XML 49 R19.htm IDEA: XBRL DOCUMENT v3.25.0.1
Statements of Operations - Teucrium Wheat Fund - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Realized and unrealized gain (loss) on trading of securities, commodity and cryptocurrency futures contracts:      
Realized loss on commodity and cryptocurrency futures contracts [1] $ (46,228,171) $ (94,248,842) $ (43,176,670)
Net change in unrealized appreciation (depreciation) on commodity and cryptocurrency futures contracts [1] (6,160,194) 12,703,858 (33,905,514)
Interest income [1] 12,977,276 17,736,627 10,664,323
Total loss (39,411,089) [1] (63,808,357) (66,417,861)
Expenses      
Management fees [1] 2,536,166 3,587,742 6,630,551
Professional fees [1] 1,402,207 1,919,411 1,432,587
Distribution and marketing fees [1] 3,950,590 4,007,582 4,075,048
Custodian fees and expenses [1] 391,341 428,243 410,660
Business permits and licenses fees [1] 139,505 141,582 157,326
General and administrative expenses [1] 326,509 281,413 323,468
Other expenses [1] 131 8 2,147
Total expenses [1] 8,746,449 10,365,981 13,031,787
Expenses waived by the Sponsor [1] (298,056) (711,571) (1,277,037)
Total expenses, net [1] 8,448,393 9,654,410 11,754,750
Net (loss) income [1] (47,859,482) (73,462,767) (78,172,611)
Teucrium Wheat Fund [Member]      
Realized and unrealized gain (loss) on trading of securities, commodity and cryptocurrency futures contracts:      
Realized loss on commodity and cryptocurrency futures contracts (23,202,055) (81,189,435) (81,457,408)
Net change in unrealized appreciation (depreciation) on commodity and cryptocurrency futures contracts (9,636,211) 20,881,933 (26,279,809)
Interest income 7,381,620 9,252,100 5,619,025
Total loss (25,456,646) (51,055,402) (102,118,192)
Expenses      
Management fees 1,445,767 1,878,763 3,549,506
Professional fees 691,361 532,146 663,700
Distribution and marketing fees 2,063,907 2,106,344 2,141,826
Custodian fees and expenses 197,647 226,411 228,096
Business permits and licenses fees 47,729 34,453 49,106
General and administrative expenses 176,870 139,454 123,180
Other expenses 0 0 2,108
Total expenses 4,623,281 4,917,571 6,757,522
Expenses waived by the Sponsor 0 0 (425,164)
Total expenses, net 4,623,281 4,917,571 6,332,358
Net (loss) income $ (30,079,927) $ (55,972,973) $ (108,450,550)
Net (decrease) increase in net asset value per share (in dollars per share) $ (1.15) $ (2.01) $ 0.61
Net (loss) gain per weighted average share (in dollars per share) $ (1.11) $ (1.92) $ (2.86)
Weighted average Shares outstanding (in shares) 27,044,335 29,084,936 37,882,059
[1] The Hashdex Bitcoin Futures ETF was transferred to the Tidal Commodities Trust I as described in Note 1 to these financials. The operations include the activity of the Hashdex Bitcoin Futures ETF from September 15, 2022, the date of inception, through January 3, 2024, the date of liquidation.