Bitwise announces Dogecoin ETF details, initial DOGE holdings around 16.429 million, management fee rate at 0.34%

ChainCatcher reported that crypto 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 Dogecoin (custodied by a certain exchange), with a market value of $2,499,996.71 and a management fee rate of 0.34%.

Bitwise stated that if BWOW's assets under management reach $500 million or within one month (whichever comes first), the management fee will be waived.