Dogecoin Price Forecast as Bitwise CEO Calls DOGE ETF Failure ‘Tragic’ Ahead of October 14 Closure
Bitwise will close its Dogecoin ETF (BWOW) on October 14, with CEO Hunter Horsley calling it a 'tragic failure' due to weak demand. Despite this, Dogecoin's price rose 1.3% to $0.086. Open interest in Dogecoin futures has declined, and liquidations exceeded $35 million since October 7. Analysts predict a potential rise to $0.092 if current support holds.
How this was made
The 30-second read
Why it matters
The closure signals weak institutional appetite for meme-coin ETFs, possibly affecting broader crypto ETF sentiment.
Market read
DOGE price shows slight upside despite ETF shutdown, but open interest and liquidity are declining.
What to watch
Potential for other crypto ETFs to capture displaced capital.
Background
Bitwise's DOGE ETF launched in Nov 2025 but failed to attract inflows, leading to its closure.
Ticker impact
Bitwise is shutting down its Dogecoin ETF (BWOW) on Oct 14, causing modest price movement and reduced open interest.
likely downward pressure as market prices in the loss of ETF inflows
The ETF had minimal assets and no recent inflows; its shutdown removes a source of liquidity for DOGE.
Market effects
Crypto ETF sector faces scrutiny, may dampen future ETF launches.
US crypto investors may shift to spot DOGE trading.
Limited to crypto markets; no broader macro impact.
Counterpoint
Some traders may view the ETF shutdown as a buying opportunity if spot demand remains strong.
Key entities
- CompanyBitwise
Issuer of the DOGE ETF (BWOW) shutting down.
- ExecutiveHunter Horsley
CEO of Bitwise commenting on the ETF closure.
