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Combined Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
[1]
Jun. 30, 2023
Jun. 30, 2022
[1]
Realized and unrealized gain (loss) on trading of commodity futures contracts:        
Realized (loss) gain on commodity and cryptocurrency futures contracts $ (15,950,119) $ 26,913,430 $ (42,541,244) $ 88,611,840
Net change in unrealized (depreciation) appreciation on commodity and cryptocurrency futures contracts (8,646,874) (112,660,860) (14,470,153) (127,795,433)
Interest income 4,196,821 1,779,555 8,527,835 1,999,541
Total (loss) income (20,400,172) (83,967,875) (48,483,562) (37,184,052)
Expenses        
Management fees 850,264 2,448,692 1,839,779 3,454,462
Professional fees 557,175 399,674 1,003,227 809,527
Distribution and marketing fees 976,404 1,127,864 1,904,116 1,887,941
Custodian fees and expenses 97,437 97,970 217,997 129,490
Business permits and licenses fees 36,511 43,549 71,128 97,375
General and administrative expenses 123,941 151,954 173,083 210,115
Other expenses 0 5 0 5
Total expenses 2,641,732 4,269,708 5,209,330 6,588,915
Expenses waived by the Sponsor (213,804) (707,463) (409,868) (1,052,981)
Total expenses, net 2,427,928 3,562,245 4,799,462 5,535,934
Net (loss) income $ (22,828,100) $ (87,530,120) $ (53,283,024) $ (42,719,986)
[1] The Hashdex Bitcoin Futures ETF commenced operations on September 15, 2022.