Dogecoin at $0.0862 and Bitwise Winds Down Its DOGE ETF on 14 October: Why That Barely Moves the Price

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Bitwise is winding down its Dogecoin ETF BWOW: trading ends on 14 October and the money flows on 22 October. The holding amounts to 0.14 percent of one trading day. What that means for the price and why the German route runs through an ETP costing 2.50 percent a year.Dogecoin trades at $0.086183 on Saturday morning, or €0.076928, 1.3 percent above the previous day's level. The number that will matter more to DOGE holders over the next two weeks than this daily gain, though, is a date: on Wednesday 14 October the Bitwise Dogecoin ETF will trade for the last time on the US exchange NYSE Arca under the ticker BWOW. After that the provider converts the holding into cash and pays out the remaining shareholders on 22 October. Barely eleven months after its launch, one of the first American Dogecoin funds is closing again. This article answers three questions: what exactly happens on which day, why the wind-down can barely move the price by our calculation, and what changes for you if ...