21Shares Dogecoin ETF, a Maryland statutory trust focused on tracking the performance of Dogecoin, has released its Form 10-Q report for the third quarter of 2026. The report provides a comprehensive overview of the Trust’s financial and operational performance, highlighting its passive investment strategy and key business activities.
Financial Highlights
The 10-Q report for 21Shares Dogecoin ETF does not provide specific financial metrics such as Revenue, Gross Profit, Operating Income, Net Income, or Net Income Per Share. The focus of the Trust remains on tracking the performance of Dogecoin and managing its assets accordingly.
Business Highlights
Trust Overview
The 21Shares Dogecoin ETF is a Maryland statutory trust formed on April 1, 2025. It operates as a passive investment vehicle aiming to track the performance of Dogecoin. The Trust is not registered as an investment company under the 1940 Act and is not a commodity pool for purposes of the CEA.
Investment Objective
The Trust seeks to track the performance of Dogecoin as measured by the CF Dogecoin-Dollar US Settlement Price Index, adjusted for the Trust’s expenses and other liabilities. The Trust holds Dogecoin and values its shares daily based on this Pricing Benchmark.
Custodial Arrangements
Coinbase Custody Trust Company, LLC, Anchorage Digital Bank N.A., and BitGo Bank & Trust, N.A. serve as custodians for the Trust, holding all of the Trust’s Dogecoin on its behalf.
Sponsor and Management
The Trust is managed by 21Shares US LLC, a wholly owned subsidiary of FalconX Holdings Limited. The Sponsor is responsible for the ongoing registration of the Shares and their listing on the Nasdaq Stock Market under the ticker symbol ‘TDOG’.
Creation and Redemption of Shares
Shares are created and redeemed in blocks of 10,000, known as Creation Baskets, and are issued and redeemed in exchange for cash. Only Authorized Participants can place orders for these transactions.
Sponsor Fee
The Trust pays a unitary Sponsor Fee of 0.50% of the Trust’s NAV, which is accrued daily and payable in Dogecoin weekly in arrears. This fee compensates the Sponsor for services performed under the Trust Agreement.
Operational Highlights
The Trust commenced operations on January 22, 2026, with its shares listed for trading under the ticker symbol ‘TDOG’. The Trust is a passive investment vehicle and does not actively manage the Dogecoin held.
Future Outlook
The Trust plans to continue its operations as a passive investment vehicle, focusing on tracking the performance of Dogecoin. The Trust does not anticipate any material changes to its liquidity needs, with the Sponsor covering ordinary fees and expenses.
SEC Filing: 21Shares Dogecoin ETF [ TDOG ] – 10-Q – Feb. 20, 2026
