Bitwise announced it will wind down its Dogecoin fund BWOW, paying out remaining shareholders in cash on October 22, 2026. The fund stopped trading on October 14, reflecting the small size of regulated Dogecoin funds in the US, which manage only about $22.5 million combined—just 0.18% of Dogecoin's market cap. The closure highlights the challenges of maintaining niche crypto ETFs due to fixed operational costs and limited inflows. Despite this, Dogecoin remains popular with retail investors, though institutional demand for fund wrappers is low. German investors are unaffected as these US funds are not available in the EU due to regulatory restrictions. The Dogecoin price remains stable around $0.08, unaffected by the fund's closure. Investors should note tax differences between direct coin holdings and securities tracking Dogecoin.
Regarding Dogecoin and the Bitwise BWOW fund payout on October 22, 2026, here is Pluang's market snapshot as of Oct 17, 2026 19:21 WIB: Among 50 major cryptocurrencies priced on Pluang, 5 rose and 44 fell today. Notable price changes include BAL (Balancer) at Rp16.297 with an 11.14% increase, EOS (EOS.IO) at Rp12.649 up 8.13%, and ALGO (Algorand) at Rp2.013 down 5.89%.
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