Exchanges· ★★· neutral·

Bitwise winds down Dogecoin fund BWOW, pays out cash on 22 October

  • —BWOW's last trading day was 14 October; cash payout is due 22 October
  • —Remaining funds GDOG and DOJE hold $11.41 million and $11.12 million
  • —All funds together hold roughly 280 million DOGE, about 1 coin in 500
  • —DOGE's $612 million daily turnover is 27 times total fund assets
Why it matters: The wind-down shows the regulated Dogecoin fund market remains niche and has little bearing on the coin's price.
#DOGE
Source: CryptoTicker
More on this
Exchanges · Oct 9
Bitwise to shut down its Dogecoin ETF BWOW less than a year after launch
 Markets · Sep 28
Dogecoin: Proposal to Cut Issuance by 90% and Bitwise to Close BWOW ETF
 Regulation · Oct 14
SEC files Form 25 for Bitwise Dogecoin ETF as wind-down nears its end