Quarterly ResultMay 8, 2026, 01:36 PM
Bitwise Dogecoin ETF Net Assets Decline to $604K; NAV per Share $15.11
AI Summary
Bitwise Dogecoin ETF reported a significant decline in its financial performance for the three months ended March 31, 2026. Net assets decreased to $604,292 from $1,152,815, with the Principal Market NAV per Share falling to $15.11 from $19.21. The Trust experienced a total return of (21.34)% at net asset value, driven by net realized and unrealized losses on Dogecoin investments and substantial share redemptions. The Trust also noted its status as an "emerging growth company," which allows for reduced reporting requirements.
Key Highlights
- Net Assets as of March 31, 2026, were $604,292, down from $1,152,815 on December 31, 2025.
- Principal Market NAV per Share decreased to $15.11 from $19.21.
- Total return at net asset value for the three months ended March 31, 2026, was (21.34)%.
- Net decrease in net assets from operations was $(141,552).
- Net decrease in net assets from capital share transactions (redemptions) was $(406,971).
- Shares outstanding decreased by 20,000 to 40,000.
- The Trust is classified as an "emerging growth company" under the JOBS Act.