Bitwise Asset Management has officially launched BWOW, a Dogecoin exchange-traded fund now trading on NYSE Arca. The ETF received approval following an SEC review that extended until November 12, 2025.
Investors can now gain exposure to Dogecoin through a regulated product without holding the token directly, with Coinbase Custody Trust Company responsible for safeguarding the underlying assets.
Bitwise said the launch follows months of requests from Dogecoin’s active community, which sought a compliant and accessible investment vehicle. BWOW is registered under the Securities Act of 1933 but not the Investment Company Act of 1940, meaning it does not carry the same protections as conventional ETFs.
The fund charges a 0.34% management fee, waived for the first month on the initial $500 million.
Dogecoin continues to be a major cryptocurrency, boasting a $23 billion market cap and trading around $0.15 today. Bitwise’s product joins similar Dogecoin funds and adds to a growing wave of altcoin ETFs.
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