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Crypto asset manager Bitwise is winding down its Dogecoin exchange-traded fund less than a year after launch, ending a product that held about $722,000 in assets this month.
Bitwise made the announcement on Thursday, telling investors that it would liquidate BWOW, with October 14 expected to be its final trading day on NYSE Arca.
"On Thursday, October 22, 2026, the remaining shareholders will receive the net asset value of their shares as of October 21, 2026, distributed in cash," Bitwise wrote. "Shareholders do not need to take any action during this process."
Bitwise said the decision was part of efforts to "optimize its product range to meet evolving investor needs."