Bitwise Dogecoin ETF USD Price

The Bitwise Dogecoin ETF (ticker: BWOW) is a spot exchange-traded product that holds Dogecoin (DOGE) directly in a commodity-based trust listed on NYSE Arca. The fund’s objective is to provide exposure to the value of Dogecoin held by the trust, less the expenses and liabilities of operating the vehicle. NAV is calculated each day using the CF Dogecoin-Dollar Settlement Price from CF Benchmarks.

BWOW is sponsored by Bitwise Investment Advisers, LLC, part of Bitwise Asset Management, with Coinbase Custody Trust Company, LLC safekeeping the trust’s DOGE and Bank of New York Mellon acting as cash custodian, administrator and transfer agent. The product is registered under the Securities Act of 1933 rather than the Investment Company Act of 1940, which means it operates more like other U.S. spot crypto ETPs than traditional ’40-Act ETFs. 

The ETF charges a 0.34% unitary management fee, but Bitwise is waiving that fee to 0% for the first month on up to $500 million in assets. After that promotional window, the standard 0.34% expense ratio applies. 

BWOW arrives as part of a new wave of single-asset crypto ETFs and follows earlier Dogecoin products from Grayscale and REX-Osprey. Its launch underscores that, more than a decade after being created as a joke, Dogecoin has kept enough trading volume, community demand and market cap to warrant its own regulated, exchange-traded vehicle on Wall Street.