Bitwise Asset Administration has unveiled the Bitwise Dogecoin ETF as investor urge for food for altcoin publicity continues to extend.

Key Takeaways:

• Bitwise is launching the Dogecoin ETF (BWOW) to satisfy rising demand for altcoin funding merchandise.
• The fund carries excessive danger and fewer investor protections than conventional ETFs.
• Dogecoin’s sturdy group and lasting market presence proceed to drive institutional curiosity.

The fund, introduced Tuesday, will commerce on the New York Inventory Change below the ticker BWOW starting November 26, 2025.

Bitwise CEO: Dogecoin’s Attraction Comes From Group

Bitwise CEO Hunter Horsley mentioned the corporate is responding to an actual and protracted demand inside one in every of crypto’s most uncommon communities.

“DOGE started as a joke and have become an icon of the crypto motion,” he mentioned. “It doesn’t declare to rework capital markets or provide deep fundamentals. It’s a 12-year-old coin constructed on an image of a canine and the assumption that individuals ought to be free to do what they need.”

Horsley added that tens of millions of Dogecoin holders have lengthy requested for an ETP possibility, and BWOW goals to ship that entry.

The agency warned, nonetheless, that BWOW isn’t appropriate for each investor.

As a non-1940 Act product, the fund doesn’t include the identical investor protections as conventional ETFs and carries the danger of excessive volatility and potential complete loss.

Bitwise additionally emphasised that holding BWOW isn’t equal to proudly owning DOGE instantly.

Regardless of its origins as a meme, Dogecoin has held a surprisingly sturdy place within the digital-asset rankings. It stays the seventh-largest cryptocurrency with a market cap of roughly $22 billion and sees about $1 billion in day by day buying and selling quantity throughout centralized exchanges.

Created in 2013, the token has outlasted lots of of short-lived altcoin experiments and constructed one of the vital lively on-line communities in crypto.

The ETF carries a 0.34% administration charge, although Bitwise is waiving the charge for the primary month on the preliminary $500 million in belongings.

Bitwise, which now oversees greater than $15 billion throughout greater than 30 crypto funding merchandise, says the launch displays a broader shift in market construction as buyers diversify past Bitcoin and Ethereum.

New Altcoin ETFs Steal Highlight as Bitcoin Funds Wrestle

The turbulence in Bitcoin funds coincides with the rollout of a wave of latest altcoin ETFs.

Over the previous month, issuers have launched merchandise tied to Solana, XRP, and Dogecoin, with extra XRP and Dogecoin funds set to listing subsequent week.

The Canary Capital XRP ETF (XRPC) debuted with $58 million in web inflows, the very best opening-day haul for any ETF this yr, edging out the Bitwise Solana Staking ETF (BSOL), which launched with $57 million.

BSOL has shortly develop into one of many early success tales of 2025, accumulating over $660 million in belongings inside three weeks and avoiding a single day of outflows.

As reported, the New York Inventory Change has authorized the itemizing of Grayscale’s XRP and Dogecoin exchange-traded funds, clearing each merchandise to start buying and selling on Monday.

NYSE Arca, the trade’s ETF-focused subsidiary, filed certifications on Friday confirming the itemizing and registration of the Grayscale XRP Belief ETF Shares and the Grayscale Dogecoin Belief ETF Shares below the Securities Change Act of 1934.

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