Bitwise to close Dogecoin ETF BWOW amid weak demand

Bitwise will close its Dogecoin ETF (BWOW) in October 2026 due to weak demand. Investors will receive cash payouts. The move highlights the challenges for single-token crypto ETFs.

Bitwise is set to close its Dogecoin ETF (BWOW) less than a year after launch, citing insufficient investor demand and unsustainable trading activity. The final trading day will be October 14, 2026, on the NYSE. Shareholders will receive cash based on the fund’s net asset value as of October 21, with payouts distributed on October 22. Since inception, the ETF attracted only about $722,000 in assets and declined roughly 45%, despite an initially strong start. Bitwise explained that the closure is part of optimizing its product lineup to better serve investor needs. This move underscores that regulatory approval and easy brokerage access do not guarantee demand for single-token crypto funds. Other Dogecoin ETFs have also struggled to attract significant inflows, with trading volumes lagging behind those of altcoin-linked products. The decision highlights the challenges altcoin ETFs face in maintaining investor interest compared to broader crypto offerings.