BTC $83,178.03 -1.55%
ETH $2,672.35 -0.24%
BNB $759.65 -2.15%
XRP $1.48 -1.94%
SOL $117.66 -3.58%
TRX $0.3358 +0.71%
DOGE $0.0927 -3.89%
ADA $0.2434 -4.31%
BCH $307.41 -7.20%
LINK $15.04 +7.29%
HYPE $86.83 -5.00%
AAVE $146.10 -5.56%
SUI $1.13 -8.52%
XLM $0.2240 +4.02%
ZEC $1,462.52 -8.31%
AAPL $338.59 -0.38%
AMZN $246.58 -1.05%
GOOGL $342.53 -0.32%
MSFT $509.94 -1.33%
META $717.88 -4.24%
NVDA $229.35 +2.14%
TSLA $358.36 -3.96%
SNDK $1,714.08 -3.56%
INTC $116.15 -6.35%
SPCX $145.99 -2.29%
MU $1,055.68 -3.18%
AMD $609.16 -3.43%
BTC $83,178.03 -1.55%
ETH $2,672.35 -0.24%
BNB $759.65 -2.15%
XRP $1.48 -1.94%
SOL $117.66 -3.58%
TRX $0.3358 +0.71%
DOGE $0.0927 -3.89%
ADA $0.2434 -4.31%
BCH $307.41 -7.20%
LINK $15.04 +7.29%
HYPE $86.83 -5.00%
AAVE $146.10 -5.56%
SUI $1.13 -8.52%
XLM $0.2240 +4.02%
ZEC $1,462.52 -8.31%
AAPL $338.59 -0.38%
AMZN $246.58 -1.05%
GOOGL $342.53 -0.32%
MSFT $509.94 -1.33%
META $717.88 -4.24%
NVDA $229.35 +2.14%
TSLA $358.36 -3.96%
SNDK $1,714.08 -3.56%
INTC $116.15 -6.35%
SPCX $145.99 -2.29%
MU $1,055.68 -3.18%
AMD $609.16 -3.43%

wise

All
Article
Flash

first_img Dogecoin ETF demand is sluggish, Bitwise announces the closure of the BWOW fund

According to data from CoinDesk, the three U.S. Dogecoin ETFs have seen a total net inflow of only about $12 million in the past 10 months, while the XRP fund attracted $12.29 million in a single day on September 9. Out of the 199 trading days covered in the statistics, the Dogecoin fund had zero net flow for 166 days, accounting for over 83%. During the period from August 13 to September 10, it also recorded a net outflow of about $108,000.In contrast, since its launch in November 2025, the XRP fund has accumulated a net inflow of $1.7 billion, while the SOL fund has raised $1.36 billion since its launch in October 2025, both exceeding the total amount of the Dogecoin fund by more than 100 times. During the 20 trading days from August 13 to September 10, the XRP fund added $190.5 million, and the SOL fund saw inflows of $199 million, while the Dogecoin fund recorded net outflows. Even though the price of Dogecoin rose over 30% in the last two weeks of August, it did not significantly change this situation.Weak demand has led to a contraction in the product line. Cryptocurrency asset management company Bitwise announced it would close its Dogecoin ETF BWOW, which has been in operation for less than a year since its launch in November 2025, and as of September 9, had an asset size of only $687,700. Trading is expected to stop on October 14, and remaining shareholders will receive cash on October 22. A Bitwise spokesperson stated that the company decided to liquidate the fund to continue optimizing its product line to meet the changing needs of investors.

first_img Bitcoin's correlation with gold has risen to a six-year high, Bitwise states that depreciation hedging trades are making a comeback

Bitwise's latest report shows that the correlation between Bitcoin and gold has risen to a six-year high. Bitwise's Head of Research for Europe, André Dragosch, stated that the last time the correlation reached this level was in 2020, during the period of multiple fiscal and monetary stimulus following the COVID-19 pandemic; meanwhile, the correlation between Bitcoin and the stock market has dropped to a one-year low, suggesting a decoupling between hard assets and the stock market.The report believes that the simultaneous rise of Bitcoin and gold is due to the "substantial intervention in the macro picture" by the U.S. government. Last month, the U.S. Treasury announced it would more than double the scale of government debt buybacks, leading to a weakening of the dollar, and investors flocked back to gold and Bitcoin; in the same week, U.S. public debt surpassed $40 trillion for the first time, further undermining market confidence in the dollar. Bitwise stated that investors are no longer entangled in whether to hedge against currency depreciation with gold or Bitcoin, but are holding both simultaneously, and pointed out that "Bitcoin has been priced as a risk asset for its first fifteen years, and if this correlation trend continues, the next fifteen years could be very different."Driven by this, Bitcoin rose again this week, increasing nearly 6% within 24 hours, with the price briefly approaching $81,438.
app_icon
ChainCatcher Building the Web3 world with innovations.