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Combined Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net loss [1] $ (47,859,482) $ (73,462,767) $ (78,172,611)
Adjustments to reconcile net loss to net cash used in operating activities:      
Net change in unrealized (appreciation) depreciation on commodity and cryptocurrency futures contracts [1] 6,160,194 (12,703,858) 33,905,514
Changes in operating assets and liabilities:      
Due from broker 2,342,506 30,627,611 (60,950,291)
Interest receivable 192,048 (93,245) (300,369)
Other assets (1,119) 3,707 (8,069)
Due to broker 0 0 (888,877)
Management fee payable to Sponsor (87,568) (155,982) 205,103
Payable for purchases of commercial paper 0 0 (13,050)
Other liabilities (195,600) 164,102 (37,523)
Net cash used in operating activities (39,449,021) (55,620,432) (106,260,173)
Cash flows from financing activities:      
Distribution of Net Assets to Acquiring Fund (2,381,545) 0 0
Proceeds from sale of Shares 80,683,035 158,884,957 1,249,793,734
Redemption of Shares (125,883,714) (264,948,395) (935,239,671)
Net change in cost of the Underlying Funds 5,734,236 19,858,936 (26,443,537)
Net cash (used in) provided by financing activities (41,847,988) (86,204,502) 288,110,526
Net change in cash and cash equivalents (81,297,009) (141,824,934) 181,850,353
Cash and cash equivalents, beginning of period 292,237,362 434,062,296 252,211,943
Cash and cash equivalents, end of period $ 210,940,353 $ 292,237,362 $ 434,062,296
[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.