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Ad Home / Price Analysis / Dogecoin Price Forecast as Bitwise CEO Calls DOGE ETF Failure ‘Tragic’ Ahead of October 14 Closure Dogecoin Price Forecast as Bitwise CEO Calls DOGE ETF Failure ‘Tragic’ Ahead of October 14 Closure 10 Oct, 2026 By Muthoni Mary Muthoni Mary
Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience decoding blockchain trends, price movements, and market dynamics. She holds a Bachelor’s Degree in Commerce (Finance) from Kenyatta University, blending a solid academic foundation with a sharp eye for technical analysis and a deep understanding of on-chain data. Her work delivers clear, data-driven insights that empower investors to navigate the fast-evolving digital asset space with confidence. When she’s not analyzing the markets, Mary enjoys reading and travelling. Read full bio Copied! Why Trust CoinGape CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information. Highlights
Dogecoin (DOGE) was the biggest gainer among the top ten biggest cryptos by market cap at the time of writing after rising by 1.3% in 24 hours to trade at $0.086 at the time of writing
The gains come even as Bitwise readies to shut down its Dogecoin ETF next week on October 14 after barely one year of trading
As previously reported by CoinGape, Bitwise is shutting down its Dogecoin ETF, BWOW, which launched in November 2025
Bitwise CEO Hunter Horsley has now weighed in on the shutdown, calling it ”tragic.” Per Horsley, the weak demand for the Dogecoin ETF revealed a disparity between the traders who trade ETF products and those who trade the top meme coin on exchanges
“Those ETFs did nothing… The users of ETFs just didn’t want to put money into Dogecoin. But that may change over time,” Horsley opined
The Bitwise BWOW ETF has not seen any inflows since August 24, per SoSoValue data. The ETF has also only seen one day of inflows since it started trading in November 2025
Meanwhile, Dogecoin ETFs have not seen any inflows since the beginning of October, with this outlook further highlighting weak demand for the products
Data from CoinGlass shows a notable decline in Dogecoin’s open interest from 16.57 billion DOGE on October 8 to 15.18 billion DOGE at the time of writing
The 1.39 billion DOGE decline in open interest within two days suggests that the demand for Dogecoin futures products is becoming weak as investors minimize risk
The OI is falling amid an increase in selling pressure, as earlier reported by CoinGape. An increase in liquidations is also flushing out the excess leverage on Dogecoin
Per CoinGlass, Dogecoin has recorded more than $35 million in liquidations since October 7, with long buyers facing the biggest losses
Dogecoin price has filled an FVG gap created after the price dropped from $0.087 to $0.082 on October 8
The meme coin has now moved above the midline of this FVG gap, and it is testing it as support. If it holds, it will indicate that the uptrend is gaining strength
Another bullish leg will push Dogecoin price to the midline of the second FVG gap at $0.092
The AO bars that are green and shrinking in length while remaining on the negative side support this bullish future Dogecoin forecast of a move towards $0.092
However, the RSI warns that the momentum is still weak, and a surge in buying pressure is needed to support the uptrend
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1. Will Dogecoin price crash after Bitwise shuts down its DOGE ETF?
2. When did the Dogecoin BWOW ETF by Bitwise launch?
3. Can Dogecoin price recover after the recent dip?
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information
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