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Dogcoin News: Bitwise will close Dogcoin ETF in less than a year

2026-09-12 03:12:59
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According to the latest Dogecoin news, Bitwise will liquidate and close its Dogecoin ETF (code: BWOW), whose last trading day in NYSE Arca is scheduled for October 14, 2026. Shareholders will receive the net asset value of the fund in cash on October 22, 2026, after which the fund will officially cease operations.

Currently, dogcoin remains active in the market, with a trading price close to US$0.084. Recent developments include integration with the Solana ecosystem and technical resistance to prices around $0.10.

Bitwise announces closure of Dogecoin ETF

Bitwise Investment Advisers announced on September 10, 2026 that it will liquidate and close the Bitwise Dogecoin ETF (NYSE: BWOW) in October 2026. The San Francisco-based fund manager said the move was part of its efforts to "optimize its product range to meet the changing needs of investors."

The exit process for BWOW will be gradual. The ETF will be last traded on NYSE Arca on Wednesday, October 14, 2026. After that, the DOGE holdings will be converted into cash and the fund will cease to operate. The remaining shareholders do not need to take any action and will receive the net asset value of the fund in cash on October 22, 2026.

ETF Clearing Schedule

Bitwise announced a detailed timetable in its September 10 press release. The last trading day for BWOW is October 14, after which the fund will gradually close down. The creation of new shares will stop before the market opens on October 15. Subsequently, shareholders will receive a cash payment of the fund's net asset value on October 22.

Bitwise will allocate cash to holders based on the fund's net asset value as of October 21, 2026. Bitwise pointed out that the company has coordinated with NYSE Arca to ensure an orderly downline and clearing process. The company described the shutdown as a move to "optimize its product range" to serve investors.

Analysis of Dogecoin Price Trend

In related Dogecoin news, as of September 10, DOGE's trading price was approximately US$0.084, which has increased by approximately 1.6% in the past 24 hours. Despite moderate gains, prices remained near the support level of $0.088.

DOGE/USDT Price Chart| Source: TradingView

An analyst believes that a "cup handle shape" is taking shape, with $0.10 becoming the next key resistance level. However, this pattern has not yet been confirmed. Another analyst pointed to another short-term rebound trend, with a high that could reach around $0.095.

Due to recent technical signals, the price of dogcoin has also entered traders 'vision. On September 4, DOGE traded at approximately $0.0878 after breaking through the short-term bullish flag pattern.

Analysts at The CoinRepublic noted the breakthrough and cited the pattern as pointing out that $0.12 could be the next potential target price. They also pointed out that if Dogecoin reaches US$1, a much-discussed level, it means its market value will jump 10 times from current levels.

Wider expansion of the dogcoin market

According to The CoinRepublic, Sunrise has introduced DOGE to the Solana ecosystem. This integration will allow Dogecoin users to seamlessly access Solana-based applications and transaction pools without the need to use cumbersome and complex bridging tools.

Early activities were also eye-catching. In the first 24 hours, DOGE transactions on Solana exceeded $19 million.

This dogcoin news story highlights structural changes: Bitwise is scaling back its business. At the same time, technical analysts and on-chain developments indicate that Dogecoin remains bullish and traders are focusing on the upside towards the US$0.10 - 0.12 range.

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