Bitwise Unleashes Dogecoin ETF: Could DOGE Hit $5 in 2026?

Summarize:

The New York Stock Exchange just got the Bitwise Dogecoin ETF, which has a cute cartoon dog logo. The ticker is BWOW.
This comes after Grayscale’s GDOG ETF, which had $1.4 million in trading on its first day, and REX-Osprey’s version from September.
In 2013, Dogecoin was just a joke. Now, it’s worth $23 billion and is the ninth most valuable cryptocurrency.
Based on past market cycles, analysts think that DOGE could rise above $5 by 2026.
Interest grew because of Elon Musk’s tweets and the short-lived U.S. DOGE department, but prices fell to about $0.15 recently.

Dogecoin has come a long way since it was just a meme. What started out as a joke about Bitcoin is now getting a lot of attention from big investors. What’s the latest news? Exchange-traded funds (ETFs) that let regular people buy DOGE without having to deal with crypto wallets.

Bitwise and other Wall Street firms see promise in Dogecoin’s huge fan base. Hunter Horsley, the CEO of Bitwise, calls it a “symbol of the crypto movement.” DOGE is different from complicated coins that promise to change banking. It just says to spend freely and have fun. Coinbase keeps the assets safe for this ETF, which directly tracks the price of DOGE. It’s a big step toward making crypto more available to more people.

Introducing the Bitwise Dogecoin ETF. $BWOW starts trading tomorrow.

We weren’t expecting to launch this product, but the $DOGE community requested, nay demanded, this.

Dogecoin is:
– Seventh-largest crypto asset by market weight (as of 11/25/25)
– $22B market cap
– $1B traded… pic.twitter.com/szf1s72kdl
— Bitwise (@BitwiseInvest) November 25, 2025

Earlier this week, Grayscale started things off with GDOG, which had a small amount of trading volume. Eric Balchunas, a Bloomberg expert, said that it’s okay for a new product but not a big hit. Still, these launches show that traditional finance (TradFi) is betting on DOGE’s long-term success, even in a market that changes a lot.

Bark, a crypto analyst, looked at DOGE’s past and found patterns. He breaks it up into cycles: a quiet buildup, big jumps, and then a cooldown. We are currently in a rising phase after a base period from 2022 to 2023. Bark says that if trends stay the same, DOGE will rise to over $5 per coin by 2026. That’s exciting, but keep in mind that past performance isn’t always a good indicator of future performance.

https://etfs.grayscale.com/gdog

https://www.sec.gov/Archives/edgar/data/2053791/000121390025058120/ea0246815-s1a1_bitwise.htm