Bitwise To Shut Dogecoin ETF BWOW Less Than 10 Months After Launch

Bitwise will liquidate its Dogecoin exchange-traded fund BWOW, less than 10 months after launch, after the fund drew too little money to justify staying listed. Trading ends on October 14, and holders will receive cash on October 22 based on the fund’s value the day before, according to BeInCrypto, with no action required from investors. BWOW closed last week with $721,820 in assets and lifetime net outflows of $1.23 million. Bitwise said it is trimming its range to meet evolving investor needs, while Grayscale’s GDOG and 21Shares’ TDOG remain listed.