21Shares Dogecoin ETF

21Shares Dogecoin ETF is an exchange-traded fund structured as a Maryland statutory trust. The trust operates as a passive investment vehicle designed to track the performance of Dogecoin, as measured by the CF Dogecoin-Dollar US Settlement Price Index, adjusted for fund expenses and other liabilities. To achieve this objective, the trust directly holds Dogecoin rather than investing in commodity futures contracts or operating as an actively managed investment company. Its primary product is its common shares of beneficial interest, which represent fractional undivided interests in the fund's underlying net assets. The trust issues and redeems these shares in continuous multi-share baskets exclusively through registered broker-dealers acting as authorized participants.

The trust maintains executive offices in New York, New York, and operates under the management and control of its sponsor, 21Shares US LLC, alongside Wilmington Trust, N.A. as trustee. Its digital asset holdings are held in custody across third-party digital asset custodians.

Summary of the business section of 21Shares Dogecoin ETF's latest annual report, written by StockData.