The investment seeks to track the performance of Dogecoin, as measured by the CF Dogecoin-Dollar U.S. Settlement Price Index, adjusted for the Trust’s expenses and other liabilities. In seeking to achieve its investment objective, the Trust will hold Dogecoin. The Trust is sponsored by 21Shares U.S. LLC (the “Sponsor”), a wholly-owned subsidiary of 21co Holdings Limited (formerly known as Amun Holdings Limited). The ultimate parent company of 21co Holdings Limited is FalconX Holdings Limited (“FalconX”), a leading institutional digital asset prime brokerage.