Bitwise announced the liquidation of its Dogecoin ETF BWOW, with the last trading session scheduled for October 14 and a cash distribution to holders around October 22. The fund, launched on November 26, 2025 on NYSE Arca, held only approximately $684,000 in net assets as of October 7, a modest size that provides context for the decision without being its official stated reason. Bitwise described DOGE as a memecoin with no intrinsic value and an unlimited supply, while specifying that its overall client asset management of $9 billion still includes Bitcoin and Solana ETFs. Holders who have not sold their shares by October 14 will be automatically reimbursed in cash without any action required.
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