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Statements of Operations (Unaudited) - Teucrium Sugar Fund - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Realized and unrealized gain (loss) on trading of commodity futures contracts:        
Realized (loss) gain on commodity futures contracts $ (15,950,119) $ 26,913,430 [1] $ (42,541,244) $ 88,611,840 [1]
Net change in unrealized (depreciation)/appreciation on commodity futures contracts (8,646,874) (112,660,860) [1] (14,470,153) (127,795,433) [1]
Interest income 4,196,821 1,779,555 [1] 8,527,835 1,999,541 [1]
Total (loss) income (20,400,172) (83,967,875) [1] (48,483,562) (37,184,052) [1]
Expenses        
Management fees 850,264 2,448,692 [1] 1,839,779 3,454,462 [1]
Professional fees 557,175 399,674 [1] 1,003,227 809,527 [1]
Distribution and marketing fees 976,404 1,127,864 [1] 1,904,116 1,887,941 [1]
Custodian fees and expenses 97,437 97,970 [1] 217,997 129,490 [1]
Business permits and licenses fees 36,511 43,549 [1] 71,128 97,375 [1]
General and administrative expenses 123,941 151,954 [1] 173,083 210,115 [1]
Total expenses 2,641,732 4,269,708 [1] 5,209,330 6,588,915 [1]
Expenses waived by the Sponsor (213,804) (707,463) [1] (409,868) (1,052,981) [1]
Total expenses, net 2,427,928 3,562,245 [1] 4,799,462 5,535,934 [1]
Net (loss) income (22,828,100) (87,530,120) [1] (53,283,024) (42,719,986) [1]
Teucrium Sugar Fund [Member]        
Realized and unrealized gain (loss) on trading of commodity futures contracts:        
Realized (loss) gain on commodity futures contracts 7,408,174 401,262 8,747,622 471,423
Net change in unrealized (depreciation)/appreciation on commodity futures contracts (3,141,505) (2,174,684) (1,688) (1,266,942)
Interest income 431,237 61,792 702,686 72,490
Total (loss) income 4,697,906 (1,711,630) 9,448,620 (723,029)
Expenses        
Management fees 86,295 87,825 147,633 142,431
Professional fees 76,125 9,021 146,054 41,785
Distribution and marketing fees 63,875 44,085 98,691 92,055
Custodian fees and expenses 11,202 2,959 12,238 5,234
Business permits and licenses fees 8,630 16,794 11,121 25,011
General and administrative expenses 9,791 12,320 10,404 16,528
Total expenses 255,918 173,004 426,141 323,044
Expenses waived by the Sponsor 0 (49,371) 0 (78,237)
Total expenses, net 255,918 123,633 426,141 244,807
Net (loss) income $ 4,441,988 $ (1,835,263) $ 9,022,479 $ (967,836)
Net (loss) gain per share (in dollars per share) $ 1.26 $ (0.30) $ 3.19 $ 0.09
Net (loss) gain per weighted average share (in dollars per share) $ 1.70 $ (0.50) $ 3.57 $ (0.32)
Weighted average shares outstanding (in shares) 2,612,367 3,644,509 2,530,114 3,036,330
[1] The Hashdex Bitcoin Futures ETF commenced operations on September 15, 2022.