21Shares Dogecoin ETF 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds a) None. b) Not applicable. c) On September 17, 2025, the Sponsor, in its capacity as Seed Capital Investor, subject to conditions, purchased the Initial Seed Shares comprising 2 Shares at a per-Share price of $50.00. 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. Proceeds received by the Trust from the issuance of Baskets consist of Dogecoin. Such deposits are held by the Custodians on behalf of the Trust until (i) delivered out in connection with redemptions of Baskets; or (ii) transferred or sold by the Sponsor, which may be facilitated by the Custodians, to pay fees due to the Sponsor and Trust expenses and liabilities not assumed by the Sponsor Period Total Shares Redeemed Average Price Per Share Maximum number of shares that may yet be purchased January 1, 2026 – January 31, 2026 - $ - N/A February 1, 2026 – February 28, 2026 - $ - N/A March 1, 2026 - March 31, 2026 - $ - N/A Market Information The Shares are listed on the Exchange under the symbol “TDOG” and have been listed since January 22, 2026. Holders As of March 31, 2026, there was approximately one DTC participating shareholder of record of the Trust. Because most of the Trust’s Shares are held by brokers and other institutions on behalf of shareholders, we are unable to estimate the total number of shareholders represented by these record holders. 17 Item 3. Defaults Upon Senior Securities None. Item 4. Mine Safety Disclosures Not applicable.