ETFIQetfiq.com · independent ETF data
BWOW Bitwise Dogecoin ETF
A spot Dogecoin trust. It holds the coin and trades like a share.Bitwise0.34% fee$770,236Since Nov 26, 2025SEC filings ↗Every Bitwise fund ETFIQ covers
Since listing to Sep 30, 2026, BWOW returned −39.6% against Dogecoin’s −38.9%, 0.67 of a percentage point behind.
−39.6%
Total return, time since it listed
−38.9%
Dogecoin over the same days
−0.7 pts
Difference against Dogecoin, in percentage points
211
Days it has traded
Where every fund in this set sits
How much of what holding the coin gave did a holder of the fund keep?
96.1% to 105.7% across 25
That is the share of the 25 spot crypto ETPs listed less than a year sitting at or below BWOW.
A position in this set, not a rating: it moves when the set moves, and it is not a figure to average against another desk's.
ETFIQ Coin Capture Score
22.020th of 25
BWOW kept 98.9% of what holding Dogecoin gave over the same days.
share of the coin's growth it kept98.9% · 22nd pct
| Window | The fund | Dogecoin | Difference, percentage points |
|---|---|---|---|
| 1M Aug 31 – Sep 30, 2026 | +13.0% | +14.1% | −1.1 pts |
| 3M Jul 1 – Sep 30, 2026 | +29.5% | +31.0% | −1.5 pts |
| 6M Apr 1 – Sep 30, 2026 | +1.1% | +2.5% | −1.4 pts |
| Since it listed Nov 26, 2025 – Sep 30, 2026 | −39.6% | −38.9% | −0.7 pts |
BWOW over each window to Sep 30, 2026. Every figure is an ETFIQ calculation. Source: ETFIQ.
Head to head
In plain words
Over the time since it listed to Sep 30, 2026, Dogecoin moved −38.9% and BWOW returned −39.6%. That leaves it 0.67 of a percentage point behind. That difference is the fee, the custody cost, the friction of creating and redeeming shares in blocks, and whatever the market paid for the shares rather than for the coin, all of it together. It is the only figure on this page the sponsor does not publish itself. BWOW charges 0.34% a year and finished 0.7% behind Dogecoin, so the fee is less than the whole difference and the rest is what the market paid for the shares, which moved against holders. A spot trust is not a registered investment company. It files a 10-K rather than an N-PORT, and its holding is one line: the Dogecoin it custodies.
SponsorBitwise
HoldsDogecoin
Sponsor’s fee (10-Q)0.34%
Fee waiverthe whole fee, but it ended on Dec 24, 2025. The sponsor's fee above is what the trust charges now.
Net assets (issuer page, as of Sep 29, 2026)$770,236
Stakingthe chain has none, so no fund holding it can pay a staking yield
Listed sinceNov 26, 2025
Days traded211
Days it closed unchanged1
Quotedon an exchange, every trading day
Price$15.4077
BWOW (Bitwise Dogecoin ETF), crypto ETFs fields as of Sep 30, 2026. Source: ETFIQ.
Fund closes and coin closes from Tiingo, read at the same two dates. ETFIQ calculation. How these figures are computed
Questions people ask about BWOW
- Does BWOW track Dogecoin?
- Over the time since it listed to Sep 30, 2026 it returned −39.6% against Dogecoin’s −38.9%, which leaves it 0.67 of a percentage point behind. That difference carries the fee, the custody cost and the market’s pricing of the shares, and ETFIQ computes it from the fund’s own closes and the coin’s own closes over the same two dates.
- Does BWOW stake?
- Dogecoin is a proof of work chain, so there is nothing to stake and no fund holding it can pay a staking yield.
- What is BWOW?
- Bitwise Dogecoin ETF, a spot Dogecoin trust sponsored by Bitwise, listed Nov 26, 2025. It holds the coin through a custodian rather than futures on it or shares in companies that own it.
Sources and dates
Prices, BWOW and DogecoinPrices, Tiingo end of day ↗
Net assets, $770,236Issuer page · Sep 29, 2026
All fund filingsFilings on SEC EDGAR ↗
IssuerBitwise website ↗
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page
ETFIQ, BWOW, crypto ETFs, data as of Sep 30, 2026. https://etfiq.com/funds/bwow
ETFIQ. (Sep 30, 2026). BWOW, crypto ETFs. Retrieved from https://etfiq.com/funds/bwow
[BWOW, crypto ETFs (ETFIQ, Sep 30, 2026)](https://etfiq.com/funds/bwow)
The tracking bar for BWOW, redrawn every trading night. Free to use with the credit link.
Free to use with attribution; the underlying files are at Open data.
Tracking difference
The fund’s total return minus the coin’s over exactly the same days, in percentage points. The fee, the custody cost, the creation and redemption friction and whatever the market paid for the shares, all of it, in one number.
Spot
The fund holds the coin itself, through a custodian, rather than futures on it or shares in companies that own it. Only spot funds are on this desk; the others are measured where they belong.
Sponsor
Who runs the trust. A spot crypto ETF is a 1933 Act trust rather than a registered investment company, so it has a sponsor rather than an adviser, and files a 10-K rather than an N-PORT.
Thinly quoted
A fund whose price sat unchanged on more than one trading day in twenty. Its quoted return is what somebody paid on the days anyone traded, which is not the same thing as what the fund did, so ETFIQ shows it and does not rank it against funds that trade.
Staking
Only proof of stake coins can be staked, so it exists for ether and Solana funds and cannot exist for a bitcoin one. Where a fund stakes, the yield and the sponsor’s share of it are terms in its own filings.
BWOW, Crypto ETFs, ETFIQ, data as of Sep 30, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. ETFIQ is an independent publisher, is not a fund issuer, broker-dealer or investment adviser, and makes no recommendations.