Teucrium Commodity Trust 10-Q: Bitcoin ETF Transfer & Fund Eliminations
Ticker: WEAT · Form: 10-Q · Filed: May 12, 2025 · CIK: 1471824
| Field | Detail |
|---|---|
| Company | Teucrium Commodity Trust (WEAT) |
| Form Type | 10-Q |
| Filed Date | May 12, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: ETF-transfer, fund-consolidation, quarterly-report, crypto
TL;DR
Teucrium Trust 10-Q: Bitcoin ETF moved, Ag Fund shares removed. Structural changes clear.
AI Summary
Teucrium Commodity Trust filed its 10-Q for the period ending March 31, 2025. The filing details the transfer of the Hashdex Bitcoin Futures ETF to the Tidal Commodities Trust I, with operations included up to January 3, 2024. The Trust also eliminated shares owned by the Teucrium Agricultural Fund from its statements, as these represented holdings of Underlying Funds already included as shares outstanding.
Why It Matters
This filing clarifies structural changes within the Teucrium Commodity Trust, including the transfer of a Bitcoin ETF and the elimination of inter-fund holdings, impacting how investors view the trust's consolidated assets.
Risk Assessment
Risk Level: low — The filing is a routine quarterly report and does not indicate any immediate financial distress or significant new risks.
Key Numbers
- 12,194,262 — Total Assets (As of March 31, 2025)
- 12,632,301 — Total Liabilities (As of March 31, 2025)
Key Players & Entities
- Teucrium Commodity Trust (company) — Filer of the 10-Q
- Hashdex Bitcoin Futures ETF (company) — Transferred ETF
- Tidal Commodities Trust I (company) — Recipient of transferred ETF
- January 3, 2024 (date) — Date of Hashdex Bitcoin Futures ETF liquidation
- Teucrium Agricultural Fund (company) — Fund whose shares were eliminated
- March 31, 2025 (date) — End of reporting period
FAQ
What was the specific reason for transferring the Hashdex Bitcoin Futures ETF to Tidal Commodities Trust I?
The filing states the transfer occurred as described in Note 1 to the financials, but does not elaborate on the specific business reasons for the transfer.
What is the significance of eliminating shares owned by the Teucrium Agricultural Fund?
This elimination is a consolidation measure to avoid double-counting assets, as the holdings of the Underlying Funds owned by the Teucrium Agricultural Fund are already included as shares outstanding of those Underlying Funds.
What was the net asset value (NAV) of the Teucrium Commodity Trust as of March 31, 2025?
The filing shows Total Assets of $12,194,262 and Total Liabilities of $12,632,301 as of March 31, 2025, indicating a net liability position.
When did the operations of the Hashdex Bitcoin Futures ETF cease to be included in the Trust's reporting?
The operations of the Hashdex Bitcoin Futures ETF are included through January 3, 2024, the date of its liquidation.
What is the fiscal year-end for Teucrium Commodity Trust?
The fiscal year-end for Teucrium Commodity Trust is December 31.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on May 12, 2025 regarding Teucrium Commodity Trust (WEAT).