Grayscale Dogecoin Trust ETF filed an amendment to its Authorized Participant Agreements on September 29, 2026, allowing Macquarie Capital (USA) Inc. and Virtu Americas LLC to conduct both cash and in-kind creations and redemptions of shares. Previously, the Trust only permitted cash-based transactions. The filing indicates the Sponsor may engage additional Authorized Participants in the future, who may be able to utilize either cash, in-kind, or both methods for share issuance.
Separately, the Trust entered into a Sixth Amendment to its Master Custody Service Agreement with Anchorage Digital Bank N.A. This arrangement allows Anchorage Digital to custody a portion of the Trust’s DOGE holdings. The Trust’s existing custodian, Coinbase Custody Trust Company, LLC, remains the primary custodian, and the Sponsor retains discretion over the specific amounts held at each institution. The Sponsor has not yet determined the total amount of DOGE to be moved to Anchorage Digital.
According to the filing, the addition of Anchorage Digital reflects the Sponsor’s risk management approach as the Trust’s assets grow. The agreement requires Anchorage Digital to maintain commercial crime insurance or a fidelity bond with limits of not less than $100 million. The filing also notes that in the event of a Dogecoin blockchain fork, Anchorage Digital may suspend services or choose to support one branch of the protocol, provided it supports at least one branch unless prohibited by law.
The filing includes an exhibit detailing the mechanics of share creation and redemption. As of September 16, 2025, a Basket of 10,000 Shares requires approximately 6,547.5018 DOGE. The Trust currently only facilitates cash-based creations and redemptions, known as Cash Orders. The Sponsor has not yet obtained regulatory approval to allow in-kind transactions, which would permit Authorized Participants to deposit or receive DOGE directly.
