Bitwise will close and liquidate BWOW, its Dogecoin exchange-traded fund, less than a year after launch, following limited investor demand. Trading on NYSE Arca is expected to end October 14, share creation will stop before trading opens October 15, and remaining shareholders are expected to receive cash based on the fund's October 21 net asset value around October 22. BWOW held $721,815 in net assets as of September 8, after launching in November 2025 with roughly $3 million in first-day trading volume. Its net asset value had declined about 45% from inception through the end of August. The closure highlights muted institutional interest in Dogecoin despite the token's broad retail recognition. U.S. Dogecoin ETFs recorded about $318,000 in August net inflows and roughly $300 million in cumulative trading volume, well below the approximately $1.5 billion for Zcash products and $2.1 billion for Hyperliquid-linked products. Other DOGE-linked funds, including Grayscale's GDOG and 21Shares' TDOG, remain listed.