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Combined Statements of Assets and Liabilities - USD ($)
Jun. 30, 2024
Jun. 30, 2023
Assets    
Investment in securities, at fair value $ 9,378,115 $ 40,066,908
Segregated cash held by broker 32,983,489 38,203,690
Due from Sponsor 22,674  
Interest receivable 124,030 147,795
Total assets 42,508,308 79,243,680
Liabilities    
Due to Sponsor 36,204 164,831
Payable on open futures contracts 904,555 13,669,745
Other accrued expenses 366,578 46,453
Total liabilities 1,307,337 13,881,029
Net Assets 41,200,971 65,362,651
Assets    
Receivable on open futures contracts   825,287
BREAKWAVE DRY BULK SHIPPING ETF    
Assets    
Investment in securities, at fair value 8,348,195 39,591,860
Segregated cash held by broker 31,739,612 35,323,736
Due from Sponsor  
Interest receivable 119,526 145,794
Total assets 40,207,333 75,061,390
Liabilities    
Due to Sponsor 36,204 156,055
Payable on open futures contracts 788,675 13,669,745
Other accrued expenses 269,300 41,691
Total liabilities 1,094,179 13,867,491
Net Assets $ 39,113,154 $ 61,193,899
Shares outstanding (unlimited authorized) (in Shares) 3,225,040 11,075,040
Net asset value per share (in Dollars per share) $ 12.13 $ 5.53
Market value per share (in Dollars per share) $ 12.24 $ 5.55
Assets    
Receivable on open futures contracts  
BREAKWAVE TANKER SHIPPING ETF    
Assets    
Investment in securities, at fair value $ 1,029,920 475,048
Segregated cash held by broker 1,243,877 2,879,954
Due from Sponsor 22,674  
Interest receivable 4,504 2,001
Total assets 2,300,975 4,182,290
Liabilities    
Due to Sponsor 8,776
Payable on open futures contracts 115,880
Other accrued expenses 97,278 4,762
Total liabilities 213,158 13,538
Net Assets $ 2,087,817 $ 4,168,752
Shares outstanding (unlimited authorized) (in Shares) 125,100 200,100
Net asset value per share (in Dollars per share) $ 16.69 $ 20.83
Market value per share (in Dollars per share) $ 16.79 $ 20.88
Assets    
Receivable on open futures contracts   $ 825,287