Bitwise is liquidating its spot Dogecoin ETF, BWOW, roughly ten months after the fund began trading on NYSE Arca in Nov 2025.
Interest never showed up. BWOW did about $3M of volume on its debut and faded from there, with assets slipping under $1 million and NAV per share dropping from $19.21 at the end of 2025 to $11.84 by mid-year, a 38% loss in the first half of 2026.
The last trading day is set for October 14, and remaining holders will receive the fund's net asset value in cash around October 22.
The closure is an early casualty of the crowded altcoin-ETF wave that opened US markets to tokens like Dogecoin, and it raises the question of whether other thinly-traded DOGE funds follow.
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