Bitwise Dogecoin ETF BWOW to Close on October 14 After Low Demand
Bitwise's spot Dogecoin ETF BWOW will cease trading October 14 after gathering roughly $726,000 in assets since its November 2025 launch, with CEO Hunter Horsley calling the outcome tragic.
Why it matters
The closure underscores weak institutional appetite for meme-coin ETFs despite retail popularity, and may influence future filings for similar products. Bitwise continues expanding into other crypto and AI-themed ETFs, including a NEAR fund and two AI-focused applications.
Key facts
Bitwise Dogecoin ETF BWOW will cease trading on October 14
Reported by Crypto News (CryptoNews.net)
BWOW launched in November 2025
Reported by Crypto News (CryptoNews.net)
BWOW held approximately $726,000 in assets as of October 7
726,000 USDDisputed figureReported by Crypto News (CryptoNews.net)
BWOW recorded September trading volume of $51,480
51,480 USDReported by Crypto News (CryptoNews.net)
BWOW has not seen any inflows since August 24
Reported by CoinGape
BWOW has only seen one day of inflows since its November 2025 launch
Reported by CoinGape
Bitwise CEO Hunter Horsley called the ETF closure tragic
Reported by Crypto News (CryptoNews.net)
Bitwise Solana staking ETF has attracted about $1.3 billion in net assets
1,300,000,000 USDReported by Crypto News (CryptoNews.net)
What happened
Bitwise Asset Management will shut down its spot Dogecoin ETF, traded on NYSE under ticker BWOW, on October 14 after less than one year of operation. The fund launched in November 2025 and held approximately $726,000 in assets as of October 7 with September trading volume of only $51,480, according to SoSoValue data cited by multiple outlets. CEO Hunter Horsley described the closure as tragic and said it revealed a stark divide between traditional ETF investors and cryptocurrency exchange users, noting that ETF users simply did not want to put money into Dogecoin. The BWOW fund recorded only one day of inflows since launch and none since August 24. By contrast, Bitwise's Solana staking ETF has attracted about $1.3 billion in net assets, which Horsley attributed to staking yield and Solana's use in tokenization and stablecoins.
How the story developed
- First report
First report by Crypto News (CryptoNews.net)
Bitwise Dogecoin ETF to Shut Down After Failing to Attract Enough Demand
- Update
Bitwise Dogecoin ETF BWOW launches
Fund begins trading on NYSE under ticker BWOW
- Update
Crypto News reports BWOW assets at $726,000
First report on low asset levels and impending closure
- Resolution
BWOW ceases trading
Fund scheduled to close for trading
- Independent corroboration
Independently corroborated by CoinGape
Dogecoin Price Forecast as Bitwise CEO Calls DOGE ETF Failure ‘Tragic’ Ahead of October 14 Closure
- Update
Last inflow recorded for BWOW
SoSoValue data shows no inflows after August 24
- Official statement
CoinGape reports CEO comments and $692,000 figure
Hunter Horsley calls closure tragic, cites disparity between ETF and exchange users
How coverage built up
Independent sources over time, counted the way the consensus panel counts them: a republication of a wire story does not move the line.
- 8 Oct 2026, 18:35 UTC: Crypto News (CryptoNews.net) — 1 independent source, 1 reports
- 9 Oct 2026, 09:00 UTC: Crypto News (CryptoNews.net) — 2 independent sources, 2 reports
- 10 Oct 2026, 11:29 UTC: CoinGape — 3 independent sources, 3 reports
Affected entities
Also mentioned: Bitcoin
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Crypto News (CryptoNews.net) Aggregator | Bitwise Dogecoin ETF to Shut Down After Failing to Attract Enough Demand | Original | |
| CoinGape Crypto media | Dogecoin Price Forecast as Bitwise CEO Calls DOGE ETF Failure ‘Tragic’ Ahead of October 14 Closure | Independent | |
| Crypto News (CryptoNews.net) Aggregator | Dogecoin ETF: Huge Disappointment: Why Did Millions of DOGE Investors Fail to Show Interest? Here Are the Details | Syndicated |
Related events
Fifteen institutions kept crypto through a 50% drawdown, Bitwise survey finds
Bitwise interviewed 15 institutional allocators: none cut crypto through a 50% drawdown from October 2025 to April 2026, several bought more, and most allocations were 1% to 2% of assets.
Bitwise launches first US spot NEAR ETF on NYSE Arca under NRR with staking
Bitwise's spot NEAR ETF began trading on NYSE Arca on Sept. 29 as NRR, holding NEAR directly and staking it; assets grew from about $36 million to $52.8 million in two sessions.
DOGE Price Hits Its First Real Test as Dogecoin Labs Launches
Dogecoin reclaims $0.10 as derivatives open interest climbs and whales open longs
Dogecoin traded above $0.10 as derivatives open interest reached $1.34 billion, whale accounts opened long positions, and spot ETF inflows neared $1 million.
U.S. spot Dogecoin ETFs post record $2.89 million weekly inflow as Bitwise liquidates BWOW
U.S. spot Dogecoin ETFs drew a record $2.89 million in the week ended September 25, while Bitwise liquidates BWOW and Grayscale's GDOG holds 81% of DOGE ETF assets.
