What changed in this filing

/stocks — the workspaceLOADING

Item 1. Financial Statements

2026-05-13 compared with 2026-02-20 · 158 added, 58 removed, 114 unchanged (65% of the section changed)

Financial Statements (Unaudited)

OF ASSETS AND LIABILITIES

21SHARES DOGECOIN ETF

STATEMENTS OF ASSETS AND LIABILITIES

Investment in Dogecoin, at fair value (cost $ 2,490,237 , and $ 0 , respectively) $ 1,855,639 $ –

Total assets 1,855,639 100

Sponsor Fee payable 181 –

Total liabilities 181 –

1 unchanged sentence

Net assets $ 1,855,458 $ 100

assets consist of

Net assets consists of

Paid-in-capital $ 2,492,151 $ 100

Accumulated earnings (loss) ( 636,693 ) –

$ 1,855,458 $ 100

Shares issued and outstanding, no par value, unlimited amount authorized 100,000 2

Net asset value per share $ 18.55 $ 50.00

The accompanying

notes are an integral part of the Financial Statements.

OF CHANGES IN NET ASSETS

The accompanying notes are an integral part of the financial

21SHARES DOGECOIN ETF

SCHEDULE OF INVESTMENT

March 31, 2026* (Unaudited)

% of Net Assets

Investment in Dogecoin 20,163,410.8951 $ 2,490,237 $ 1,855,639 100 .01 %

Total investments 20,163,410.8951 $ 2,490,237 $ 1,855,639 100 .01 %

Liabilities in excess of other assets ( 181 ) ( 0.01 )%

Net assets $ 1,855,458 100.00 %

* No prior comparative financial statements has been provided as the Trust did not hold investments in Dogecoin as of September 30, 2025.

The accompanying notes are an integral part of the financial statements.

21SHARES DOGECOIN ETF

STATEMENTS OF OPERATIONS

March 31, 2026*

Sponsor Fee $ 1,735 $ 1,735

Total expenses 1,735 1,735

Net investment loss ( 1,735 ) ( 1,735 )

Realized and change in unrealized gain (loss)

Net realized loss on investment in Dogecoin sold to pay Sponsor Fee ( 507 ) ( 507 )

Net change in unrealized depreciation on investment in Dogecoin ( 634,598 ) ( 634,598 )

Net change in unrealized gain on Sponsor Fee payable 147 147

Net realized and change in unrealized loss ( 634,958 ) ( 634,958 )

Net decrease in net assets resulting from operations $ ( 636,693 ) $ ( 636,693 )

* No prior comparative financial statements have been provided as this is the first fiscal year of the Trust’s investment operations.

The accompanying notes are an integral part

of the financial statements.

21SHARES DOGECOIN ETF

STATEMENTS OF CHANGES IN NET ASSETS

Three Months Ended

Six Months Ended

March 31, 2026*

Net assets, beginning of period $ - $ 100

1 unchanged sentence

Distributions for Shares redeemed - ( 100 )

Net investment loss ( 1,735 ) ( 1,735 )

Net realized loss on investment in Dogecoin sold to pay Sponsor Fee ( 507 ) ( 507 )

Net change in unrealized depreciation on investment in Dogecoin ( 634,598 ) ( 634,598 )

Net change in unrealized gain on Sponsor Fee payable 147 147

Net assets, end of period $ 1,855,458 $ 1,855,458

issued and redeemed

Shares issued and redeemed

Shares issued 100,000 100,000

Shares redeemed – ( 2 )

Net increase (decrease) in Shares issued and outstanding ( 2 )

* No comparative statement has been provided as this is the first fiscal year of the Trust’s operations.

accompanying notes are an integral part of the Financial Statements.

Net increase in Shares issued 100,000 99,998

* No prior comparative financial

statements have been provided as this is the first fiscal year of the Trust’s investment operations.

The accompanying notes are an integral part

of the financial statements.

to Financial Statements (Unaudited)

The 21Shares Dogecoin ETF (the “Trust”) is a Maryland statutory trust, formed on April 1, 2025, pursuant to the Maryland Statutory Trust Act (“MSTA”).

The Trust was initially registered with the name of Jura Pentium Trust 10.

The Trust changed its name from Jura Pentium Trust 10 to 21Shares Dogecoin ETF on April 7, 2025.

The Trust operates pursuant to an Amended and Restated Trust Agreement (the “Trust Agreement”).

Wilmington Trust, N.A., a Maryland trust company, is the trustee of the Trust (the “Trustee”).

The Trust is managed and controlled by 21Shares US LLC (the “Sponsor”).

The Sponsor is a limited liability company formed in the state of Delaware on June 16, 2021, and is a wholly owned subsidiary of Jura Pentium Inc.

In November 2025, 21co Holdings Limited, Jura Pentium Inc.’s former ultimate parent company, was acquired by FalconX Holdings Limited, which became the ultimate parent of Jura Pentium Inc.

and the Sponsor.

On April 7, 2025, the Trust’s sponsor, 21Shares US LLC (the “Sponsor”) caused a Certificate of Amendment to the Trust’s Certificate of Trust to be filed with the Secretary of the State of Maryland in order to change the name of the Trust from “Jura Pentium Trust 10” to “21Shares Dogecoin ETF”.

The Trust is managed and controlled by the Sponsor.

The Sponsor is a limited liability company formed in the state of Delaware on June 16, 2021, and is a wholly owned subsidiary of 21co Holdings Limited.

The ultimate parent company of 21co Holdings Limited is FalconX Holdings Limited (“FalconX”).

Coinbase Custody Trust Company, LLC (“Coinbase”), Anchorage Digital Bank N.A.

(“Anchorage”), and BitGo Bank & Trust, N.A.

(“BitGo” and together with Coinbase and Anchorage, as the context may require, the “Custodian”, “Custodians” and each a “Custodian”) are the custodians for the Trust and hold all of the Trust’s dogecoin on the Trust’s behalf.

(“BitGo” and together with Coinbase and Anchorage, as the context may require, the “Dogecoin Custodian”, “Custodians” and each a “Dogecoin Custodian”) are the custodians for the Trust and hold all of the Trust’s Dogecoin tokens, the native digital asset of the Dogecoin blockchain (“Dogecoin”), on the Trust’s behalf.

The transfer agent (the “Transfer Agent”), the administrator for the Trust (the “Administrator”), and the cash custodian (the “Cash Custodian”), is Bank of New York Mellon.

The Trust is a passive investment vehicle that does not seek to generate returns beyond tracking the price of dogecoin tokens, the native digital asset of the Dogecoin blockchain (“Dogecoin”).

House of Doge Inc., the corporate arm of the Dogecoin Foundation (the “Service Provider”), provides assistance to the Trust and the Sponsor with certain functions and duties related to marketing, including marketing, licensing, strategy and related services.

The Trust is an exchange-traded fund that issues units of beneficial interest (the “Shares”) representing fractional undivided beneficial interests in its net assets that trade on the Nasdaq Stock Market LLC (the “Exchange”).

The Trust is an exchange-traded fund (“ETF”) that issues common shares of beneficial interest (the “Shares”) representing fractional undivided beneficial interests in its net assets that trade on the Nasdaq Stock Market LLC (the “Exchange”).

The Shares are listed for trading on the Exchange under the ticker symbol “TDOG”.

3 unchanged sentences

The Pricing Benchmark is designed to reflect the performance of Dogecoin in U.S.

In seeking to achieve its investment objective, the Trust will hold Dogecoin at its Custodians and will value its Shares daily based on the Pricing Benchmark.

In seeking to achieve its investment objective, the Trust holds Dogecoin at its Custodians and values its Shares daily based on the Pricing Benchmark.

The Trust is an “emerging growth company” as that term is used in the Securities Act, and, as such, the Trust may elect to comply with certain reduced public company reporting requirements.

On September 17, 2025, the Sponsor, in its capacity as the Seed Capital Investor, subject to conditions, purchased the initial Seed Creation Baskets comprising 2 Shares at a per-Share price of $ 50.00 .

Total proceeds to the Trust from the sale of these initial Seed Creation Baskets were $ 100 .

Delivery of the initial Seed Creation Baskets was made on September 17, 2025.

The Statement of Assets and Liabilities on December 31, 2025, has been prepared on behalf of the Trust and is unaudited.

In the opinion of management of the Sponsor of the Trust, all adjustments (which include normal recurring adjustments) necessary to present fairly the financial position and results of operations for the period ended December 31, 2025, have been made.

The Trust had no operations other than the initial seed capital transaction.

The fiscal year-end of the Trust is September 30.

On September 17, 2025, the Sponsor, in its capacity as the seed capital investor (the “Seed Capital Investor”), subject to conditions, purchased two Shares at a per-Share price of $ 50.00 (the “Initial Seed Shares”).

Total proceeds to the Trust from the sale of the Initial Seed Shares were $ 100 .

Delivery of the Initial Seed Shares was made on September 17, 2025.

On October 15, 2025, the Sponsor redeemed the Initial Seed Shares for $ 100 .

On January 21, 2026 (the “Seed Capital Purchase Date”), the Sponsor, in its capacity as Seed Capital Investor, purchased the initial Baskets comprising 60,000 Shares (the “Initial Seed Creation Baskets”) at a per-share price of $ 25.66 .

In its capacity as the Seed Capital Investor, the Sponsor has acted as a statutory underwriter in connection with such purchase.

The total proceeds to the Trust from the sale of the Initial Seed Creation Baskets were $ 1,539,463 .

On January 21, 2026, the Trust purchased Dogecoin with the proceeds of the Initial Seed Creation Baskets by transacting with a designated third party, who may be an Authorized Participant or an affiliate of an Authorized Participant, and with whom the Sponsor has entered into an agreement on behalf of the Trust (each such third party, a ” Dogecoin Counterparty”) to acquire Dogecoin on behalf of the Trust in exchange for cash provided by the Sponsor in its capacity as Seed Capital Investor.

All Dogecoin acquired in connection with the Initial Seed Creation Baskets is held by one or more of the Dogecoin Custodians.

The statements of assets and liabilities and schedule of investment on March 31, 2026 and September 30, 2025, and the statements of operations, and changes in net assets for the three and six months ended March 31, 2026 have been prepared on behalf of the Trust and are unaudited.

In addition, interim period results are not necessarily indicative of results for a full-year period.

The fiscal year-end of the Trust is September 30 th .

Significant Accounting Policies

1 unchanged sentence

The financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP” or “GAAP”).

The Trust qualifies as an investment company solely for accounting purposes and not for any other purpose and follows the accounting and reporting guidance under the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 946, Financial Services - Investment Companies, but is not registered, and is not required to be registered, as an investment company under the Investment Company Act of 1940, as amended.

The Trust uses fair value as its method of accounting for Dogecoin in accordance with its classification as an investment company for accounting purposes.

Accounting Estimates

The preparation of the financial statements in conformity with US GAAP requires the Trust to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.

21 unchanged sentences

Unobservable inputs, including the Trust’s assumptions used in determining the fair value of investments, where there is little or no market activity for the asset or liability at the measurement date.

The following table presents information about the Trust’s assets measured at fair value as of March 31, 2026 (Unaudited):

Amount at Fair Value Measurement Using

Fair Value Level 1 Level 2 Level 3

March 31, 2026 (Unaudited)*

Investment in Dogecoin $ 1,855,639 $ 1,855,639 $ – $ –

* There was no Dogecoin holdings as of September 30, 2025.

The cost basis of the investment in Dogecoin recorded by the Trust for financial reporting purposes is the fair value of Dogecoin at the time of purchase.

The cost basis recorded by the Trust may differ from proceeds collected by the Authorized Participant from the sale of the corresponding Shares to investors.

Investment Transactions

The Trust considers investment transactions to be the receipt of Dogecoin for Share creations and the delivery of Dogecoin for Share redemptions or for payment of expenses in Dogecoin.

The Trust records its investments transactions on a trade date basis and changes in fair value are reflected as net change in unrealized appreciation or depreciation on investments.

The Trust records its investment transactions on a trade date basis and changes in fair value are reflected as net change in unrealized appreciation or depreciation on investments.

Realized gains and losses are calculated using the specific identification method.

Realized gains and losses are recognized in connection with transactions including redemption of shares and settling obligations for the Sponsor’s fee in Dogecoin.

Realized gains and losses are recognized in connection with transactions including redemption of shares and settling obligations for the Sponsor Fee in Dogecoin.

Calculation of NAV and NAV per Share

On each day other than when the Exchange is closed for regular trading (a “Business Day”), as soon as practicable after 4:00 p.m.

ET, the NAV of the Trust is obtained by subtracting all accrued fees, expenses and other liabilities of the Trust from the fair value of the Dogecoin and other assets held by the Trust.

The Trustee computes the NAV per Share by dividing the NAV of the Trust by the number of Shares outstanding on the date the computation is made.

ET , the NAV of the Trust is obtained by subtracting all accrued fees, expenses and other liabilities of the Trust from the fair value of the Dogecoin and other assets held by the Trust based on the Pricing Benchmark price.

The Administrator computes the NAV per Share by dividing the NAV of the Trust by the number of Shares outstanding on the date the computation is made.

Federal Income Taxes

1 unchanged sentence

federal income tax purposes.

Although not free from doubt due to the lack of directly governing authority, if the Trust operates as expected, the Trust should be classified as a “grantor trust” for U.S.

federal income tax purposes and the Trust itself should not be subject to U.S.

federal income tax.

Each beneficial owner of Shares will be treated as directly owning its pro rata Share of the Trust’s assets and a pro rata portion of the Trust’s income, gain, losses and deductions passed through to each beneficial owner of Shares.

Each beneficial owner of Shares will be treated as directly owning its pro rata Share of the Trust’s assets and will be treated as if it directly received a pro rata portion of the Trust’s income, gain, losses and deductions.

If the Trust sells Dogecoin (for example, to pay fees or expenses), such a sale is a taxable event to shareholders of the Trust (“Shareholders”).

Upon a Shareholder’s sale of its Shares, the Shareholder will be treated as having sold the pro rata share of the Dogecoin held in the Trust at the time of the sale and may recognize gain or loss on such sale.

The Sponsor has reviewed the tax positions as of December 31, 2025, and has determined that no provision for income tax is required in the Trust’s financial statements.

Upon a Shareholder’s sale of its Shares, the Shareholder will be treated as having sold the pro rata share of the Dogecoin held in the Trust at the time of the sale and recognizes gain or loss on such sale.

The Sponsor has reviewed the tax positions as of March 31, 2026 and September 30, 2025, and has determined that no provision for income tax is required in the Trust’s financial statements.

Segment Reporting

4 unchanged sentences

The financial information that the CODM leverages to assess the segment’s performance and to make decisions for the Trust’s single segment is consistent with the financial information that is presented within the Trust’s financial statements.

Segment assets are reflected on the accompanying Statement of Assets and Liabilities as Total assets.

Segment assets are reflected on the accompanying Statements of Assets and Liabilities as Total assets and the only significant segment expense, the Sponsor Fee, is included in the accompanying Statements of Operations.

Fair Value of Dogecoin

The following represents the changes in quantity of Dogecoin and the fair value for the three months ended and six months ended March 31, 2026 (Unaudited)*:

Dogecoin Fair Value

Beginning balance as of January 1, 2026 – $ –

Dogecoin purchased 20,178,910.8951 2,492,151

Dogecoin sold to pay Sponsor Fee ( 15,500.0000 ) ( 1,407 )

Net realized loss on investment in Dogecoin sold to pay Sponsor Fee – ( 507 )

Change in unrealized depreciation on investment in Dogecoin – ( 634,598 )

Ending balance as of March 31, 2026 20,163,410.8951 $ 1,855,639

Dogecoin Fair Value

Beginning balance as of October 1, 2025 – $ –

Dogecoin purchased 20,178,910.8951 2,492,151

Dogecoin sold to pay Sponsor Fee ( 15,500.0000 ) ( 1,407 )

Net realized loss on investment in Dogecoin sold to pay Sponsor Fee – ( 507 )

Change in unrealized depreciation on investment in Dogecoin – ( 634,598 )

Ending balance as of March 31, 2026 20,163,410.8951 $ 1,855,639

* No comparative table has been provided as the Trust commenced investment operations on January 21, 2026.

Trust Expenses

1 unchanged sentence

The Sponsor Fee is paid by the Trust to the Sponsor as compensation for services performed under the Trust Agreement.

The Administrator calculates the Sponsor Fee on a daily basis by applying a 0.50 % annualized rate to the Trust’s NAV, and the amount of Dogecoin payable in respect of each daily accrual is determined by reference to the Pricing Benchmark.

The Sponsor Fee accrues daily and is payable in Dogecoin weekly in arrears.

Operating expenses assumed by the Sponsor include (i) fees and other payments to the Service Provider, (ii) the fee payable to the marketing agent for services it provides to the Trust (the “Marketing Fee”), (iii) fees to the Administrator, if any, (iv) fees to the Custodians, (v) fees to the Transfer Agent, (vi) fees to the Trustee, (vii) the fees and expenses related to any future listing, trading or quotation of the Shares on any listing exchange or quotation system (including legal, marketing and audit fees and expenses), (viii) ordinary course legal fees and expenses but not litigation-related expenses, (ix) audit fees, (x) regulatory fees, including, if applicable, any fees relating to the registration of the Shares under the Securities Act or the Exchange Act, (xi) printing and mailing costs, (xii) costs of maintaining the Sponsor’s website and (xiii) applicable license fees (each, a “Sponsor-paid Expense,” and together, the “Sponsor-paid Expenses”), provided that any expense that qualifies as an Additional Trust Expense will be deemed to be an Additional Trust Expense and not a Sponsor-paid Expense.

The Administrator calculates the Sponsor Fee on a daily basis by applying an annualized rate to the Trust’s NAV, and the amount of Dogecoin payable in respect of each daily accrual is determined by reference to the Pricing Benchmark.

The Sponsor has agreed to pay all operating expenses (except for litigation expenses and other extraordinary expenses) out of the Sponsor Fee.

The Trust incurred Sponsor Fee for the six-month period ended March 31, 2026 of $ 1,735 , which began to accrue on January 21, 2026 when the Trust commenced investment operations.

The accrued liability as of March 31, 2026 was $ 181 .

As partial consideration for receipt of the Sponsor Fee, the Sponsor shall assume and pay all fees and other expenses incurred by the Trust in the ordinary course of its affairs, excluding taxes, but including (i) fees and other payments to the Service Provider, (ii) the fee payable to the marketing agent for services it provides to the Trust (the “Marketing Fee”), (iii) fees to the Administrator, if any, (iv) fees to the Custodians, (v) fees to the Transfer Agent, (vi) fees to the Trustee, (vii) the fees and expenses related to any future listing, trading or quotation of the Shares on any listing exchange or quotation system (including legal, marketing and audit fees and expenses), (viii) ordinary course legal fees and expenses but not litigation-related expenses, (ix) audit fees, (x) regulatory fees, including, if applicable, any fees relating to the registration of the Shares under the Securities Act or the Securities Exchange Act of 1934, as amended (the “Exchange Act”), (xi) printing and mailing costs, (xii) costs of maintaining the Sponsor’s website and (xiii) applicable license fees (each, a “Sponsor-paid Expense,” and together, the “Sponsor-paid Expenses”), provided that any expense that qualifies as an Additional Trust Expense will be deemed to be an Additional Trust Expense and not a Sponsor-paid Expense.

There is currently no predetermined cap on the aggregate amount of Sponsor-paid expenses.

Should the Trust implement a predetermined cap on aggregate Sponsor-paid expenses, the Trust will notify the owners of the beneficial interests of Shares in a prospectus supplement or in its periodic Exchange Act reports, as applicable, and on the Sponsor’s website.

The Sponsor will not, however, assume certain extraordinary, non-recurring expenses that are not Sponsor-paid Expenses, including, but not limited to, taxes and governmental charges, expenses and costs of any extraordinary services performed by the Sponsor (or any other service provider) on behalf of the Trust to protect the Trust or the interests of Shareholders, any indemnification of a Dogecoin Custodian, Administrator or other agents, service providers or counter-parties of the Trust, the fees and expenses related to the listing, and extraordinary legal fees and expenses, including any legal fees and expenses incurred in connection with litigation, regulatory enforcement or investigation matters (collectively, “Additional Trust Expenses”).

The Sponsor will not, however, assume certain extraordinary, non-recurring expenses that are not Sponsor-paid Expenses, including, but not limited to, taxes and governmental charges, expenses and costs of any extraordinary services performed by the Sponsor (or any other service provider) on behalf of the Trust to protect the Trust or the interests of Shareholders, any indemnification of the Custodians, Administrator or other agents, service providers or counter-parties of the Trust, the fees and expenses related to the listing, and extraordinary legal fees and expenses, including any legal fees and expenses incurred in connection with litigation, regulatory enforcement or investigation matters (collectively, “Additional Trust Expenses”).

Of the Sponsor-paid Expenses, ordinary course legal fees and expenses are subject to a cap of $ 100,000 per annum.

In the Sponsor’s sole discretion, all or any portion of a Sponsor-paid Expense may be re-designated as an Additional Trust Expense if, among other reasons, the Sponsor determines that a Sponsor-paid Expense is an extraordinary, non-recurring expense of the Trust.

4 unchanged sentences

Creation and Redemption of Shares

The Trust creates and redeems Shares on a continuous basis but only in blocks consisting of 10,000 Shares (a “Basket”) or multiples thereof on the NAV of the date of the creation or redemption.

The Trust creates and redeems Shares on a continuous basis but only in one or more Creation Baskets (other than in the case of the Initial Seed Shares) consisting of 10,000 Shares or multiples thereof at the NAV on the date of the creation or redemption.

Only Authorized Participants, which are registered broker-dealers who have entered into written agreements with the Sponsor and the Administrator, can place orders.

Authorized Participants may purchase Shares in cash by depositing cash in the Trust’s account with the Cash Custodian.

This will cause the Sponsor, on behalf of the Trust, to automatically instruct a designated third party, who may be an Authorized Participant or an affiliate of an Authorized Participant, and with whom the Sponsor has entered into an agreement on behalf of the Trust (each such third party, a “Dogecoin Counterparty”), to (i) purchase the amount of Dogecoin equivalent in value to the cash deposit amount associated with the order and (ii) deposit the resulting Dogecoin amount in the Trust’s accounts with the Dogecoin Custodians, resulting in the Transfer Agent crediting the applicable amount of Shares to the Authorized Participant.

This will cause the Sponsor, on behalf of the Trust, to automatically instruct a Dogecoin Counterparty, to (i) purchase the amount of Dogecoin equivalent in value to the cash deposit amount associated with the order and (ii) deposit the resulting Dogecoin amount in the Trust’s accounts with the Dogecoin Custodians, resulting in the Transfer Agent crediting the applicable amount of Shares to the Authorized Participant.

Authorized Participants may also purchase Shares in-kind.

To purchase Shares in-kind, an Authorized Participant delivers, or arranges for the delivery by the Authorized Participant’s designee of, Dogecoin to the Trust’s accounts with a Dogecoin Custodian in exchange for Shares.

When such an Authorized Participant redeems its Shares in cash, the Sponsor, on behalf of the Trust will direct a Dogecoin Custodian to transfer Dogecoin to an Dogecoin Counterparty, who will sell the Dogecoin to be executed, in the Sponsor’s reasonable efforts, at the Pricing Benchmark price used to calculate the Trust’s NAV, taking into account any spread, commissions, or other trading costs and deposit the cash proceeds of such sale in the Trust’s account with the Cash Custodian for settlement with the Authorized Participant.

When such an Authorized Participant redeems its Shares in cash, the Sponsor, on behalf of the Trust will direct a Dogecoin Custodian to transfer Dogecoin to a Dogecoin Counterparty, who will sell the Dogecoin to be executed, in the Sponsor’s reasonable efforts, at the Pricing Benchmark price used to calculate the Trust’s NAV, taking into account any spread, commissions, or other trading costs and deposit the cash proceeds of such sale in the Trust’s account with the Cash Custodian for settlement with the Authorized Participant.

Any slippage incurred (including, but not limited to, any trading fees, spreads, or commissions), on a cash equivalent basis, will be the responsibility of the Authorized Participant and not of the Trust or Sponsor.

1 unchanged sentence

When such an Authorized Participant redeems Shares in-kind, the Trust, through a Dogecoin Custodian, will deliver Dogecoin to the Authorized Participant or its designee in exchange for Shares.

On October 15, 2025, the Sponsor redeemed the 2 Shares for $ 100 .

2026 * Six Months

(Unaudited) (Unaudited)

Activity in Capital Shares:

Shares issued 100,000 100,000

Shares redeemed – ( 2 )

Net Change in Capital Shares 100,000 99,998

* No prior comparative period presented as this is the first fiscal year of the Trust’s investment operations.

2026 * Six Months

(Unaudited) (Unaudited)

Activity in Capital Transactions:

Contributions for shares issued $ 2,492,151 $ 2,492,151

Distributions for shares redeemed – ( 100 )

Net Change in Capital Transactions $ 2,492,151 $ 2,492,051

* No prior comparative period is presented as this is the first fiscal year of the Trust’s investment operations.

Dogecoin purchased payable represents the quantity of Dogecoin purchased for the creation of Shares where the Dogecoin has not yet settled.

Generally, Dogecoin is transferred within two Business Days of the trade date.

As of December 31, 2025, the Trust held $ 0 of Dogecoin in purchased payables.

2026 September 30,

Dogecoin purchased payable $ – $ –

Dogecoin sold receivable represents the quantity of Dogecoin sold for the redemption of Shares where the Dogecoin has not yet been settled.

Generally, Dogecoin is transferred within two Business Days of the trade date.

As of December 31, 2025, the Trust held $ 0 of Dogecoin in sold receivables.

2026 September 30,

Dogecoin sold receivable $ – $ –

Related Parties

1 unchanged sentence

The Trust’s operations are supported by its Sponsor, who is in turn supported by its parent company and affiliated companies and external service providers.

As of September 30, 2025, the Sponsor owned 2 Shares of the Trust.

As of December 31, 2025, the Sponsor owned 0 Shares of the Trust.

As of September 30, 2025, the Sponsor owned two Shares of the Trust.

On October 15, 2025, the Sponsor redeemed the two Shares for $ 100 .

On January 21, 2026, 21Shares US LLC, in its capacity as Seed Capital Investor, purchased the Initial Seed Creation Baskets comprising 60,000 Shares at a price of $ 25.66 per Share.

As of March 31, 2026, the Sponsor owned 60,000 Shares of the Trust.

The Sponsor arranged for the creation of the Trust and is responsible for the ongoing registration of the Shares for their public offering in the United States and the listing of Shares on the Exchange.

Financial Highlights*

Per Share Performance (for a Share outstanding throughout each period presented) Six Months

Net asset value per Share, beginning of period $ 25.66 (1)

Net investment income (loss) on investment in Dogecoin (2) ( 0.02 )

Net realized and change in unrealized gain(loss) on investment in Dogecoin (3) ( 7.09 )

Net change in net assets from operations ( 7.11 )

Net asset value per Share, end of period $ 18.55

Total return, at net asset value (4) ( 27.71 )%

Ratio to average net assets (5)

Net investment income (loss) ( 0.50 )% (6)

Gross expenses 0.50 % (6)

Net expenses 0.50 % (6)

* No prior comparative period is presented as this is the first fiscal year of the Trust’s investment operations.

(1) The amount represents the NAV per Share on January 21, 2026, commencement of investment operations.

(2) Calculated using average Shares outstanding method.

(3) The amount shown for a Share outstanding throughout the period may not agree with the change in the aggregate gains and losses for such period because of the timing of sales and repurchases of the Trust’s Shares in relation to fluctuating market value for the Trust.

(4) Total return is calculated based on the change in the value during the period and is not annualized.

An individual shareholder’s total return and ratio may vary from the above total returns and ratios based on the timing of contributions to and withdrawals from the Trust.

(5) Annualized.

(6) Calculated based on average net assets starting on January 21, 2026, commencement of investment operations.

Commitments and Contingent Liabilities

17 unchanged sentences

Subsequent Events

On January 21, 2026 (the “Seed Capital Purchase Date”), 21Shares US LLC, in its capacity as Seed Capital Investor, purchased the initial Seed Creation Baskets comprising 60,000 Shares (the “Initial Seed Creation Baskets”) at a price of approximately $ 25.00 per Share.

In its capacity as the Seed Capital Investor, 21Shares US LLC has acted as a statutory underwriter in connection with this purchase.

The total proceeds to the Trust from the sale of the Initial Seed Creation Baskets were approximately $ 1,500,000 .

On January 21, 2026, the Trust purchased Dogecoin with the proceeds of the Initial Seed Creation Baskets by transacting with a Dogecoin Counterparty to acquire Dogecoin on behalf of the Trust in exchange for cash provided by 21Shares US LLC in its capacity as Seed Capital Investor.

All Dogecoin acquired in connection with the Initial Seed Creation Baskets is held by the Dogecoin Custodians.

On January 22, 2026, the Trust commenced operations and the Trust’s shares were listed for trading under the ticker symbol “TDOG” on the Exchange.

The Trust has evaluated all subsequent events through the issuance of the financial statements and has noted no other events requiring adjustment or additional disclosure in the financial statements other than the items noted above.

The Trust has evaluated all subsequent events through the issuance of the financial statements and has noted no events requiring adjustment or additional disclosure in the financial statements.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 1. Financial Statements