Bitwise announces it is shutting down its Dogecoin ETF, the BWOW fund, less than a year after it begins trading. Cointelegraph and The Block both report that the ETF is being wound down, with trading expected to end in mid-October and cash payouts to follow later.
The outlets cite the fund’s limited scale and performance since launch. The Block says BWOW generated about $3 million in trading volume when it launched in November 2025 and then failed to reach comparable activity afterward. Cointelegraph adds that BWOW holds relatively small net assets—about $688,000 as of Sept. 9—suggesting limited investor participation.
While the reports focus on the same decision and timeframe, they emphasize different aspects of the fund’s results: The Block highlights low trading volume over time, while Cointelegraph emphasizes the fund’s current net asset level and the planned wind-down schedule.
