On November 26, 2025, Bitwise Asset Management officially launched the Bitwise Dogecoin ETF (ticker: BWOW) on NYSE Arca. This is the first regulated fund on $DOGE from a leading issuer with assets exceeding $15 billion, allowing millions of investors to gain exposure to the meme coin without directly owning crypto. The fund is held by Coinbase Custody Trust, and the management fee is 0.34% (with a promo of 0% on the first $500 million for the month).
The launch was a response to the demand from the DOGE community, the seventh-largest cryptocurrency ($22 billion) with a daily volume of $1 billion. Bitwise did not plan the product, but pressure from fans inspired by Elon Musk and the DOGE department prevailed. The fund competes with Grayscale GDOG, which started on November 24 with a volume of $1.4 million, and REX-Osprey DOGE.
Bloomberg analysts predict an influx of $100–200 million in the first weeks, stimulating the growth of DOGE. This is part of the altcoin ETF wave: Solana, XRP, and HBAR are already in the market. For miners, it’s a chance for institutional interest in memes.
Will DOGE become the 'people's bitcoin'? We are monitoring the trades.
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