Bitwise to shut down its Dogecoin ETF BWOW less than a year after launch
- —Final BWOW trading session is October 14; NAV date is October 21, payouts around October 22
- —Net assets stood at roughly $684,000 as of October 7
- —Bitwise manages $9 billion and keeps its Bitcoin and Solana ETFs
- —The fund's risk disclosure calls DOGE a memecoin with no intrinsic value and unlimited supply
Why it matters: The Dogecoin ETF's failure shows SEC approval does not guarantee demand, leaving memecoin-linked institutional products a niche.
Source: Journal du Coin
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