| Investment Objective: |
Bitwise Dogecoin ETFs investment objective is to seek to provide exposure to the value of Dogecoin held by the Trust, less the expenses of the Trust's operations. In seeking to achieve its investment objective, the Trust will hold Dogecoin and accrue the Sponsor's management fee (the "Sponsor Fee") in U.S. dollars. The Trust will value its Dogecoin 3 holdings, net assets and the Shares daily based on the Pricing Benchmark. The Trust is passively managed and does not pursue active management investment strategies, and the Sponsor does not actively manage the Dogecoin held by the Trust. This means that the Sponsor does not sell Dogecoin at times when its price is high or acquire Dogecoin at low prices in the expectation of future price increases. It also means that the Sponsor does not make use of any of the hedging techniques available to professional Dogecoin investors to attempt to reduce the risks of losses resulting from price decreases. The Trust will not utilize leverage or any similar arrangements in seeking to meet its investment objective. Dogecoin will be the only digital asset held by the Trust. |
