21Shares Dogecoin ETF 8-K

What Happened

• 21Shares US LLC (the Sponsor) filed an 8-K reporting it gave notice on June 30, 2026 to terminate the Pricing Benchmark Licensing Agreement with CF Benchmarks Ltd., effective August 31, 2026. The license covered the CF Dogecoin‑Dollar US Settlement Price Index used to value the 21Shares Dogecoin ETF (TDOG) and calculate its net asset value (NAV).
• The Sponsor intends to enter into a licensing agreement with FTSE International Limited on or about August 24, 2026 for access to FTSE index data to support and market the Trust.

Key Details

• Notice given: June 30, 2026; CF Benchmarks license termination effective: August 31, 2026.
• Planned FTSE license execution: on or about August 24, 2026.
• Current CF Benchmarks license granted a non-exclusive, non-transferable, non-sub-licensable, perpetual worldwide right to use the CF Dogecoin‑Dollar US Settlement Price Index, under an agreement with a one‑year term that auto‑renews.
• Both CF Benchmarks and FTSE are unaffiliated with the Sponsor; FTSE is experienced in calculating and administering digital asset indices.

Why It Matters

• The Pricing Benchmark is used daily to value the ETF’s shares and to calculate its NAV, so changing index providers is an operationally significant move for investors. The filing signals a planned, time‑limited transition from CF Benchmarks to FTSE data sources; investors should note the stated effective and planned dates but the 8‑K does not indicate any interim disruption or expected impact to NAV calculations.