# Bitwise to Liquidate Dogecoin ETF BWOW After Low Investor Demand

**Published:** 2026-09-11T09:03:40.372Z  
**Topic:** Dogecoin  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/ea8fbf4c-a391-4c3a-890e-56496ee0ad90

Bitwise will liquidate its Dogecoin ETF (BWOW) on October 14, 2026, after failing to gain traction. The fund holds under $1M in assets amid poor inflows.

Bitwise will liquidate and close its Dogecoin ETF (BWOW) on October 14, 2026, citing poor investor uptake and a broader effort to optimize its product lineup [1]. The move marks the end of a fund that struggled to attract capital since its November 2025 launch, with lifetime net flows totaling negative $1.23 million [2].

| At a glance | |
|---|---|
| Final Trading Date | October 14, 2026 |
| Last Reported Price | $13.76 [3] |
| Lifetime Net Flows | -$1.23 million [2] |
| Catalyst | Low investor demand and product optimization [1] |

## A fund that failed to find buyers
Despite launching with a 0.34% expense ratio—the lowest among U.S. spot Dogecoin funds—BWOW failed to capture significant market share [2]. The fund generated $3 million in volume on its first day, but interest faded rapidly as the underlying asset’s price declined [1]. By mid-2026, the fund’s net asset value per share had slid to $11.84, representing a 38.37% total return loss for the first half of the year [1].

In recent months, the fund’s assets under management contracted to less than $1 million [1]. As of last week, BWOW held approximately $721,820 in assets, accounting for roughly 6% of the $12.3 million spread across all three existing U.S. Dogecoin ETFs [2]. Bitwise confirmed that it has worked with the NYSE Arca to ensure an orderly delisting process [1].

## The competitive landscape
BWOW’s closure highlights the disparity in capital inflows between major crypto assets and meme-based products. While BWOW struggled, competitors such as Grayscale’s GDOG and 21Shares’ TDOG remain operational, having attracted $11.7 million and $1.63 million in inflows respectively over the same period [2]. 

Bitwise’s decision to shutter the fund follows a similar move in July 2026, when the firm closed several option-income strategy ETFs [1]. The firm stated that no action is required from current shareholders; those who remain in the fund will receive their shares’ net asset value in cash on October 22, 2026 [1].

## What to watch
* **Liquidation Timeline:** Trading on NYSE Arca concludes on October 14, 2026, with the creation of new shares ceasing before the market opens on October 15 [1].
* **Cash Distribution:** Investors remaining in the fund will receive cash payouts based on the net asset value as of October 21, with payments scheduled for October 22 [1].
* **Remaining Dogecoin Funds:** Monitor whether the remaining $12.3 million in total assets across the GDOG and TDOG funds remains sufficient to sustain their continued operation [2].

The closure of BWOW serves as a reminder of the thin market for niche crypto-linked ETFs, where even the lowest-cost product can struggle to maintain viability without consistent investor interest. The open question remains whether the remaining Dogecoin funds can scale their assets or if the category will face further consolidation.

## Sources
1. Crypto Briefing — [Bitwise to liquidate and close Dogecoin ETF on Oct. 14](https://cryptobriefing.com/bitwise-dogecoin-etf-shutdown/)
2. BeInCrypto — [Bitwise Dogecoin ETF Shuts Down With $722,000 Left: Will Rival Funds Follow?](https://beincrypto.com/bitwise-dogecoin-etf-liquidation-bwow/)
3. Benzinga — [Bitwise Dogecoin ETF (BWOW) Stock Price, Quote, News & History](https://www.benzinga.com/quote/BWOW)
4. Webull — [Bitwise Dogecoin ETF BWOW ETF Stock Price, Quote, History and...](https://www.webull.com/quote/nysearca-bwow)

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Cite as: TrendWatcher, "Bitwise to Liquidate Dogecoin ETF BWOW After Low Investor Demand", https://www.trendwatcher.in/article/ea8fbf4c-a391-4c3a-890e-56496ee0ad90