Hunter Horsley

Dogecoin exchange-traded funds have failed to gain meaningful traction with investors, drawing just over $12 million across three tracked U.S. products in nearly 10 months. Bitwise’s plan to close its BWOW Dogecoin ETF underscores a widening gap between DOGE funds and rival XRP and Solana products.

Large financial institutions are increasingly approving and distributing crypto products, marking a clear shift in the relationship between traditional finance and digital assets. Market participants say the buildout is turning custody, tokenization and regulated trading into core infrastructure rather than a side experiment.