đš Bitwiseâs DOGE ETF Is Closing TodayâBut Dogecoin Is Not Shutting Down
Bitwiseâs Dogecoin ETF, BWOW, is scheduled to make its final NYSE Arca trade on October 14. The fund will convert its DOGE holdings to cash, and remaining shareholders are expected to receive cash distributions on October 22. [818]
The catch: This is a fund-specific liquidation, not a shutdown of the Dogecoin network or the DOGE token. Bitwise said it was optimizing its product lineup; DOGE trading and the network continue independently. [818]
Separately, a community proposal would cut Dogecoinâs block reward from 10,000 to 1,000 DOGE per block. It remains a proposal and would need broad consensusânot an approved protocol change. [2010]
The takeaway: The ETF closure is not the same as Dogecoin shutting down. Watch DOGEâs actual market activity and any governance progress on the reward proposal.
$DOGE
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.
.
#Dogecoin #crypto
Not financial advice. DYOR.
Bitwiseâs Dogecoin ETF, BWOW, is scheduled to make its final NYSE Arca trade on October 14. The fund will convert its DOGE holdings to cash, and remaining shareholders are expected to receive cash distributions on October 22. [818]
The catch: This is a fund-specific liquidation, not a shutdown of the Dogecoin network or the DOGE token. Bitwise said it was optimizing its product lineup; DOGE trading and the network continue independently. [818]
Separately, a community proposal would cut Dogecoinâs block reward from 10,000 to 1,000 DOGE per block. It remains a proposal and would need broad consensusânot an approved protocol change. [2010]
The takeaway: The ETF closure is not the same as Dogecoin shutting down. Watch DOGEâs actual market activity and any governance progress on the reward proposal.
$DOGE
.
.
.
#Dogecoin #crypto
Not financial advice. DYOR.