Bitwise to Liquidate Dogecoin ETF Less Than a Year After Launch
- Bitwise plans to liquidate its Dogecoin ETF (BWOW) in October.
- The fund had approximately $688,000 in net assets as of September 9.
- Conversion of the fund’s Dogecoin (DOGE) holdings to cash is scheduled for October 14.
- New shares will cease creation before market opening on October 15.
- Shareholders will receive cash payments based on net asset value on October 21, with expected payments around October 22.
The decision to close the ETF aims to optimize Bitwise’s product offerings according to investor needs, reflecting a strategic shift within the firm.
With only $688,000 in assets and a launch date of November last year, the Dogecoin ETF is set for liquidation after a brief existence. Source
