Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
10-Q
Rhea-AI Filing Summary
Bitwise Dogecoin ETF seeks to track the value of Dogecoin it holds, less expenses. As of June 30, 2026, it held 6,561,841.7808 Dogecoin, valued at $473,699 using Coinbase as the principal market, with net assets of $473,547 and 40,000 shares outstanding.
Principal Market NAV per share fell to $11.84 from $19.21 at December 31, 2025, reflecting Dogecoin price depreciation from $0.116546 to $0.072199. For the six months, total return at NAV was -38.37%, driven by $271,082 in net realized and unrealized losses on Dogecoin.
The trust redeemed about 3,285,152 Dogecoin to meet share redemptions and transferred about 10,908 Dogecoin to pay its 0.34% annual Sponsor Fee, which covers virtually all ordinary operating expenses. The vehicle holds no leverage or derivatives and is treated as a grantor trust for U.S. tax purposes.
Positive
- None.
Negative
- Principal Market NAV per share fell from $19.21 to $11.84 in six months, a total return of -38.37%, driven by Dogecoin price decline from $0.116546 to $0.072199 and redemptions.
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