Bitwise Shuts Down Dogecoin ETF Less Than a Year After Launch

The closure is less a verdict on Dogecoin than on the economics of single-asset meme ETFs: a launch-day volume spike that never recurred offers no viable base for a fund's ongoing costs. For issuers, it signals that novelty listings can win attention without building the sustained flows required to survive. The open question is whether this becomes an isolated cull or the start of a broader thinning among thematic crypto ETFs that never converted debut curiosity into a durable investor base.