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Bitwise Asset Management launched the Bitwise Dogecoin ETF on November 26 as demand for crypto exposure grew across U.S. markets. The product lists on the New York Stock Exchange under the ticker BWOW with a management fee of 0.34% and a one-month zero-fee window for the first $500 million in assets.
Bitwise manages more than $15 billion for clients and expanded its altcoin ETF lineup through multiple products during the year. DOGE remains the seventh-largest crypto asset with a $22 billion market cap and about $1 billion in daily centralized exchange volume.
Dogecoin continues to attract interest due to its long market presence since its 2013 creation. Bitwise leadership noted that DOGE became a major symbol within the crypto sector as its community grew into the millions. The firm said many DOGE holders seek regulated market access through exchange-traded products, driving its move toward a dedicated DOGE fund.
Furthermore, the ETF arrives with clear risk disclosures. Bitwise stated the Fund is not suitable for all investors due to higher volatility and a meaningful chance of financial loss. It also said the Fund operates outside the Investment Company Act of 1940 and therefore uses a structure without protections applied to registered ETFs.
Additionally, the company noted that investing in the Fund differs from owning DOGE directly. The structure creates market access through an exchange-traded product rather than holding the token itself.
Crypto ETF activity accelerated through late November as issuers prepared multiple launches across several days. Bloomberg analyst Eric Balchunas said five spot crypto ETFs entered the market between November 23 and November 26. Many launches moved to Monday because November 23 fell on a Sunday.
Also, Bitwise joined other major issuers such as Grayscale, VanEck, Fidelity, Franklin, and Canary in planning or releasing altcoin ETFs. Their launch calendars include funds for Ethereum, Dogecoin, Solana, HBAR, Litecoin, and Chainlink. One expert forecast nearly $30 million in first-day volume for Franklin Templeton’s XRP ETF due to rising market attention.
Furthermore, Balchunas estimated that over 100 new crypto ETFs may launch by May 2026. His outlook included products under the 1940 Act and leveraged funds but noted that most releases will be spot products. The expected wave signals growing competition among issuers and rising interest in diversified crypto exposure.
This rapid expansion raises a central question: How quickly will liquidity develop around these new offerings as markets adjust?
The launches arrive during a shift toward broader crypto market access. Investors now track assets beyond Bitcoin and Ethereum as liquidity spreads into additional networks. DOGE’s entry into the ETF market adds another asset to this widening landscape.
Additionally, the timing aligns with increasing demand from institutional and retail participants seeking structured exposure. The presence of major issuers adds recognition to the evolving ETF ecosystem and expands available options across U.S. markets.
Furthermore, this week’s coordinated launches may shape sentiment heading into the next cycle of product approvals. Activity may rise as more ETFs gain visibility and trading volume grows through broader participation.
Also Read: XRP News Today: Bitwise XRP ETF Hits $22M Volume in Strong Market Debut
Bitwise introduced the Bitwise Dogecoin ETF during a week filled with several new crypto ETF releases. Major issuers expanded their altcoin offerings as DOGE maintained strong market activity. The rapid rollout signals rising interest in diversified digital asset access. Readers should track upcoming ETF launches as competition intensifies.
