Bitwise to Shut Down Dogecoin ETF Following Weak Investor Demand

Key Facts

In a move reflecting cooling enthusiasm for high-risk investment products, Bitwise has announced the closure of its Dogecoin ETF, trading under the ticker BWOW. This decision comes only ten months after the fund's launch, with the firm citing weak investor demand and insufficient capital inflows as the primary reasons for the shutdown. According to reports, investors have until October 14 to trade the fund before it is liquidated and cash is distributed on October 22, 2026.

The liquidation occurs amid a challenging market environment for speculative digital assets, as Dogecoin ETFs in the US—including those managed by Grayscale and 21Shares—have struggled to attract positive inflows since early September. Per market data, the BWOW fund managed to accumulate only $687,000 in net assets since its inception, recording a meager trading volume of $5,920 on September 10, highlighting a significant lack of institutional interest.

Technically, Dogecoin price is testing critical support levels near $0.083, though authoritative price data for September 11, 2026, remains unavailable. Looking ahead, traders are monitoring the fallout from recent US employment data, which showed the unemployment rate holding steady at 4.1%, as macroeconomic trends continue to dictate risk appetite across the broader cryptocurrency sector.