Bitwise Shuts Dogecoin ETF After 10 Months Amid Weak Investor Demand

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Bitwise is closing its BWOW Dogecoin ETF after just 10 months of operation, citing persistently low investor interest. The fund struggled to attract buyers throughout its short lifespan, underperforming significantly compared to rival altcoin products. Meanwhile, ETFs tracking XRP and Solana collectively drew approximately $3 billion in investments, highlighting a stark contrast in demand. The closure raises broader questions about the viability of altcoin ETFs and what distinct financial need such products serve for investors.

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