TDOG
TDOG maintains exposure to "spot" Dogecoin. The Fund, an exchange traded product, is not registered under the Investment Company Act of 1940, as amended (the "40 Act"), and, as such, is not subject to the same regulations and protections as 40 Act registered ETFs and mutual funds. TDOG is subject to significant risk and heightened volatility. Dogecoin assets are not suitable for an investor who cannot afford the loss of the entire investment. An investment on TDOG is not a direct investment in Dogecoin.
The 21shares Dogecoin ETF (TDOG) provides investors with a liquid and transparent way to gain exposure to Dogecoin, and is the only ETF provider endorsed by the Dogecoin Foundation.1 Dogecoin is one of the most widely recognized community-driven cryptoassets.2
Investment objective
The 21shares Dogecoin ETF (the "Trust") seeks to track the performance of Dogecoin, as measured by the performance of the CF Dogecoin-Dollar US Settlement Price Index ("Pricing Benchmark"), adjusted for the Trust's expenses and other liabilities. In seeking to achieve its investment objective, the Trust will hold Dogecoin and will value its Shares daily based on the Pricing Benchmark.
Dogecoin is internet culture
We believe Dogecoin captures the spirit of internet culture—rooted in identity, community, and humor—and channels it into a digital asset embraced by millions. Beyond its origins as a meme, Dogecoin has evolved into a symbol of participation in a more open, creative, and community-driven digital economy.3
Onboarding new users to crypto
For many people, Doge may serve as their first step into crypto. It’s inexpensive to use, enables fast transfers and has a user experience that can feel as intuitive as sending a text message. Doge is evolving from meme coin to mainstream access point for digital assets, continuing to broaden crypto’s reach into mainstream finance.
Culture’s payment system
Dogecoin’s ambition is to be the payment system for cultural assets and experiences. It is already powering everyday transactions, from movie tickets to digital goods4, and the number of vendors accepting Dogecoin will continue to grow, in our view. We believe its speed, low fees and lower community make it one of the few coins ready for real-world transactions, particularly amongst digital natives.
Performance
The performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For the most recent month-end performance, please call 646-370-6016 or visit the Fund’s website at www.21shares.com.
Investing involves risk, including the possible loss of principal. Shares of any ETF are bought and sold at market price (not NAV) and may trade at a discount or premium to NAV. Shares are not individually redeemable from the Fund and may only be acquired or redeemed from the fund in creation units. Brokerage commissions will reduce returns.
Premium/Discount
The amount that the Fund’s market price is about the reported NAV is called the premium. The amount that the Fund’s market price is below the NAV is called the discount. The Premium/Discount chart shows the difference between the daily market price of the Fund’s shares and the Fund’s net asset value (“NAV”). The daily market price is calculated using the mid-point between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund’s NAV is calculated (usually 4:00 pm Eastern time). The vertical axis of the chart shows the premium or discount of the Mid-Point price as a percentage of the NAV. The horizontal axis shows the number of trading days covered by the chart, and each bar in the chart demonstrates how many days the Fund traded within the given premium/discount range. The data presented in the chart and table above represent past performance and cannot be used to predict future results.
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