Bitwise's Dogecoin ETF announced initial holdings of approximately 16.429 million DOGE, with a management fee of 0.34%.

Crypto asset management firm Bitwise Asset Management has announced its plan to launch the Bitwise Dogecoin ETF (NYSE: BWOW) today. Details of the ETF have been released: BWOW currently holds 16,429,836.05 DOGE tokens (custodied by Coinbase Custody), with a market value of $2,499,996.71 and a management fee of 0.34%. Furthermore, Bitwise stated that management fees will be waived if BWOW's assets under management reach $500 million or within one month (whichever comes first).