Bitwise to put down Dogecoin ETF less than a year after launch
BWOW held about $688,000 in net assets as of Sept. 9. Trading is expected to end Oct. 14, with cash payouts to follow around Oct. 22.
Bitwise announced on Thursday that it will be closing its Dogecoin ETF, Bitwise Dogecoin ETF (BWOW), less than a year after its launch. The ETF is set to come to an end on Oct. 14, with shareholders able to sell their shares during that session. Following the closure, the fund will cease operations, and the remaining shareholders will receive cash payouts on or around Oct.
22. As of Sept. 9, the ETF held approximately $688,000 in net assets. Bitwise decided to close the fund with the aim of optimizing its product range to better serve evolving investor needs.
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