Bitwise Investment Advisers: Bitwise Moves to Wind Down Dogecoin ETF BWOW After Ten-Month Run

Bitwise has ended the run for its Dogecoin ETF after a ten-month stretch on the exchange.

The announcement on September 10 makes clear that the product will stop trading on NYSE Arca on October 14, with new share creation already halted ahead of the October 15 open. Holders who keep their shares past the final session will receive cash equal to the October 21 net asset value, paid out around October 22, without any further steps required from investors.

Ten-Month Chart

BWOW began trading on November 26, 2025. The fund therefore logged a full ten-month presence on the board before the sponsor moved to optimize its lineup. That duration stands as the measurable streak for this particular Dogecoin product before liquidation began.

Market prices for the underlying asset sat near 0.08711 on CoinGecko readings dated September 14. Spot majors showed BTC at roughly 77,664, ETH near 2,503, SOL at 100.94 and XRP at 1.39 on the same snapshot. Those levels reflect the environment in which the ETF completed its final weeks of trading.

Liquidation Path

The September 10 filing states the decision rests on product-range optimization rather than any market event. Trading remains open through the close on October 14. After that point the fund converts remaining DOGE holdings to cash and distributes proceeds to shareholders who have not sold earlier.

Net assets stood near 688,000 as of early September reports. The modest size did not alter the announced schedule, which follows the same calendar steps regardless of AUM level at the time of the filing.

Market Context

DOGE price action during the ETF’s life moved in line with broader altcoin ranges. The chart showed no extended rip higher that would have changed the fund’s trajectory once the sponsor chose to close the vehicle. The ten-month run therefore ends on the stated date without additional variables from price candles.

Holders can continue to trade shares in the secondary market until the October 14 close. After that date the process shifts to automatic cash settlement based on the October 21 valuation.

Remaining Calendar

October 14 remains the hard stop for exchange trading. The eight-day gap to the October 22 distribution gives the fund time to convert holdings and calculate the final NAV. No other DOGE-linked products are covered in the filing, leaving the focus on this single vehicle’s wind-down.

The sequence keeps the timeline clean: announcement, final trade day, NAV date, cash payout. That order reflects the standard path for an ETF entering liquidation after its measured period on the exchange.