v3.26.1
Fair Value of Dogecoin
 3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Fair Value of Dogecoin

3. Fair Value of Dogecoin

As of March 31, 2026, the Trust held a net closing balance of 6,567,469.6487 Dogecoin with a total market value of $604,482 based on the CF Dogecoin-Dollar US Settlement Price ("DOGEUSD_NY") price of $0.092042, used to determine the Trust's NAV. The total market value of the Trust's Dogecoin held was $604,470 based on the price of Dogecoin (Lukka Prime Rate) in the principal market (Coinbase) of $0.092040, used to determine the Trust's Principal Market NAV.

The following represents the changes in quantity of Dogecoin and the respective fair value for the three-month period ended March 31, 2026:

 

 

 

Quantity of Dogecoin

 

 

Fair Value

 

Beginning balance as of December 31, 2025

 

 

9,857,901.6165

 

 

$

1,152,882

 

Purchases

 

 

—

 

 

 

—

 

Sales for the redemption of Shares

 

 

(3,285,151.9600

)

 

 

(406,971

)

Transfer of Dogecoin to pay for Sponsor Fee

 

 

(5,280.0078

)

 

 

(573

)

Net realized gain (loss) on investment in Dogecoin transferred to pay Sponsor Fee

 

 

—

 

 

 

(231

)

Net realized gain (loss) on investment in Dogecoin sold for redemptions

 

 

—

 

 

 

(93,255

)

Change in unrealized appreciation (depreciation) on investment in Dogecoin

 

 

—

 

 

 

(47,382

)

Ending balance as of March 31, 2026

 

 

6,567,469.6487

 

 

$

604,470

 

Dispositions during the period represent Dogecoin sold as a result of shareholder redemptions from the Trust. In addition, Dogecoin was transferred to pay the Sponsor Fee of the Trust. For the three months ended March 31, 2026, the Trust recognized net realized losses of $93,486, which represents the net of cumulative realized gains of $0 and cumulative realized losses of $93,486.

As of December 31, 2025, the Trust held a net closing balance of 9,857,901.6165 Dogecoin with a total market value of $1,148,901 based on the DOGEUSD_NY price of $0.11654, used to determine the Trust's NAV. The total market value of the Trust's Dogecoin held was $1,152,882 based on the price of Dogecoin (Lukka Prime Rate) in the principal market (Coinbase) of $0.11695, used to determine the Trust's Principal Market NAV.

The following represents the changes in quantity of Dogecoin and the respective fair value for the period from November 25, 2025 to December 31, 2025:

 

 

Quantity of Dogecoin

 

 

Fair Value

 

Beginning balance as of November 25, 2025 (commencement of operations)

 

0.0000

 

 

$

—

 

Purchases

 

 

16,429,836.0565

 

 

 

2,501,750

 

Sales for the redemption of Shares

 

 

(6,571,934.4400

)

 

 

(972,354

)

Net realized gain (loss) on investment in Dogecoin sold for redemptions

 

 

—

 

 

 

(28,346

)

Change in unrealized appreciation (depreciation) on investment in Dogecoin

 

 

—

 

 

 

(348,168

)

Ending balance as of December 31, 2025

 

 

9,857,901.6165

 

 

$

1,152,882