Bitwise is pulling the plug on their $DOGE ETF less than a year in. AUM dropped below $1M—basically DOA.
They're spinning it as "optimizing product range" but let's be real: nobody wanted exposure to a memecoin through a regulated wrapper when you can just ape in on-chain.
This is what happens when TradFi tries to package degen plays into boomer products. The demand wasn't there. $DOGE holders don't want ETFs, they want volatility and culture.
Meanwhile $BTC and $ETH ETFs are pulling billions. The line between legitimate crypto assets and memecoins just got drawn in institutional blood.
They're spinning it as "optimizing product range" but let's be real: nobody wanted exposure to a memecoin through a regulated wrapper when you can just ape in on-chain.
This is what happens when TradFi tries to package degen plays into boomer products. The demand wasn't there. $DOGE holders don't want ETFs, they want volatility and culture.
Meanwhile $BTC and $ETH ETFs are pulling billions. The line between legitimate crypto assets and memecoins just got drawn in institutional blood.
