Are FTSE and CF Benchmarks affiliated with the TDOG sponsor?

Both CF Benchmarks and FTSE International Limited are described as unaffiliated with 21Shares US LLC, the sponsor of the 21Shares Dogecoin ETF. Each acts purely as an external benchmark or index data provider under separate licensing agreements with the sponsor and the Trust.

21Shares Dogecoin ETF to change benchmark provider

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.

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Filing Sentiment

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Form Type

8-K

Rhea-AI Filing Summary

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.

Insights

TDOG is planning a benchmark transition from CF Benchmarks to FTSE for NAV calculation.

The filing explains that the 21Shares Dogecoin ETF will end its licensing agreement with CF Benchmarks, whose CF Dogecoin-Dollar US Settlement Price Index is currently used to value shares and calculate net asset value. Termination is effective August 31, 2026.

The sponsor intends to sign a new renewable one-year licensing agreement with FTSE International Limited on or about August 24, 2026, under which FTSE would provide digital asset index data. Actual effects on tracking and operations will depend on the specific FTSE index and methodology disclosed in later materials.

8-K Event Classification

Item 1.02 — Termination of a Material Definitive Agreement

1 item

Item 1.02 Termination of a Material Definitive Agreement Business

A significant contract was terminated, which may affect business operations or revenue.

Key Figures

CF Benchmarks license termination date: August 31, 2026 Planned FTSE license signing date: On or about August 24, 2026 License term structure: One-year initial term, auto-renewing

3 metrics

CF Benchmarks license termination date August 31, 2026 Effective date of Pricing Benchmark Licensing Agreement termination

Planned FTSE license signing date On or about August 24, 2026 Intended execution date for new FTSE index licensing agreement

License term structure One-year initial term, auto-renewing Applies to both CF Benchmarks and expected FTSE agreements

Key Terms

Material Definitive Agreement, Pricing Benchmark Licensing Agreement, CF Dogecoin-Dollar US Settlement Price Index, net asset value, +1 more

5 terms

Material Definitive Agreement regulatory

"Item 1.02 Termination of a Material Definitive Agreement."

A material definitive agreement is a legally binding contract that creates major, long‑term obligations or rights for a company, such as loans, asset sales, mergers, or supplier deals. Think of it like a mortgage or lease for a business: it can change future cash flow, risk and control, so investors watch these agreements closely because they can materially affect a company’s value, financial health and stock price.

Pricing Benchmark Licensing Agreement financial

"termination, effective August 31, 2026, of the licensing agreement (the “Pricing Benchmark Licensing Agreement”)"

CF Dogecoin-Dollar US Settlement Price Index financial

"relating to the use of the CF Dogecoin-Dollar US Settlement Price Index (the “Pricing Benchmark”)"

net asset value financial

"used to value the Trust’s shares on a daily basis and to calculate the Trust’s net asset value."

Net asset value is the total value of an investment fund's assets minus any liabilities, divided by the number of shares or units outstanding. It represents the per-share worth of the fund, similar to how the value of a house is determined by its total worth after debts are subtracted. Investors use it to gauge the true value of their holdings and to compare different investment options.

digital asset indices financial

"FTSE is experienced in calculating and administering digital asset indices."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did 21Shares Dogecoin ETF (TDOG) disclose in this 8-K filing?

21Shares Dogecoin ETF disclosed that its sponsor will terminate the existing licensing agreement with CF Benchmarks for the CF Dogecoin-Dollar US Settlement Price Index, and intends to transition to a new benchmark licensing agreement with FTSE International Limited later in 2026.

When will the CF Benchmarks licensing agreement for TDOG’s pricing index end?

The licensing agreement with CF Benchmarks will terminate effective August 31, 2026. Until that date, the CF Dogecoin-Dollar US Settlement Price Index continues to be used to value the ETF’s shares and calculate its net asset value on a daily basis under the current terms.

Which new benchmark provider is planned for 21Shares Dogecoin ETF (TDOG)?

The sponsor intends to enter a new licensing agreement with FTSE International Limited. FTSE would provide digital asset index data under a non-exclusive, worldwide license to support, maintain and market the Trust, replacing CF Benchmarks as the benchmark provider after the transition.

When is the new FTSE licensing agreement for TDOG expected to be signed?

The sponsor intends to sign a licensing agreement with FTSE International Limited on or about August 24, 2026. That agreement is expected to have a one-year initial term and automatically renew for successive one-year periods unless terminated according to its terms.

How is the current CF Benchmarks index used by 21Shares Dogecoin ETF?

The CF Dogecoin-Dollar US Settlement Price Index, calculated and administered by CF Benchmarks, is currently used to value the ETF’s shares each day and to calculate the Trust’s net asset value. CF Benchmarks is unaffiliated with the sponsor and provides this index under a licensing agreement.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/07/2026 - 04:29 PM EDT

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 30, 2026

21SHARES DOGECOIN ETF

(Exact name of registrant as specified in its charter)

Maryland		001-43049		33-7038007
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

158 W. 27^th Street
New York, New York		10001
(Address of principal executive offices)		(zip code)

Registrant’s telephone number, including area code: (646) 370-6016

(Former Name or Former Address, if Changed Since Last Report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Exchange Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Shares of Beneficial Interest of 21Shares Dogecoin ETF		TDOG		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☒

If 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 pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.02 Termination of a Material Definitive Agreement.

Benchmark Licensing Agreements

On June 30, 2026, 21Shares US LLC (the “Sponsor”) provided notice to CF Benchmarks Ltd. (“CF Benchmarks”) of the termination, effective August 31, 2026, of the licensing agreement (the “Pricing Benchmark Licensing Agreement”) between the Sponsor and CF Benchmarks relating to the use of the CF Dogecoin-Dollar US Settlement Price Index (the “Pricing Benchmark”) by the Sponsor, 21Shares Dogecoin ETF (the “Trust”), and their affiliates. Pursuant to the Pricing Benchmark Licensing Agreement, CF Benchmarks provides each of the Sponsor, the Trust, and their affiliates a non-exclusive, non-transferable, non-sub-licensable, perpetual, worldwide license to access, view and use the Pricing Benchmark to develop, create, calculate, settle, maintain or support and market the Trust, with the Trust using the Pricing Benchmark pursuant to a sub-licensing arrangement with the Sponsor. The Pricing Benchmark Licensing Agreement has a one-year initial term and automatically renews for successive one-year periods unless terminated pursuant to its terms. The Pricing Benchmark is calculated and administered by CF Benchmarks and is used to value the Trust’s shares on a daily basis and to calculate the Trust’s net asset value. CF Benchmarks is unaffiliated with the Sponsor. The Sponsor has elected to terminate the Pricing Benchmark Licensing Agreement pursuant to its terms in connection with its broader transition to a new benchmark provider, as further described below.

The Sponsor intends to enter into a licensing agreement with FTSE International Limited (“FTSE”) on or about August 24, 2026 whereby FTSE will provide each of the Sponsor, the Trust, and their affiliates a non-exclusive, non-transferable, non-sub-licensable, perpetual, worldwide license to access, view and use FTSE index data to develop, create, calculate, settle, maintain or support and market the Trust. Such license is expected to have a one-year initial term and will automatically be renewed for successive one-year periods, unless terminated pursuant to its terms.

FTSE is a company incorporated and registered in England, and its principal offices are located at 10 Paternoster Square, London, EC4M 7LS, United Kingdom. FTSE is experienced in calculating and administering digital asset indices. FTSE is unaffiliated with the Sponsor.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: July 7, 2026	21SHARES DOGECOIN ETF

	21Shares US LLC, as Sponsor of 21Shares Dogecoin ETF

	By:	/s/ Duncan Moir
	Name:	Duncan Moir
	Title:	President

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

3 documents

21Shares Dogecoin ETF to change benchmark provider

Rhea-AI Filing Summary