Bitwise to put down Dogecoin ETF less than a year after launch

Bearish-32.31%

11 Sep, 07:47

Source: Cointelegraph

AI Summary

Bitwise is closing its Dogecoin ETF (BWOW) less than a year after launch due to low assets, signaling weak institutional demand for DOGE investment products.

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.