Bitwise Pulls the Plug on Dogecoin ETF Just 10 Months After Launch

Crypto asset manager Bitwise is shutting down its spot Dogecoin exchange-traded fund roughly 10 months after the product launched, as the firm moves to optimize its product range to meet changing investor needs.

The fund, BWOW, currently trading on NYSE Arca, is expected to continue trading until October 14, its final trading day.

Investor Demand Dries Up According to the official press release, investors can sell their shares on the secondary market until trading closes that day, after which BWOW will cease operations.

The remaining shareholders will receive the net asset value of their shares as of October 21 in cash on October 22, and Bitwise said investors do not need to take any action during the process.