Takeaways:
- Bitwise is launching the Dogecoin ETF (BWOW) to fulfill rising demand for altcoin funding merchandise.
- The fund carries high threat and fewer investor protections than conventional ETFs.
- Dogecoin’s robust group and lasting market presence proceed to drive institutional curiosity.
The fund, announced Tuesday, will commerce on the New York Stock Exchange beneath the ticker BWOW starting November 26, 2025.
Bitwise CEO: Dogecoin’s Appeal Comes From Community
Bitwise CEO Hunter Horsley mentioned the corporate is responding to an actual and protracted demand inside certainly one of crypto’s most uncommon communities.
“DOGE started as a joke and have become an icon of the crypto motion,” he mentioned. “It doesn’t declare to rework capital markets or provide deep fundamentals. It’s a 12-year-old coin constructed on an image of a canine and the idea that individuals must be free to do what they need.”
Horsley added that thousands and thousands of Dogecoin holders have lengthy requested for an ETP choice, and BWOW goals to ship that entry.
The agency warned, nonetheless, that BWOW will not be appropriate for each investor.
As a non-1940 Act product, the fund doesn’t include the identical investor protections as conventional ETFs and carries the chance of high volatility and potential whole loss.
Bitwise additionally emphasised that holding BWOW will not be equal to proudly owning DOGE straight.
Despite its origins as a meme, Dogecoin has held a surprisingly sturdy place within the digital-asset rankings. It stays the seventh-largest cryptocurrency with a market cap of roughly $22 billion and sees about $1 billion in every day buying and selling quantity throughout centralized exchanges.
Created in 2013, the token has outlasted tons of of short-lived altcoin experiments and constructed one of the vital lively on-line communities in crypto.
The ETF carries a 0.34% administration price, although Bitwise is waiving the price for the primary month on the preliminary $500 million in belongings.
Bitwise, which now oversees greater than $15 billion throughout greater than 30 crypto funding merchandise, says the launch displays a broader shift in market construction as buyers diversify past Bitcoin and Ethereum.
New Altcoin ETFs Steal Spotlight as Bitcoin Funds Struggle
The turbulence in Bitcoin funds coincides with the rollout of a wave of recent altcoin ETFs.
Over the previous month, issuers have launched merchandise tied to Solana, XRP, and Dogecoin, with extra XRP and Dogecoin funds set to checklist subsequent week.
The Canary Capital XRP ETF (XRPC) debuted with $58 million in web inflows, the very best opening-day haul for any ETF this yr, edging out the Bitwise Solana Staking ETF (BSOL), which launched with $57 million.
BSOL has shortly grow to be one of many early success tales of 2025, accumulating over $660 million in belongings inside three weeks and avoiding a single day of outflows.
As reported, the New York Stock Exchange has approved the listing of Grayscale’s XRP and Dogecoin exchange-traded funds, clearing each merchandise to start buying and selling on Monday.
NYSE Arca, the trade’s ETF-focused subsidiary, filed certifications on Friday confirming the itemizing and registration of the Grayscale XRP Trust ETF Shares and the Grayscale Dogecoin Trust ETF Shares beneath the Securities Exchange Act of 1934.
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