21Shares Dogecoin ETF (TDOG) has updated its prospectus to change the index used to value the Trust and to modify when the Sponsor Fee is paid. Effective August 27, 2026, the Trust no longer uses the CF Dogecoin‑Dollar US Settlement Price Index and now tracks the FTSE Dogecoin Index as its Pricing Benchmark for NAV and NAV per Share.
The new FTSE benchmark is a 15‑second VWAP of Dogecoin‑USD prices over a 60‑minute window ending at 4:00 p.m. ET, with trade‑ and exchange‑level outlier filters and eligibility criteria for Constituent Exchanges. As of July 31, 2026, its main input venues were Bitstamp and Kraken, which together represented over 96% of Pricing Benchmark volume. Historical tables show only small differences between the prior and new benchmarks over January–July 2026, though risk factors note that methodology and venue changes can cause the Trust’s NAV to diverge from what it would have been under the prior index.
The Sponsor Fee remains 0.50% annually, calculated daily on NAV, but is now payable in Dogecoin at least quarterly in arrears instead of weekly, while the Sponsor continues to pay substantially all ordinary operating expenses from this fee.
21Shares Dogecoin ETF (TDOG) reports several structural updates tied to its valuation benchmark and sponsor arrangements. 21Shares US LLC, the Sponsor, entered into a Benchmark Licensing Agreement with FTSE International Limited, under which the Trust will use the FTSE Dogecoin Index to value its shares and calculate net asset value beginning August 27, 2026, replacing the CF Dogecoin-Dollar US Settlement Price Index whose prior license terminates effective August 31, 2026. The FTSE license has an initial term of one year and renews automatically for one-year periods unless terminated.
The Trust also executed Amendment No. 1 to the Sponsor Agreement to change the timing of the Sponsor Fee payment from weekly in arrears to at least quarterly in arrears, payable in Dogecoin. In addition, the Sponsor and Wilmington Trust, N.A. entered into a Third Amended and Restated Trust Agreement to reflect the new benchmark, the revised fee timing, and other ministerial and technical revisions, which are stated not to materially impact the rights of the Trust or holders of shares.
21Shares Dogecoin ETF (symbol TDOG) reports that its sponsor, 21Shares US LLC, has entered into a new Benchmark Licensing Agreement with FTSE International Limited to use the FTSE Dogecoin Index as the fund’s pricing benchmark. Beginning August 27, 2026, the ETF will value its Shares and calculate net asset value using this FTSE Dogecoin Index instead of the CF Dogecoin-Dollar US Settlement Price Index.
The FTSE license has an initial one-year term and automatically renews annually unless terminated under its terms. The Trust also executed Amendment No. 1 to the Sponsor Agreement, changing payment of the Sponsor Fee from weekly in arrears to at least quarterly in arrears, still payable in Dogecoin. In addition, a Third Amended and Restated Trust Agreement was entered into to reflect the new benchmark, the revised Sponsor Fee timing, and other ministerial and technical updates, which are stated not to materially affect the Trust’s or shareholders’ rights.
21Shares Dogecoin ETF, an exchange-traded fund tracking the CF Dogecoin-Dollar US Settlement Price Index, filed a prospectus supplement that incorporates its quarterly report for the period ended June 30, 2026. Net assets were $2,761,536 with 190,000 shares outstanding and a net asset value of $14.53 per share.
The Trust held 38,262,002.6228 Dogecoin with a fair value of $2,761,751, reflecting Dogecoin’s decline from $0.12 on January 21, 2026 to $0.07 on June 30, 2026. NAV per share fell 21.67% in the quarter and 43.37% since commencement of operations, driven by unrealized depreciation on Dogecoin. Aggregate NAV increased as new Creation Baskets were issued. The Trust charges a unitary Sponsor Fee of 0.50% of NAV, paid in Dogecoin, and the Sponsor covers ordinary operating expenses. A change of pricing benchmark provider from CF Benchmarks to FTSE is planned effective August 31, 2026 and is not expected to materially affect valuation.
21Shares Dogecoin ETF, an exchange-traded grantor trust listed on Nasdaq under “TDOG”, reported net assets of $2,761,536 as of June 30, 2026, backed by 38,262,002.6228 Dogecoin with a fair value of $2,761,751. Shares outstanding rose to 190,000, but net asset value per share declined from $18.55 on March 31, 2026 to $14.53, a 21.67% drop for the quarter and 43.37% since operations began on January 21, 2026.
Performance was driven by Dogecoin’s price falling 22.22% during the quarter (from $0.09 to $0.07) and 41.67% since January 21, 2026 (from $0.12 to $0.07). For the three and nine months ended June 30, 2026, the ETF recorded net decreases in net assets from operations of $(848,081) and $(1,484,774), primarily due to unrealized depreciation on its Dogecoin holdings. The Trust charges a unitary 0.50% annual Sponsor Fee, incurred at $4,207 for the quarter. Management reported effective disclosure controls, no material legal proceedings, and plans to change its pricing benchmark provider from CF Benchmarks Ltd. to FTSE in late August 2026, which is not expected to materially affect NAV calculations.
21Shares Dogecoin ETF provided notice that it will terminate its licensing agreement with CF Benchmarks, effective August 31, 2026, and intends to enter a licensing agreement with FTSE International Limited on or about August 24, 2026. The Pricing Benchmark from CF Benchmarks currently is used to value the Trust’s shares and calculate its net asset value. The Sponsor described the change as part of a broader transition to a new benchmark provider; both CF Benchmarks and FTSE are stated as unaffiliated with the Sponsor. This Supplement attaches the Trust’s Form 8-K reporting the termination notice.
21Shares Dogecoin ETF reported that its sponsor, 21Shares US LLC, is terminating its existing licensing agreement with CF Benchmarks for the CF Dogecoin-Dollar US Settlement Price Index, effective August 31, 2026. This index is currently used to value the ETF’s shares and calculate its net asset value.
The sponsor plans to transition to a new benchmark provider and intends to enter a licensing agreement with FTSE International Limited on or about August 24, 2026. Under the expected FTSE agreement, FTSE would supply digital asset index data under a renewable one-year license to support and market the Trust.
21Shares Dogecoin ETF filed a prospectus supplement to include its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, filed with the SEC on May 13, 2026.
The Report shows net assets of $1,855,458 and a net asset value per share of $18.55 as of March 31, 2026. The Trust held 20,163,410.8951 Dogecoin with a fair value of $1,855,639 (cost $2,490,237), and reported a net decrease in net assets of $(636,693) for the period. The Sponsor fee is an annual 0.50%, accrued daily and payable in Dogecoin; accrued Sponsor Fee as of March 31, 2026 was $181. The filing also states there were 190,000 outstanding shares as of May 11, 2026.
21Shares Dogecoin ETF filed its first full quarterly report as a newly launched fund tracking Dogecoin. Net assets were $1,855,458 as of March 31, 2026, with 100,000 shares outstanding and a net asset value (NAV) per share of $18.55.
NAV per share fell from $25.66 at inception to $18.55, a total return of (27.71)% for the six months ended March 31, 2026. The Trust held 20,163,410.8951 Dogecoin tokens valued at $1,855,639 versus a cost basis of $2,490,237, driving unrealized depreciation of $634,598 and a net decrease in net assets from operations of $(636,693).
The ETF charges a unitary Sponsor Fee of 0.50% of NAV, totaling $1,735 for the period, and the sponsor pays substantially all ordinary operating expenses. The Trust is an emerging growth company, operates as a grantor trust for tax purposes, and remains highly concentrated in a single digital asset, Dogecoin.
21Shares Dogecoin ETF filed a prospectus supplement dated March 16, 2026 to include its Annual Report on Form 10-K. The Form 10-K covers the fiscal year ended September 30, 2025 and describes the Trust’s business, operations, custody arrangements and risks.
The Trust seeks to track Dogecoin via the CF Dogecoin-Dollar US Settlement Price Index and holds Dogecoin at third‑party custodians. The Sponsor charges a unitary fee of 0.50% of NAV. The Trust had 90,000 outstanding shares as of March 11, 2026 and began trading on Nasdaq on January 22, 2026.