BWOW ETF — Bitwise Dogecoin ETF

Bitwise Dogecoin ETF (BWOW)

Updated October 14, 2026.

BWOW is an ETF. its expense ratio is 0.34%. Total return is -47.4% over the past 0.9 years, 61.9 points behind SPY at 14.5%.

This ETF holds Dogecoin directly and is passively managed, with the Sponsor accruing its management fee in U.S. dollars while the trust values its holdings daily. The fund does not make regular distributions to shareholders. It carries an expense ratio of 0.34% and appeals primarily to investors seeking direct exposure to Dogecoin through a simple, fee-efficient structure.

BWOW performance versus SPY

Price and return data through 2026-10-14.

Total return is -47.4% over the past 0.9 years, 61.9 points behind SPY at 14.5%. Its deepest 1-year drawdown was 55.8%.

BWOW key facts

Issuer

Bitwise Investments

Asset type

ETF

Asset class

Crypto

Inception date

11/25/2025

Expense ratio

0.34%

Distribution frequency

None

Last close

$13.42 (stale; as of 2026-10-14)

AUM

$747,773

Average volume

266.0

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Bitwise Investments; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

BWOW risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 55.8%.

Who may consider BWOW — and who may not

It is a weaker fit for investors who need monthly cash flow (BWOW does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on BWOW

• All tickers starting with B

Tagged: Crypto.

Frequently asked questions

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