Bitwise Dogecoin ETF Files Form 25, Final Trading Day Is October 14

Bitwise has filed the paperwork that ends its Dogecoin fund. A Form 25 dated October 13, 2026 asks the SEC to remove the Bitwise Dogecoin ETF from NYSE Arca and from registration. October 14 is the last day its shares can trade. Anyone still holding after that gets cash.

The sponsor's press release, filed with an 8-K on September 10. Source: Bitwise exhibit 99.1 on SEC.gov.

Why the Bitwise Dogecoin ETF exit is voluntary

Form 25 can be filed by an exchange or by the issuer. Here it is the issuer. The filing ticks the box for Rule 12d2-2(c), which covers a voluntary withdrawal after the issuer has followed the exchange's own rules. Paul Fusaro, Bitwise's chief operating officer, signed it for the sponsor.

That matters because nobody forced the closure. NYSE Arca did not delist the Bitwise Dogecoin ETF for missing a standard. Bitwise chose to shut it, and its September 10 release gives one reason. The firm says it "continues to optimize its product range to meet evolving investor needs." No assets figure or flow number appears in the filings.

Liquidation calendar for the Bitwise Dogecoin ETF

The release sets out a short run of dates. Trading on NYSE Arca ends with the close on October 14, and the fund turns its dogecoin into cash that same day. Creation of new shares stops before the open on October 15. The net asset value is struck as of October 21, and the cash goes out on October 22.

Bitwise says it coordinated with NYSE to keep the delisting orderly. The 8-K sits under Item 3.01, the item for delisting notices. It records that Bitwise told the exchange of its decision on September 10. Secondary trading is halted before the open on October 15. After that there is no secondary market for the shares.

Shareholders do not need to do anything. The cash lands in the cash side of their brokerage accounts. The 8-K adds that the payout is a taxable event, and it tells holders to consult their tax advisors.

There is one more detail in the 8-K. Once liquidation starts, the fund will no longer be run in line with its investment objective. That is the sponsor's own wording.

What the fund said about its own risks

Bitwise's release carries the standard risk list for the product, and some of it is blunt. The fund held a single asset, so a drop in dogecoin hit it harder than a diversified basket would. The same list calls DOGE a memecoin and says it makes no promise of utility.

The box ticked on the Form 25 is the voluntary-withdrawal provision. Source: Bitwise Form 25 on SEC.gov.

For context on the coin itself, DOGE changed hands near $0.0843 on Binance in the morning of October 14 UTC. That sits about 12% under its October 5 daily close of $0.0954. The filings do not link the closure to that move, and the September 10 announcement came well before it.

The fund's holdings are due to be liquidated by October 22 or shortly after, according to the 8-K. Investors with questions are pointed to the prospectus on the fund's website and to Bitwise's San Francisco phone line.

Whether any other dogecoin fund follows is not something these documents say. Holders of BWOW who want out before the last bell have until the October 14 close, and the cash payout follows on October 22.