Bitwise announces details of the Dogecoin ETF, with an initial holding of approximately 16.429 million DOGE and a management fee rate of 0.34%

Cryptocurrency asset management company Bitwise Asset Management plans to list the Dogecoin exchange-traded fund Bitwise Dogecoin ETF (NYSE: BWOW) today. The official details of the ETF have been released: currently, BWOW holds 16,429,836.05 Dogecoins (custodied by Coinbase Custody), with a market value of $2,499,996.71 and a management fee rate of 0.34%.

Bitwise stated that if the asset management scale of BWOW reaches $500 million within one month (whichever comes first), the management fee will be waived.