Bitwise plans to close Dogecoin ETF less than a year after launch

Bitwise plans to wind down its Dogecoin ETF, known by the ticker BWOW, less than a year after its launch, according to Cointelegraph. The fund held approximately $688,000 in net assets as of Sept. 9. Trading is expected to end on Oct. 14, with cash payouts to investors expected to follow around Oct. 22. The planned closure adds a scheduled change for market participants tracking exchange-traded exposure to Dogecoin (DOGE). No further details on the reason for the wind-down were provided in the supplied information. Investors monitoring BWOW should note the expected final trading date and the subsequent timing for cash distributions.