Funding
Bitwise Dogecoin ETF Files Form 25 for Wind-Down
The SEC has filed a Form 25 for the Bitwise Dogecoin ETF, which trades under the ticker BWOW. The ETF, which started life with $2.5 million in seed funding, has now shut down. Assets under management fell to approximately $725,870 by October 7, 2026, with total net outflows surpassing $1.3 million since launch. The final trading day for BWOW is set for October 14, 2026, and investors are expected to receive cash distributions on or around October 22, 2026. The closure reflects a mismatch between traditional ETF investors and those interested in Dogecoin, with the fund charging an expense ratio of 0.34% on less than $1 million in assets.