Dogecoin (DOGE) price fell on Friday after Bitwise announced plans to liquidate its Dogecoin exchange-traded fund, BWOW, just ten months after the product began trading. DOGE dropped 1.93% to around $0.083, extending weakness across the broader cryptocurrency market. Bitcoin and Ethereum also moved lower after U.S. producer inflation rose to 5.4%, increasing expectations that the Federal Reserve could raise interest rates. Bitwise said investors can trade the Dogecoin ETF until October 14, with the fund scheduled for liquidation afterward. Cash proceeds are expected to be distributed to… Read more
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