The Bitwise Dogecoin ETF (BWOW) is set for delisting, with trading to end before the market open on Oct. 15, followed by liquidation shortly thereafter, according to an SEC filing.
The fund opened for business late in 2025 and never garnered much in the way of assets, which currently stand at about $700,000.
The price of oil gained about 7% on Thursday as the war in Iran drags on, the Saudis reported their lowest monthly production since 1990, and the U.S. Strategic Petroleum Reserve fell to 286 million barrels.
That 286 million barrels is the lowest level since the early 1980s and is down from 415 million barrels at the start of March.
One wonders how high the price of oil might have gone without that SPR draw.
As for bonds, the 10-year U.S. Treasury yield shot higher by 12.4 basis points on Thursday to 4.96%. The 10-year hasn’t been over 5% since early 2023, when it briefly touched 5.02%. Prior to that, you would have to go back to before the global financial crisis of 2008-09.
U.S. stocks posted just modest losses, the Nasdaq slipping 0.65% and S&P 500 falling 0.5%.
The price of bitcoin was hanging on just above $77,000, down about 1.3% over the past 24 hours.
Tomorrow brings the week’s major economic event, the U.S. CPI report for August. The betting is that a Fed rate hike is all but assured for next week … unless the CPI comes in softer than forecast.
Consensus estimates are for headline CPI to be up 0.4% in August, with core CPI rising 0.2%.
A new draft of the Digital Asset Market Clarity Act is circulating among lawmakers ahead of Tuesday's key procedural vote.
The text, obtained by CoinDesk, is over 600 pages long and includes changes to provisions that address certain activities of decentralized finance and traditional finance firms. It's still unclear whether the bill has the necessary support to advance through the cloture vote, scheduled for Tuesday, Sept. 15.
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