Grayscale Dogecoin Trust ETF
For the period ended Jun 30, 2026. Filed Aug 4, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 4, 2026
GDOG$8.50+0.1%Stored close · as of Nov 6, 2026
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2026-03-31; filed 2026-05-08.
0001193125-26-214595
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2026-06-30; filed 2026-08-04.
0002055510-26-000007
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 46 previous paragraphs and 47 current paragraphs.
42 unchanged; 2 reworded; 3 added; 2 removed; 0 previous and 0 current paragraphs rearranged.
Tables are not compared: 4 previous and 4 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (3)
Current report
Net realized and unrealized loss on investment in DOGE for the three months ended June 30, 2026 was ($2,416), which includes a realized loss of ($4) on the transfer of DOGE to pay the Sponsor’s Fee and net change in unrealized appreciation/depreciation on investment in DOGE of ($2,412). Net realized and unrealized loss on investment in DOGE for the period was driven by DOGE price depreciation from $0.09 per DOGE as of March 31, 2026, to $0.07 per DOGE as of June 30, 2026. Net decrease in net assets resulting from operations was ($2,423) for the three months ended June 30, 2026, which consisted of the net realized and unrealized loss on investment in DOGE, plus the net investment loss of $7. Net assets increased to $7,585 at June 30, 2026, a 12% increase for the three-month period. The increase in net assets resulted from the contribution of approximately 31,722,610 DOGE with a value of $3,249 to the Trust in connection with Share creations during the period, partially offset by the aforementioned DOGE price depreciation and the withdrawal of approximately 77,148 DOGE to pay the foregoing Sponsor’s Fee.
Current report
Net realized and unrealized gain on investment in DOGE for the three months ended June 30, 2025 was $22, which includes a realized loss of ($4) on the transfer of DOGE to pay the Sponsor’s Fee and net change in unrealized appreciation/depreciation on investment in DOGE of $26. Net realized and unrealized gain on investment in DOGE for the period was driven by DOGE price appreciation from $0.17 per DOGE as of March 31, 2025, to $0.17 per DOGE as of June 30, 2025. Net increase in net assets resulting from operations was $10 for the three months ended June 30, 2025, which consisted of the net realized and unrealized gain on investment in DOGE, less the net investment loss of $12. Net assets increased to $1,885 at June 30, 2025, a 2% increase for the three-month period. The increase in net assets resulted from the aforementioned DOGE price appreciation and the contribution of approximately 149,027 DOGE with a value of $24 to the Trust in connection with Share creations during the period, partially offset by the withdrawal of approximately 69,965 DOGE to pay the foregoing Sponsor’s Fee.
Current report
Net realized and unrealized loss on investment in DOGE for the six months ended June 30, 2026 was ($4,835), which includes a realized loss of ($5) on the transfer of DOGE to pay the Sponsor’s Fee and net change in unrealized appreciation/depreciation on investment in DOGE of ($4,830). Net realized and unrealized loss on investment in DOGE for the period was driven by DOGE price depreciation from $0.12 per DOGE as of December 31, 2025, to $0.07 per DOGE as of June 30, 2026. Net decrease in net assets resulting from operations was ($4,844) for the six months ended June 30, 2026, which consisted of the net realized and unrealized loss on investment in DOGE, plus the net investment loss of ($9). Net assets increased to $7,585 at June 30, 2026, a 94% increase for the six-month period. The increase in net assets resulted from the contribution of approximately 71,700,600 DOGE with a value of $8,514 to the Trust in connection with Share creations during the period, partially offset by the aforementioned DOGE price depreciation and the withdrawal of approximately 100,698 DOGE to pay the foregoing Sponsor’s Fee.
Removed paragraphs (2)
Previous report
Net realized and unrealized loss on investment in DOGE for the three months ended March 31, 2026 was ($2,419), which includes a realized loss of ($1) on the transfer of DOGE to pay the Sponsor’s Fee and net change in unrealized appreciation/depreciation on investment in DOGE of ($2,418). Net realized and unrealized loss on investment in DOGE for the period was driven by DOGE price depreciation from $0.12 per DOGE as of December 31, 2025, to $0.09 per DOGE as of March 31, 2026. Net decrease in net assets resulting from operations was ($2,421) for the three months ended March 31, 2026, which consisted of the net realized and unrealized loss on investment in DOGE, plus the net investment loss of $2. Net assets increased to $6,759 at March 31, 2026, a 73% increase for the three-month period. The increase in net assets resulted from the contribution of approximately 39,977,990 DOGE with a value of $5,265 to the Trust in connection with Share creations during the period, partially offset by the aforementioned DOGE price depreciation and the withdrawal of approximately 23,550 DOGE to pay the foregoing Sponsor’s Fee.
Previous report
Share creations during the period, partially offset by the aforementioned DOGE price depreciation and the withdrawal of approximately 36,730 DOGE to pay the foregoing Sponsor’s Fee.
Reworded paragraphs (2)
Previous wording
Financial Highlights for the Three Months Ended March 31, 2026 and the Period from January 30, 2025 (the Commencement of the Trust’s Operations) to March 31, 2025
Current wording
Financial Highlights for the Three Months Ended June 30, 2026 and 2025, the Six Months Ended June 30, 2026 and the Period from January 30, 2025 (the Commencement of the Trust’s Operations) to June 30, 2025
Previous wording
Net realized and unrealized loss on investment in DOGE for the period from January 30, 2025 (the commencement of the Trust’s operations) to March 31, 2025 was ($903), which includes a realized loss of ($2) on the transfer of DOGE to pay the Sponsor’s Fee and net change in unrealized appreciation/depreciation on investment in DOGE of ($901). Net realized and unrealized loss on investment in DOGE for the period was driven by DOGE price depreciation from $0.33 per DOGE as of January 30, 2025 (the commencement of the Trust’s operations), to $0.17 per DOGE as of March 31, 2025. Net decrease in net assets resulting from operations was ($911) for the period from January 30, 2025 (the commencement of the Trust’s operations) to March 31, 2025, which consisted of the net realized and unrealized loss on investment in DOGE, plus the Sponsor’s Fee of $8. Net assets increased to $1,851 at March 31, 2025. The increase in net assets resulted from the contribution of approximately 11,204,738 DOGE with a value of $2,762 to the Trust in connection with
Current wording
Net realized and unrealized loss on investment in DOGE for the period from January 30, 2025 (the commencement of the Trust’s operations) to June 30, 2025 was ($881), which includes a realized loss of ($6) on the transfer of DOGE to pay the Sponsor’s Fee and net change in unrealized appreciation/depreciation on investment in DOGE of ($875). Net realized and unrealized loss on investment in DOGE for the period was driven by DOGE price depreciation from $0.33 per DOGE as of January 30, 2025 (the commencement of the Trust’s operations), to $0.17 per DOGE as of June 30, 2025. Net decrease in net assets resulting from operations was ($901) for the period from January 30, 2025 (the commencement of the Trust’s operations) to June 30, 2025, which consisted of the net realized and unrealized loss on investment in DOGE, plus the net investment loss of $20. Net assets increased to $1,885 at June 30, 2025. The increase in net assets resulted from the contribution of approximately 11,353,765 DOGE with a value of $2,786 to the Trust in connection with Share creations during the period, partially offset by the aforementioned DOGE price depreciation and the withdrawal of approximately 106,696 DOGE to pay the foregoing Sponsor’s Fee.