Bitwise CEO says DOGE ETF failed to gain traction with ETF investors

Bitwise CEO Hunter Horsley said BWOW, the Bitwise Dogecoin ETF scheduled to cease operations on Oct. 14 local time, showed a gap between ETF traders and users of crypto trading apps, according to an interview with The Block at Digital Asset Summit 2026 Asia. Horsley said he likes Dogecoin and holds it, adding he sees authenticity in the token itself. But as an ETF, it delivered no meaningful results, he said. Horsley added ETF traders did not want exposure to Dogecoin, although that could change over time. He said Bitwise's job is to identify the opportunities investors want to access and develop useful products around them.