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$DOGE The ETF Demand Test
Bitwise is winding down BWOW after less than a year.
The bigger signal is the size: only ~$722K in net assets before the announcement.
The ETF created regulated access to DOGE, but failed to attract meaningful capital.
That doesn’t mean DOGE is finished. It highlights a gap between retail attention and institutional demand.
If future $DOGE ETFs scale, BWOW may simply be a failed first attempt.
If they don’t, this could signal a deeper ceiling for institutional DOGE demand.
Is DOGE stronger as a retail asset than an institutional one?
#DOGE #Crypto #MarketAnalysis