Teucrium Commodity Trust reported that outstanding shares of its 7RCC Spot Bitcoin and Carbon Credit Futures ETF (BTCK) increased above the 50,000-share minimum after new creation orders. The sponsor, Teucrium Trading, LLC, is no longer rejecting redemption orders on that basis. It may again reject orders if outstanding shares return to 50,000 or for other reasons listed in the Fund’s prospectus. Acceptance of redemption orders does not guarantee narrower bid-ask spreads or improved secondary-market liquidity.
Teucrium Commodity Trust (BTCK) received an amended Schedule 13G/A from institutional investor PenderFund Capital Management Ltd. reporting its current ownership position in the trust’s common stock. This Amendment No. 2 discloses that PenderFund beneficially owns 350,000 shares of common stock.
PenderFund reports holding 2.89% of the outstanding class, with sole power to vote and sole power to dispose of all 350,000 shares and no shared voting or dispositive power. The filing also confirms that PenderFund’s holdings are 5 percent or less of the class, consistent with Schedule 13G reporting for institutional investors.
Teucrium Commodity Trust (BTCK), sponsor of the 7RCC Spot Bitcoin and Carbon Credit Futures ETF, reports that the Fund’s outstanding Shares have reached the minimum level of 50,000 Shares, equal to five baskets of 10,000 Shares each. Under the Prospectus section “Creation and Redemption of Shares — Suspension or Rejection of Redemption Orders,” the Sponsor may reject any redemption order that would reduce outstanding Shares below 50,000, unless the redeemer holds all outstanding Shares. The Sponsor states it will reject such redemption orders until additional creation orders increase Shares outstanding. The Trust notes that in this situation market makers may be less willing to purchase Shares on NYSE Arca, which can result in wider bid-ask spreads, reduced secondary-market liquidity, and larger deviations of the trading price from NAV per Share.
Teucrium Commodity Trust (BTCK), through its sponsor Teucrium Trading, LLC, has authorized the Teucrium Wheat Fund to invest, at the Sponsor’s discretion, in KC Hard Red Winter Wheat futures on the Chicago Board of Trade and Hard Red Spring Wheat futures on the Minneapolis Grain Exchange.
The Fund will use these Alternative Wheat Futures Contracts only when position limits, accountability levels or price fluctuation limits restrict its ability to hold its usual Benchmark Component Futures Contracts in amounts needed to pursue its objective. The investment objective, Benchmark and Benchmark Component Futures Contracts remain unchanged, and under normal conditions the Fund will continue to focus on those benchmark contracts and cash equivalents.
The Trust notes that because these alternative contracts reference different wheat classes, delivery locations and specifications, and trade in less liquid markets, the Fund’s NAV may correlate less closely with its Benchmark when they are used. On August 31, 2026, the Trust filed a Rule 424(b)(3) prospectus supplement describing these changes.
Teucrium Commodity Trust, on behalf of Teucrium Wheat Fund, updates its prospectus to permit use of KC Hard Red Winter Wheat and MGEX Hard Red Spring Wheat futures (Alternative Wheat Futures Contracts) when position limits, accountability levels or price fluctuation limits restrict investing in the existing Benchmark Component Futures Contracts.
The investment objective and Benchmark remain unchanged, but use of Alternative Wheat Futures Contracts may lower correlation between the Fund’s NAV and the Benchmark and increase tracking error because these contracts reference different wheat classes, delivery terms and less liquid markets. As of August 28, 2026, the Fund held 9,254 CBOT Wheat Benchmark Component Futures Contracts, about 48% of the all-months-combined position limit, while the Sponsor and affiliates together held about 51% of that limit. Updated CFTC and exchange position limits are specified for CBOT Wheat, CBOT KC Hard Red Winter Wheat and MGEX Hard Red Spring Wheat.
Teucrium Commodity Trust, which includes the Teucrium corn, soybean, sugar, wheat and agricultural funds plus the 7RCC Spot Bitcoin and Carbon Credit Futures ETF (BTCK), reports substantially larger scale for the period ended June 30, 2026. Total assets rose to $616.7 million from $225.9 million at December 31 2025, with net assets increasing to $562.1 million from $213.6 million, driven mainly by $744.1 million of share creations partly offset by $359.4 million of redemptions.
The Trust generated strong interest income of $8.6 million in the first six months of 2026, but this was outweighed by trading results. For the six‑month period, it recorded a net loss of $23.6 million, primarily from realized and unrealized losses on commodity futures. Cash and cash equivalents increased sharply to $533.0 million, and equity in trading accounts to $83.2 million, reflecting higher collateral and liquidity.
Individually, the Corn, Soybean, Sugar, Wheat and Agricultural Funds all saw sizable capital inflows and higher net assets, though several reported period losses tied to futures price movements. BTCK, organized in 2025, commenced operations on June 3 2026 and held $1.1 million in bitcoin at cost as part of the combined trust assets.
Teucrium Commodity Trust changed its independent auditor in June 2026. On June 18, 2026, the Sponsor dismissed Grant Thornton LLP as the Trust’s independent registered public accounting firm. Grant Thornton’s reports for the years ended December 31, 2025 and 2024 contained no adverse opinions, disclaimers, or qualifications.
The Trust reports there were no disagreements with Grant Thornton on accounting principles, financial disclosure, or audit scope, and no reportable events during those periods. On June 23, 2026, the Trust engaged Cohen & Company, Ltd. as its new independent registered public accounting firm for the fiscal year ending December 31, 2026.