Bitwise to liquidate Dogecoin ETF effective next month

Bitwise Investment Advisers has announced its decision to liquidate the Bitwise Dogecoin ETF (BWOW), effective October 14. The fund will cease operations following the close of trading on that date, with shareholders able to sell their shares in the secondary market until the close of trading. Remaining shareholders will receive the net asset value of their shares on October 22, distributed in cash.

Bitwise, which manages $9 billion in client assets, determined to liquidate the fund to optimize its product range and meet evolving investor needs.

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