Bitwise BWOW dogecoin ETF closes as DOGE funds languish

Bitwise's BWOW dogecoin ETF will close after 10 months, the latest sign of weak demand across DOGE-focused funds even as rival XRP and Solana spot products pulled in roughly $3 billion. The closure raises a harder question for altcoin ETFs: what problem they actually solve beyond their crypto-native peers.

• DOGE ETFs struggled to attract buyers while other single-coin funds saw strong inflows.
• The shutdown underscores uneven appetite across the wave of memecoin and altcoin ETFs that listed over the past year.