SEC files Form 25 for Bitwise Dogecoin ETF as wind-down nears its end
- —BWOW assets fell to $725,870 by October 7, 2026, from $2.5 million at launch
- —September 2026 trading volume was just $51,480
- —Final trading day is October 14, with distributions around October 22
- —The fund held about 8.2 million DOGE worth under $700,000 at wind-down
Why it matters: The failure of the first spot Dogecoin ETF shows that meme-coin audiences do not overlap with ETF buyers, raising doubts about the economics of small single-asset crypto funds.
Source: Crypto Briefing