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Combined Statements of Cash Flows - USD ($)
 12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
BREAKWAVE DRY BULK SHIPPING ETF    
Cash flows used in operating activities    
Net income (loss) $ 46,770,200 $ (36,530,822)
Adjustments to reconcile net income (loss) to net cash provided by/used in operating activities:    
Net realized (gain) loss on investments (34,476,191) 30,983,820
Change in net unrealized gain (loss) on investments   4,404,570
Sale (purchase) of investments, net 78,615,786 (57,771,487)
Change in net unrealized loss (gain) on futures (12,895,930) 4,404,570
Change in operating assets and liabilities:    
Decrease in subscriptions receivable   1,684,835
Decrease (Increase) in interest receivable 26,268 (128,553)
Decrease (increase) in due from sponsor  
Increase in receivable on open futures contracts
Increase in payable on open futures contracts (12,881,080) 4,404,570
Increase (decrease) in due to Sponsor (119,851) (115,691)
Increase (Decrease) in accrued expenses 227,609 (33,536)
Net cash used in operating activities 65,266,821 (53,102,294)
Cash flows from financing activities    
Proceeds from sale of shares 38,500,878 112,635,604
Paid on redemption of shares (107,351,823) (61,398,051)
Net cash provided by financing activities (68,850,945) 51,237,553
Net increase (decrease) in cash and restricted cash (3,584,124) (1,864,741)
Cash and restricted cash, beginning of year 35,323,736 37,188,477
Cash and restricted cash, end of year 31,739,612 35,323,736
Cash
Segregated cash held by broker 31,739,612 35,323,736
Total cash and restricted cash as shown on the combined statements of cash flows. 31,739,612 35,323,736
BREAKWAVE TANKER SHIPPING ETF    
Cash flows used in operating activities    
Net income (loss) (318,928) 1,167,252 [1]
Adjustments to reconcile net income (loss) to net cash provided by/used in operating activities:    
Net realized (gain) loss on investments (827,253) (375,516) [1]
Change in net unrealized gain (loss) on investments [1]   (825,287)
Sale (purchase) of investments, net (668,786) 725,755 [1]
Change in net unrealized loss (gain) on futures 941,167 (825,287)
Change in operating assets and liabilities:    
Decrease in subscriptions receivable [1]  
Decrease (Increase) in interest receivable (2,503) (2,001) [1]
Decrease (increase) in due from sponsor (22,674)  
Increase in receivable on open futures contracts 825,287 (825,287) [1]
Increase in payable on open futures contracts 115,880 [1]
Increase (decrease) in due to Sponsor (8,776) 8,776 [1]
Increase (Decrease) in accrued expenses 92,516 4,762 [1]
Net cash used in operating activities 125,930 (121,546) [1]
Cash flows from financing activities    
Proceeds from sale of shares 13,460,368 3,001,500 [1]
Paid on redemption of shares (15,222,375) [1]
Net cash provided by financing activities (1,762,007) 3,001,500 [1]
Net increase (decrease) in cash and restricted cash (1,636,077) 2,879,954 [1]
Cash and restricted cash, beginning of year [1] 2,879,954
Cash and restricted cash, end of year 1,243,877 2,879,954 [1]
Cash [1]
Segregated cash held by broker 1,243,877 2,879,954 [1]
Total cash and restricted cash as shown on the combined statements of cash flows. 1,243,877 2,879,954 [1]
COMBINED    
Cash flows used in operating activities    
Net income (loss) 46,451,272 (35,363,570)
Adjustments to reconcile net income (loss) to net cash provided by/used in operating activities:    
Net realized (gain) loss on investments (35,303,444) 30,608,304
Change in net unrealized gain (loss) on investments   3,579,283
Sale (purchase) of investments, net 77,947,000 (57,045,732)
Change in net unrealized loss (gain) on futures (11,954,763)  
Change in operating assets and liabilities:    
Decrease in subscriptions receivable   1,684,835
Decrease (Increase) in interest receivable 23,765 (130,554)
Decrease (increase) in due from sponsor (22,674)  
Increase in receivable on open futures contracts 825,287 (825,287)
Increase in payable on open futures contracts (12,765,190) 4,404,570
Increase (decrease) in due to Sponsor (128,627) (106,915)
Increase (Decrease) in accrued expenses 320,125 (28,774)
Net cash used in operating activities 65,392,751 (53,223,840)
Cash flows from financing activities    
Proceeds from sale of shares 51,961,246 115,637,104
Paid on redemption of shares (122,574,198) (61,398,051)
Net cash provided by financing activities (70,612,952) 54,239,053
Net increase (decrease) in cash and restricted cash (5,220,201) 1,015,213
Cash and restricted cash, beginning of year 38,203,690 37,188,477
Cash and restricted cash, end of year 32,983,489 38,203,690
Cash
Segregated cash held by broker 32,983,489 38,203,690
Total cash and restricted cash as shown on the combined statements of cash flows. $ 32,983,489 $ 38,203,690
[1] Period from May 3, 2023 (commencement of investment operations) to June 30, 2023.