{"url_path":"/sec/tdog/10-q/2026/cover-page","section_key":"cover-page","section_title":"Cover Page","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-13","source_url":"https://www.sec.gov/Archives/edgar/data/2064314/0001213900-26-055923-index.html","accession_number":"0001213900-26-055923","cik":"0002064314","ticker":"TDOG","issuer_name":"21Shares Dogecoin ETF","edgar_url":"https://www.sec.gov/Archives/edgar/data/2064314/0001213900-26-055923-index.html","primary_entity_key":"0002064314","primary_entity_name":"21Shares Dogecoin ETF"},"word_count":1424,"has_tables":true,"body_markdown":"tdog-20260331\n\nhttp://fasb.org/srt/2026#ChiefExecutiveOfficerMember\n\nP2D\nP2D\nUnlimited\nUnlimited\n\n2\n2\nfalse\nQ2\n0002064314\n--09-30\n\n0002064314\n\n2026-01-01\n2026-03-31\n\n0002064314\n\n2025-10-01\n2026-03-31\n\n0002064314\n\n2026-03-31\n\n0002064314\n\ntdog:SponsorMember\n\n2026-03-31\n\n0002064314\n\ntdog:SponsorMember\n\n2026-01-21\n2026-01-21\n\n0002064314\n\ntdog:SponsorMember\n\n2025-10-15\n2025-10-15\n\n0002064314\n\ntdog:SponsorMember\n\n2025-10-01\n2026-03-31\n\n0002064314\n\nus-gaap:FairValueInputsLevel1Member\n\n2026-03-31\n\n0002064314\n\ntdog:SponsorMember\ntdog:InitialSeedSharesMember\n\n2025-10-15\n2025-10-15\n\n0002064314\n\ntdog:SponsorMember\ntdog:InitialSeedSharesMember\n\n2025-09-17\n2025-09-17\n\n0002064314\n\n2025-09-30\n\n0002064314\n\ntdog:InvestmentInDogecoinMember\n\n2026-03-31\n\n0002064314\n\n2026-05-11\n\n0002064314\n\n2026-03-31\n2026-03-31\n\n0002064314\n\n2025-09-30\n2025-09-30\n\n0002064314\n\n2025-12-31\n\n0002064314\n\nus-gaap:FairValueInputsLevel2Member\n\n2026-03-31\n\n0002064314\n\nus-gaap:FairValueInputsLevel3Member\n\n2026-03-31\n\nxbrli:pure\n\niso4217:USD\n\nxbrli:shares\n\nxbrli:shares\n\niso4217:USD\n\ntdog:Segment\n\n \n\n \n\nUNITED STATES\n\nSECURITIES AND EXCHANGE COMMISSION\n\nWashington, D.C. 20549\n\n \n\n \n\n \n\nFORM 10-Q\n\n \n\n \n\n \n\n☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\n \n\nFor the quarterly period ended March 31, 2026\n\nor\n\n☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\n \n\nFor the transition period from___________ to____________\n\n \n\nCommission File Number 001-43049\n\n \n\n \n\n \n\n21Shares Dogecoin ETF\n\n(Exact Name of Registrant as Specified in Its Charter)\n\n \n\n \n\n \n\nMaryland 33-7038007\n\n(State or other jurisdiction of\n \n(I.R.S. Employer\n\nincorporation or organization)\n \nIdentification No.)\n\n \n\n158 W. 27th Street\n\nNew York, New York 10001\n\n(646) 370-6016\n\n(Address, including zip code, and telephone number,\nincluding area code, of registrant’s primary executive offices)\n\n \n\nSecurities registered pursuant to Section 12(b)\nof the Act:\n\n \n\nTitle of each class:\n \nTrading Symbol(s)\n \nName of each exchange on which registered:\n\nShares of Beneficial Interest of 21Shares Dogecoin ETF TDOG The Nasdaq Stock Market LLC\n\n \n\nSecurities registered or to be registered pursuant to Section 12(g)\nof the Act: None.\n\n \n\nIndicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. ☒ Yes ☐ No\n\n \n\nIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). ☒ Yes ☐ No\n\n \n\nIndicate by check mark whether the registrant is a large accelerated\nfiler, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions\nof “large accelerated filer”, “accelerated filer”, “smaller reporting company” and “emerging\ngrowth company” in Rule 12b-2 of the Exchange Act.\n\n \n\nLarge Accelerated Filer\n☐\nAccelerated Filer\n☐\n\nNon-Accelerated Filer☒Smaller Reporting Company☒\n\nEmerging Growth Company☒  \n\n \n\nIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided in Section 13(a) of the Exchange Act. ☐\n\n \n\nIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act.). ☐ Yes ☒ No\n\n \n\nThe registrant had 190,000 outstanding shares as of May 11, 2026.\n\n \n\n \n\n \n\n \n\n \n\n \n\nSTATEMENT REGARDING FORWARD-LOOKING\nSTATEMENTS\n\n \n\nThis quarterly report on Form\n10-Q includes “forward-looking statements” that generally relate to future events or future performance. In some cases, you\ncan identify forward-looking statements by terminology such as “may,” “will,” “should,” “expect,”\n“intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,”\n“potential” or the negative of these terms or other comparable terminology. All statements (other than statements of historical\nfact) included in this report that address activities, events or developments that will or may occur in the future, including such matters\nas movements in the digital asset markets and indexes that track such movements, the operations of 21Shares Dogecoin ETF (the “Trust”),\nthe plans of 21Shares US LLC (the “Sponsor”), as the sponsor of the Trust, and references to the Trust’s future success\nand other similar matters, are forward-looking statements. These statements are only predictions. Actual events or results may differ\nmaterially. These statements are based upon certain assumptions and analyses the Sponsor and House\nof Doge Inc., the corporate arm of the Dogecoin Foundation (the “Service Provider”), have made based on their perception of\nhistorical trends, current conditions and expected future developments, as well as other factors appropriate in the circumstances.\n\n \n\nWhether or not actual results\nand developments will conform to the Sponsor’s and the Service Provider’s expectations and predictions, however, is subject\nto a number of risks and uncertainties, including the special considerations discussed in this report, general economic, market and business\nconditions, changes in laws or regulations, including those concerning taxes, made by governmental authorities or regulatory bodies, and\nother world economic and political developments. Consequently, all the forward-looking statements made in this report are qualified\nby these cautionary statements, and there can be no assurance that actual results or developments the Sponsor and the Service Provider\nanticipate to occur will be realized or, even if substantially realized, that they will result in the expected consequences to, or have\nthe expected effects on, the Trust’s operations or the value of its common shares of beneficial interest (the “Shares”).\n\n \n\nShould one or more of these\nrisks discussed in “Risk Factors” herein or in Part I. Item 1A. “Risk Factors” in our Annual Report on Form 10-K\nfiled on March 16, 2026, for the period ended September 30, 2025 (the “Annual Report”), or other uncertainties materialize,\nor should underlying assumptions prove incorrect, actual outcomes may vary materially from those described in forward-looking statements.\nForward-looking statements are made based on the Sponsor’s and the Service Provider’s beliefs, estimates and opinions on the\ndate the statements are made, and neither the Trust, the Sponsor nor the Service Provider is under a duty or undertakes an obligation\nto update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, other than as required\nby applicable laws. Moreover, neither the Trust, the Sponsor, nor any other person assumes responsibility for the accuracy and completeness\nof any of these forward-looking statements. Investors are therefore cautioned against placing undue reliance on forward-looking statements.\n\n \n\nEmerging\nGrowth Company\n\n \n\nThe\nTrust is an “emerging growth company” as defined in the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”).\nFor as long as the Trust is an emerging growth company, unlike other public companies, it will not be required to, among other things:\n(i) provide an auditor’s attestation report on management’s assessment of the effectiveness of our system of internal\ncontrol over financial reporting pursuant to Section 404(b) of the Sarbanes-Oxley Act of 2002; or (ii) comply with any new audit\nrules adopted by the Public Company Accounting Oversight Board after April 5, 2012, unless the U.S. Securities and Exchange Commission\n(“SEC”) determines otherwise.\n\n \n\nThe\nTrust will cease to be an “emerging growth company” upon the earliest of: (i) it having $1.235 billion or more in\nannual gross revenues, (ii) the date on which the Trust is deemed to be a “large accelerated filer” (iii) it\nissuing more than $1.0 billion of non-convertible debt over a three-year period, or (iv) the last day of the fiscal\nyear following the fifth anniversary of its initial public offering.\n\n \n\nIn\naddition, Section 107 of the JOBS Act also provides that an emerging growth company can take advantage of the extended transition\nperiod provided in Section 7(a)(2)(B) of the Securities Act of 1933, as amended (the “Securities Act”), for complying\nwith new or revised accounting standards. In other words, an emerging growth company can delay the adoption of certain accounting standards\nuntil those standards would otherwise apply to private companies. The Trust intends to take advantage of the benefits of the extended\ntransition period.\n\n \n\n \n\n \n\n \n\n21Shares\nDogecoin ETF\n\n \n\nTable of Contents\n\n \n\nPage\n\n \n \n\n[Part I. FINANCIAL INFORMATION](#a_001)\n1\n\n \n \n\n[Item 1. Financial Statements (Unaudited)](#a_002)\n1\n\n[Statements of Assets and Liabilities at March 31, 2026 (Unaudited) and September 30, 2025](#a_003)\n1\n\n[Schedule of Investment at March 31, 2026 (Unaudited)](#a_004)\n2\n\n[Statements of Operations for the three months and six months ended March 31, 2026 (Unaudited)](#a_005)\n3\n\n[Statements of Changes in Net Assets for the three months and six months ended March 31, 2026 (Unaudited)](#a_006)\n4\n\n[Notes to Unaudited Financial Statements](#a_007)\n5\n\n[Item 2. Management’s Discussion and Analysis of Financial\nCondition and Results of Operations](#a_008)\n13\n\n[Item 3. Quantitative and Qualitative Disclosures About Market\nRisk](#a_009)\n15\n\n[Item 4. Controls and Procedures](#a_010)\n15\n\n \n \n\n[Part II. OTHER INFORMATION](#a_011)\n16\n\n \n \n\n[Item 1. Legal Proceedings](#a_012)\n16\n\n[Item 1A. Risk Factors](#a_013)\n16\n\n[Item 2. Unregistered Sales of Equity Securities and Use of\nProceeds](#a_014)\n17\n\n[Item 3. Defaults Upon Senior Securities](#a_015)\n18\n\n[Item 4. Mine Safety Disclosures](#a_016)\n18\n\n[Item 5. Other Information](#a_017)\n18\n\n[Item 6. Exhibits](#a_018)\n18\n\n[Signatures](#a_019)\n19\n\n \n\ni\n\n \n\n \n\nPART I – FINANCIAL INFORMATION:"}