Investors have withdrawn more than $343,000 from Dogecoin ETFs in September, contributing to a lifetime net outflow of $1.23 million. Crypto asset manager Bitwise is shutting down its spot Dogecoin ETF, BWOW, roughly 10 months after launch, to optimize its product range. The fund will trade on NYSE Arca until its final day on October 14. Bitwise CEO Hunter Horsley had previously defended DOGE as a 12-year-old coin that maintained relevance. Despite a recent 20% monthly gain, the OG meme coin slipped to around $0.084. Analyst Ali Martinez identified a TD Sequential buy signal on the four-hour chart, which has preceded rebounds of up to 11.25%.
Crypto asset manager Bitwise is shutting down its spot Dogecoin exchange-traded fund roughly 10 months after the product launched, as the firm moves to optimize its product range to meet changing investor needs. The fund, BWOW, currently trading on NYSE Arca, is expected to continue trading until October 14, its final trading day.
According to the official press release, investors can sell their shares on the secondary market until trading closes that day. The remaining shareholders will receive the net asset value of their shares as of October 21 in cash on October 22.
Back in November 2025, Bitwise CEO Hunter Horsley had stated, “DOGE is simply a 12-year-old coin based on a picture of a cute dog, people doing good, and the common ideal in crypto that people should have the freedom to do as they choose.” He added that against the odds, it kept its relevance and value longer than almost anything else in crypto.
Data compiled by SoSoValue revealed that Dogecoin ETFs posted about $318,000 in net inflows last month, reversing small outflows recorded in July. September has been considerably weaker, however, with more than $343,000 already leaving the funds. The fund saw more money leave than come in, with its lifetime net outflow standing at $1.23 million.
The past month has been relatively steady for the OG meme coin, which gained nearly 20% as the broader crypto market rallied. After reaching a recent high of $0.09, it slipped back to around $0.084.
Analyst Ali Martinez thinks DOGE could be ready for another bounce, identifying a buy signal from the TD Sequential on the asset’s four-hour chart. Martinez said the signal has worked well recently, with the last three appearances leading to rebounds of 6.96%, 2.71%, and 11.25%, respectively.
