Dogecoin news

Dogecoin surged as much as 15% on September 21, briefly touching $0.105, its highest price in months, amid a broader crypto rally led by Bitcoin's move past $85K. The surge was fueled by whale accumulation of 240-360 million DOGE tokens, a short squeeze that liquidated $12.66 million in DOGE shorts, and a spike in spot DOGE ETF inflows to $909,650, the largest single-day figure since January 2026. The price action appears driven by technical breakout patterns, such as a cup-and-handle formation, and macro tailwinds from Bitcoin's strength, rather than any specific Elon Musk announcement. DOGE futures open interest rose over 16% to approximately $1.49 billion, and the token consolidated between $0.097 and $0.10 after the initial spike.

Bitwise is closing and liquidating its Dogecoin ETF (BWOW), which will stop trading on NYSE Arca on Oct. 14 and be liquidated the following week, less than 11 months after launch. The fund attracted only about $700,000 in assets and recorded $1.23 million in net outflows, with non-zero daily flows on just three days. Rivals Grayscale's GDOG and 21Shares' TDOG captured most of the category's roughly $12 million in cumulative inflows. Despite BWOW offering a lower fee (0.34%) than both competitors, investors bypassed it. Grayscale's prior trust gave it a structural advantage, but 21Shares, which launched later and charges higher fees, also accumulated substantially more capital. The closure underscores weak investor demand for Bitwise's product and its exit from a market where both an incumbent and a later entrant drew far more investment.

Bitwise is liquidating its Dogecoin ETF, BWOW, less than a year after its November 2025 debut. The fund's final trading day on NYSE Arca is expected to be October 14, with remaining shareholders receiving cash based on the October 21 net asset value. BWOW held about $722,000 in net assets as of September 8. Bitwise cited efforts to optimize its product range to meet evolving investor needs, without referencing the fund's small size. The closure comes amid a wave of crypto ETF launches, though Bitwise CEO Hunter Horsley had previously touted Dogecoin's community and demand for an exchange-traded product at launch.

Bitwise is liquidating its Dogecoin ETF (BWOW) in October, less than a year after its launch. The asset manager announced Thursday that it is closing the fund to optimize its product range in response to evolving investor needs. As of Sept. 9, BWOW held approximately $688,000 in net assets. The fund's last trading day on NYSE Arca is expected to be Oct. 14. Bitwise will convert its Dogecoin holdings to cash that day and stop creating new shares before market open on Oct. 15. Remaining shareholders will receive cash based on net asset value on Oct. 21, with payments expected around Oct. 22, processed automatically through brokers or intermediaries.

Bitwise Asset Management is liquidating its Dogecoin ETF (BWOW) after roughly 10 months of trading, with the final trading session set for Oct. 14 on NYSE Arca. The fund, which launched Nov. 26, 2025, will stop creating new shares before the market opens Oct. 15. Remaining shareholders will receive cash based on the Oct. 21 net asset value, distributed Oct. 22, according to a Sept. 10 SEC filing. Bitwise cited a need to 'optimize its product range to meet evolving investor needs' but did not specify a reason for the closure. The fund saw limited demand, with August net inflows across all U.S. Dogecoin ETPs at just $318,000, compared with billions in volume for other crypto products. BWOW's prospectus warns of risks tied to Dogecoin's memecoin status, unlimited supply, and liquidity. The closure does not signal a retreat from crypto ETFs, as Bitwise manages about $9 billion in client assets across more than 70 offerings, including Bitcoin, Ether, Solana, and XRP products. Investors selling before Oct. 14 will receive market prices, while those holding through liquidation face a taxable event based on the Oct. 21 NAV.

Bitwise is liquidating its Dogecoin ETF (BWOW) after less than 10 months, with trading ending October 14 and cash payouts on October 22. The fund held just $721,820, about 6% of the $12.3 million across all three US spot Dogecoin ETFs, and saw net outflows of $1.23 million. Despite being the cheapest at 0.34% expense ratio, it failed to attract buyers, while Grayscale's GDOG collected $11.7 million and 21Shares' TDOG took $1.63 million. Bitwise cited optimizing its product range, but data shows minimal interest. The fund's value dropped 45.37% from launch through August 30, partly due to Dogecoin's price slide to near $0.0842. Two Dogecoin ETFs remain, raising questions about whether the category can survive with such low assets.

Bitwise announced Thursday it will liquidate and close its spot Dogecoin ETF (BWOW), less than a year after it launched. The last day of trading on the NYSE is expected to be Oct. 14, with remaining shareholders receiving cash payouts on Oct. 22. The fund struggled to attract investor interest, recording only about $318,000 in net inflows last month and peaking at around $3 million in daily trading volume during its launch week. Dogecoin ETFs have accumulated roughly $300 million in trading volumes, far below other altcoin funds like Hyperliquid ($2.1 billion) and Zcash ($1.5 billion). Bitwise said the decision was made to optimize its product range. Dogecoin's price currently trades around $0.084, with a $13 billion market cap, having fallen out of the top 10 cryptocurrencies over the past year.

Wormhole's Native Token Transfers framework, via the Sunrise liquidity gateway, has brought Dogecoin natively to Solana, avoiding wrapped tokens. The integration, live since May 23, 2025, covers DOGE's full circulating supply valued at roughly $35 billion, marking one of the largest single-asset cross-chain transfers in crypto history. NTT uses zero-knowledge proofs to preserve the token's original properties and issuer authority. Sunrise, incubated by Wormhole Labs and launched on November 23, 2025, assigns a unified mint address to incoming assets to prevent liquidity fragmentation. It first listed Monad's MON token, with Arbitrum's ARB joining in September 2026. The move positions Solana as a hub for high-value assets while opening DOGE to DeFi applications on Solana, though experts note potential risks from cross-chain complexity and the concentration of large flows through a single gateway.

CleanCore Solutions, a Nebraska-based company, has exited its Dogecoin treasury strategy, selling approximately 463 million DOGE for about $33.4 million on July 20, according to SEC filings. The firm, which had positioned itself as the corporate treasury vehicle for Dogecoin in September 2025 with a $175 million PIPE, terminated its agreement with Dogecoin Ventures in March 2026 and liquidated its remaining holdings, closing its brief and unusual crypto experiment. The proceeds will fund CleanCore's AI pivot, with the company committing up to $500 million to a Minnesota-based AI infrastructure joint venture. To finance this shift, the firm completed a roughly $100 million stock offering, diluting its shares outstanding by 121.9%. The gap between funds raised and the committed AI investment suggests further fundraising or dilution may be necessary. The sale removes a significant institutional DOGE holder and marks the end of the Dogecoin Foundation's corporate treasury cultivation effort in this case.

CleanCore's $100 million stock offering increased its outstanding shares by 121.9% to 502.1 million, with an additional 524.2 million shares possible through warrants. The firm aims to shift from cleaning products and Dogecoin holdings to AI infrastructure in Minnesota. The prospectus shows estimated net proceeds of $92 million, which falls short of up to $500 million in Minnesota venture commitments. CleanCore sold its 463 million DOGE holdings for about $33.4 million in July, and the funding gap remains unresolved.