Concentration of Risk |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Risks and Uncertainties [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Concentration of Risk | 6. Concentration of Risk Substantially all the Trust’s assets are holdings of Dogecoin, which creates a concentration risk associated with fluctuations in the price of Dogecoin. Accordingly, a decline in the price of Dogecoin will have an adverse effect on the value of the Shares of the Trust. The trading prices of Dogecoin have experienced extreme volatility in recent periods and may continue to fluctuate significantly. Extreme volatility in the future, including substantial, sustained, or rapid declines in the trading prices of Dogecoin, could have a material adverse effect on the value of the Shares and the Shares could lose all or substantially all of their value. Factors adversely impacting the value of Dogecoin and the Shares may include an increase in the global Dogecoin supply or a decrease in global Dogecoin demand; market conditions of, and overall sentiment towards, the crypto assets and blockchain technology industry; trading activity on crypto asset exchanges, which, in many cases, are largely unregulated or may be subject to manipulation; the adoption of Dogecoin as a medium of exchange, store-of-value or other consumptive asset and the maintenance and development of the open-source software protocol of the Dogecoin network, and their ability to meet user demands; manipulative trading activity on crypto asset exchanges, which, in many cases, are largely unregulated; and forks in the Dogecoin network, among other things. Coinbase Custody Trust Company, LLC serves as the Trust’s custodian for Dogecoin for which qualified custody is available (the “Dogecoin Custodian”). The Dogecoin Custodian is subject to change in the sole discretion of the Sponsor. Temporary differences in the quantity of Dogecoin held by the Dogecoin Custodian from the amounts reflected in the financial statements may occur. These differences are due to pending settlement of Dogecoin trades with the Dogecoin Custodian, which generally occurs within two business days of the trade date. Payable for Dogecoin purchased represents the quantity of Dogecoin purchased for the creation of Shares where the Dogecoin has not yet settled.
Receivable for Dogecoin sold represents the quantity of Dogecoin sold for the redemption of Shares where the Dogecoin has not yet been settled.
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