Bitwise Investment Advisers will liquidate and close the Bitwise Dogecoin ETF (BWOW), ending the fund less than a year after its November 2025 launch. The firm announced the decision on September 10, saying it was optimizing its product range for evolving investor needs; BWOW’s final expected trading day on NYSE Arca is October 14, 2026.
The closure removes one of Bitwise’s Dogecoin-focused exchange-traded products from the market. Remaining shareholders are scheduled to receive cash tied to the fund’s October 21 net asset value on or around October 22.
BWOW liquidation schedule and shareholder cash payment
Bitwise said in a Form 8-K dated September 10 that it would liquidate and close BWOW as part of product-range optimization for evolving investor needs.
Under the schedule posted on the official BWOW website, October 14 is the final expected NYSE Arca trading day. Shareholders still holding shares are due cash based on the October 21 NAV, with payment expected on or around October 22.
BWOW’s assets and trading activity after its November 2025 launch
BWOW began trading on November 25, 2025. It held approximately $687,713 in net assets as of September 9, according to the fund’s official website, leaving it with a relatively small asset base less than 12 months after launch.
The Block reported that trading interest faded after the opening session: BWOW generated about $3 million in volume at launch but did not come close to that level afterward.
The sub-$700,000 asset total and the post-launch drop in trading activity provide context for Bitwise’s decision to streamline its product lineup. The firm’s stated rationale, however, was its effort to adapt the range to evolving investor needs.
