Bitwise announced it will shut down its Dogecoin ETF, with final trading scheduled for October 14, citing weak investor demand despite the ETF launching in November 2025. The ETF held only about $725,870 in assets as of early October, contrasting sharply with Bitwise's Solana Staking ETF, which has around $1.3 billion in assets. CEO Hunter Horsley explained that traditional ETF investors differ from crypto app users, which affected demand. Bitwise plans to focus on other products, including AI-themed ETFs and its recently launched NEAR ETF, which has attracted significant investor interest.
The closure of Bitwise's Dogecoin ETF provides context for cryptocurrency market activity. For readers following crypto assets, here is Pluang's market snapshot as of Oct 09, 2026 01:32 WIB: out of 50 major cryptocurrencies priced on Pluang, 5 rose and 44 fell today. Notable price changes include ADA (Cardano) down 10.44% at Rp4.094 with a typical hold time of 126 days and a 53% sell order activity, UNI (Uniswap) down 8.35% at Rp128.251 with a 50/50 buy-sell split and a typical hold time of 65 days, and EOS (EOS.IO) up 8.13% at Rp12.649 with a typical hold time of 87 days.
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