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Investments (Tables) | 6 Months Ended
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Dec. 31, 2024
Investments [Abstract] |
Schedule of Average Derivative Volume | Average Derivative Volume, for the six months ended December 31, 2024
Fund |  | Monthly Average Quantity |  |  | Monthly Average Notional Value |
Breakwave Dry Bulk Shipping ETF |  |  | 822 |  |  | $ | 11,141,521 |
Breakwave Tanker Shipping ETF |  |  | 63 |  |  | $ | 894,451 |
Amplify Commodity Trust (combined) |  |  | 885 |  |  | $ | 12,035,972 |
Average Derivative Volume, for the period ended June 30, 2024
Fund |  | Monthly Average Quantity |  |  | Monthly Average Notional Value |
Breakwave Dry Bulk Shipping ETF |  |  | 782 |  |  | $ | 15,359,875 |
Breakwave Tanker Shipping ETF |  |  | 117 |  |  | $ | 1,543,866 |
Amplify Commodity Trust (combined) |  |  | 898 |  |  | $ | 16,903,741 |
Schedule of Fair Value of Derivative Instruments | Fair Value of Derivative Instruments, as of December 31, 2024
|  | Asset Derivatives |  | Liability Derivatives |  |  |
Derivatives |  | Combined Statements of Assets and Liabilities |  | Fair Value |  |  | Combined Statements of Assets and Liabilities |  | Fair Value |  |  | Total(a) |
Dry Bulk Index Rates Market Risk |  | Unrealized appreciation on futures contracts |  | $ | 992,720 |  |  | Unrealized depreciation on futures contracts |  | $ | 3,295,155 |  |  | $ | 2,302,435 |
(a) | Represents cumulative depreciation of futures contracts as reported in the Combined Statements of Assets and Liabilities.
Fair Value of Derivative Instruments, as of June 30, 2024
|  | Asset Derivatives |  | Liability Derivatives |  |  |
Derivatives |  | Combined Statements of Assets and Liabilities |  | Fair Value |  |  | Combined Statements of Assets and Liabilities |  | Fair Value |  |  | Total(a) |
Dry Bulk Index Rates Market Risk |  | Receivable on open futures contracts and unrealized appreciation on futures contracts |  | $ | 328,945 |  |  | Payable on open futures contracts and Unrealized depreciation on futures contracts |  | $ | 1,117,620 |  |  | $ | 788,675 |
(a) | Represents cumulative depreciation of futures contracts as reported in the Combined Statements of Assets and Liabilities.
Fair Value of Derivative Instruments, as of December 31, 2024
|  | Asset Derivatives |  | Liability Derivatives |  |  |
Derivatives |  | Combined Statements of Assets and Liabilities |  | Fair Value |  |  | Combined Statements of Assets and Liabilities |  | Fair Value |  |  | Total(a) |
Crude Oil Tanker Index Rates Market Risk |  | Unrealized appreciation on futures contracts |  | $ | - |  |  | Unrealized depreciation on futures contracts |  | $ | 184,850 |  |  | $ | 184,850 |
(a) | Represents cumulative depreciation of futures contracts as reported in the Combined Statements of Assets and Liabilities.
Fair Value of Derivative Instruments, as of June 30, 2024
|  | Asset Derivatives |  | Liability Derivatives |  |  |
Derivatives |  | Combined Statements of Assets and Liabilities |  | Fair Value |  |  | Combined Statements of Assets and Liabilities |  | Fair Value |  |  | Total(a) |
Crude Oil Tanker Index Rates Market Risk |  | Unrealized appreciation on futures contracts |  | $ | - |  |  | Unrealized depreciation on futures contracts |  | $ | 115,880 |  |  | $ | 115,880 |
(a) | Represents cumulative depreciation of futures contracts as reported in the Combined Statements of Assets and Liabilities.
Schedule of Effect of Derivative Instruments on the Combined Statements of Operations | For the Three Months Ended December 31, 2024
Derivatives |  | Location of Gain (Loss) on Derivatives |  | Realized Loss on Derivatives Recognized in Income |  |  | Change in Unrealized Gain (Loss) on Derivatives Recognized in Income |
Dry Bulk Index Rates Market Risk |  | Net realized loss on futures contracts and/or change in unrealized gain (loss) on futures contracts |  | $ | (9,194,227 | ) |  | $ | (2,196,210 | )
For the Three Months Ended December 31, 2023
Derivatives |  | Location of Gain (Loss) on Derivatives |  | Realized Gain on Derivatives Recognized in Income |  |  | Change in Unrealized Gain (Loss) on Derivatives Recognized in Income |
Dry Bulk Index Rates Market Risk |  | Net realized gain on futures contracts and/or change in unrealized gain (loss) on investments and futures contracts |  | $ | 27,728,859 |  |  | $ | 17,188,035 |
For the Six Months Ended December 31, 2024
Derivatives |  | Location of Gain (Loss) on Derivatives |  | Realized Loss on Derivatives Recognized in Income |  |  | Change in Unrealized Gain (Loss) on Derivatives Recognized in Income |
Dry Bulk Index Rates Market Risk |  | Net realized loss on futures contracts and/or change in unrealized gain (loss) on futures contracts |  | $ | (14,038,246 | ) |  | $ | (1,513,760 | )
For the Six Months Ended December 31, 2023
Derivatives |  | Location of Gain (Loss) on Derivatives |  | Realized Gain on Derivatives Recognized in Income |  |  | Change in Unrealized Gain (Loss) on Derivatives Recognized in Income |
Dry Bulk Index Rates Market Risk |  | Net realized gain on futures contracts and/or change in unrealized gain (loss) on investments and futures contracts |  | $ | 9,477,594 |  |  | $ | 36,924,759 |
For the Three Months Ended December 31, 2024
Derivatives |  | Location of Gain (Loss) on Derivatives |  | Realized Loss on Derivatives Recognized in Income |  |  | Change in Unrealized Gain (Loss) on Derivatives Recognized in Income |
Crude Oil Tanker Index Rates Market Risk |  | Net realized loss on futures contracts and/or change in unrealized gain (loss) on futures contracts |  | $ | (728,787 | ) |  | $ | (34,492 | )
For the Three Months Ended December 31, 2023
Derivatives |  | Location of Gain (Loss) on Derivatives |  | Realized Gain on Derivatives Recognized in Income |  |  | Change in Unrealized Gain (Loss) on Derivatives Recognized in Income |
Crude Oil Tanker Index Rates Market Risk |  | Net realized gain on futures contracts and/or change in unrealized gain (loss) on investments and futures contracts |  | $ | 96,553 |  |  | $ | (12,008 | )
For the Six Months Ended December 31, 2024
Derivatives |  | Location of Gain (Loss) on Derivatives |  | Realized Loss on Derivatives Recognized in Income |  |  | Change in Unrealized Gain (Loss) on Derivatives Recognized in Income |
Crude Oil Tanker Index Rates Market Risk |  | Net realized loss on futures contracts and/or change in unrealized gain (loss) on futures contracts |  | $ | (1,021,428 | ) |  | $ | (68,970 | )
For the Six Months Ended December 31, 2023
Derivatives |  | Location of Gain (Loss) on Derivatives |  | Realized Gain on Derivatives Recognized in Income |  |  | Change in Unrealized Gain (Loss) on Derivatives Recognized in Income |
Crude Oil Tanker Index Rates Market Risk |  | Net realized gain on futures contracts and/or change in unrealized gain (loss) on investments and futures contracts |  | $ | 130,178 |  |  | $ | (908,697 | )

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