Bitwise CEO attributes closure of underperforming Dogecoin ETF to investor preference for Solana's onchain utility and AI infrastructure, while expanding into AI and staking products.
AI & Agents ·
Bitwise's spot Dogecoin ETF, BWOW, will close after October 14 with just $726,000 in assets as of early October, reflecting weak investor demand since its November 2025 launch. CEO Hunter Horsley attributed the closure to a gap between ETF buyers and crypto app users, noting that investors instead favor Solana infrastructure products like the Bitwise Solana Staking ETF, which holds $1.3 billion in net assets. Bitwise is simultaneously expanding into AI and staking products, having launched a spot NEAR ETF and filed for AI Cyber Defense and AI Bond ETFs.