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Nov 26, 2025The fund carries high risk and fewer investor protections than traditional ETFs.
Bitwise Asset Management has unveiled the Bitwise Dogecoin ETF as investor appetite for altcoin exposure continues to increase.
The fund, announced Tuesday, will trade on the New York Stock Exchange under the ticker BWOW beginning November 26, 2025.
Bitwise CEO: Dogecoin’s Appeal Comes From Community
Bitwise CEO Hunter Horsley said the company is responding to a real and persistent demand within one of crypto’s most unusual communities.
As a non-1940 Act product, the fund does not come with the same investor protections as traditional ETFs and carries the risk of high volatility and potential total loss.
Bitwise also emphasized that holding BWOW is not equivalent to owning DOGE directly.
Despite its origins as a meme, Dogecoin has held a surprisingly durable place in the digital-asset rankings. It remains the seventh-largest cryptocurrency with a market cap of roughly $22 billion and sees about $1 billion in daily trading volume across centralized exchanges.
New Altcoin ETFs Steal Spotlight as Bitcoin Funds Struggle
The turbulence in Bitcoin funds coincides with the rollout of a wave of new altcoin ETFs.
Over the past month, issuers have launched products tied to Solana, XRP, and Dogecoin, with more XRP and Dogecoin funds set to list next week.
The Canary Capital XRP ETF (XRPC) debuted with $58 million in net inflows, the highest opening-day haul for any ETF this year, edging out the Bitwise Solana Staking ETF (BSOL), which launched with $57 million.
NYSE Arca, the exchange’s ETF-focused subsidiary, filed certifications on Friday confirming the listing and registration of the Grayscale XRP Trust ETF Shares and the Grayscale Dogecoin Trust ETF Shares under the Securities Exchange Act of 1934.
Sources >> Bitwise Launches Dogecoin ETF on NYSE as Demand For Altcoin ETFs Grows