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Teucrium 7RCC ETF hits share minimum, limits redemptions

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.

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

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.

Positive

  • None.

Negative

  • Liquidity and pricing risk: With outstanding Shares at the 50,000 Share minimum and the Sponsor rejecting redemptions that would drop below this level, the Trust warns that bid-ask spreads may widen, secondary-market liquidity may decrease, and Share prices may deviate more from NAV per Share.
Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Minimum outstanding Shares threshold 50,000 Shares Minimum level of Shares outstanding for the 7RCC Spot Bitcoin and Carbon Credit Futures ETF
Basket size 10,000 Shares per basket Five baskets of 10,000 Shares each comprise the 50,000 Shares outstanding
Number of baskets at minimum level 5 baskets Outstanding Shares equal five baskets of 10,000 Shares each
redemption order financial
"the Sponsor reserves the right to reject a redemption order if the number"
bid-ask spreads financial
"which can lead to wider bid-ask spreads and reduced liquidity for Shares"
The bid-ask spread is the gap between the highest price someone is willing to pay for a security (the bid) and the lowest price someone will accept to sell it (the ask). Like the difference between what buyers at a garage sale will offer and what sellers want, a wider spread raises the effective cost and difficulty of trading and signals lower demand or higher uncertainty, while a narrow spread means cheaper, easier trades for investors.
NAV per Share financial
"cause the price of Shares to deviate more significantly than usual from the Fund’s NAV per Share"
NAV per share is the value of a fund or company's assets minus its liabilities, divided by the number of shares outstanding — think of it as the price of one slice of a pie made from all the holdings. Investors use it to judge whether a share’s market price is fair: if the market price is lower than NAV per share, shares may be trading at a discount; if higher, at a premium.
market makers financial
"Investors should be aware that market makers may be less willing to purchase"
Market makers are firms or traders who always stand ready to buy and sell a stock by posting continuous bid and ask prices, acting like a store that both sells and buys the same product so customers can trade anytime. They matter to investors because they keep trades flowing and determine the bid-ask spread — which affects how quickly orders execute and how much investors pay or receive when buying or selling shares.

FAQ

What did Teucrium Commodity Trust (BTCK) announce about the 7RCC ETF share count?
Teucrium Commodity Trust reported that the 7RCC Spot Bitcoin and Carbon Credit Futures ETF has reached a minimum of 50,000 Shares outstanding, representing five baskets of 10,000 Shares each, which is a threshold referenced in its Prospectus for handling redemption orders.

How does the 50,000 Share minimum affect redemptions for BTCK’s 7RCC ETF?
The Sponsor may reject any redemption order that would reduce outstanding Shares below 50,000, unless the redeemer holds and can deliver all outstanding Shares. The Sponsor states it will reject such orders until additional creations increase Shares outstanding.

What liquidity impact does Teucrium Commodity Trust (BTCK) highlight for the 7RCC ETF?
The Trust states that when the minimum 50,000 Shares are outstanding and redemptions are constrained, market makers may be less willing to purchase Shares, which can lead to wider bid-ask spreads and reduced liquidity for Shares trading on NYSE Arca.

How might BTCK’s 7RCC ETF price behave relative to NAV under these conditions?
The Trust discloses that, given the minimum Share situation and limited redemptions, the trading price of Shares on NYSE Arca may deviate more significantly than usual from the Fund’s NAV per Share.

What specific basket size does the Teucrium 7RCC ETF use according to this report?
The report notes that the Fund’s 50,000 Shares outstanding correspond to five baskets of 10,000 Shares each, indicating a 10,000 Share basket size referenced in the creation and redemption mechanics.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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false 0001471824 0001471824 2026-08-31 2026-08-31
 
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 
Date of Report: August 31, 2026
 
TEUCRIUM COMMODITY TRUST
(Exact name of registrant as specified in its charter)
 
Delaware
  
001-34765
  
61-1604335
(State or other jurisdiction of incorporation)
  
(Commission File Number)
  
(I.R.S. EmployerIdentification No.)
 
Three Main Street, Suite 215
Burlington, VT 05401
(Address of principal executive offices) (Zip Code)
 
 
Registrant’s telephone number, including area code
 
Not Applicable
(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
☐Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
  
Trading Symbol(s)
  
Name of each exchange on which registered:
7RCC Spot Bitcoin and Carbon Credit Futures ETF
  
BTCK
  
NYSE Arca
 
 
 
 
 
Item 8.01. Other Events.
 
Teucrium Trading, LLC, as sponsor (the “Sponsor”) of Teucrium Commodity Trust (the “Trust”), hereby reports that the number of outstanding shares of the 7RCC Spot Bitcoin and Carbon Credit Futures ETF (the “Fund”), a series of the Trust, has reached the minimum level of 50,000 Shares (i.e., five baskets of 10,000 Shares each).
 
As disclosed in the Fund’s Prospectus under “Creation and Redemption of Shares — Suspension or Rejection of Redemption Orders,” the Sponsor reserves the right to reject a redemption order if the number of Shares being redeemed would reduce the remaining outstanding Shares below 50,000 Shares, unless the Sponsor has reason to believe that the placer of the redemption order does in fact possess all the outstanding Shares of the Fund and can deliver them. Accordingly, the Sponsor will reject redemption orders that would cause the Fund’s outstanding Shares to fall below this minimum threshold until there are additional creation orders that increase the number of Shares outstanding.
 
Investors should be aware that market makers may be less willing to purchase Shares in the secondary market under these circumstances, which can lead to wider bid-ask spreads and reduced liquidity for Shares trading on NYSE Arca, which may cause the price of Shares to deviate more significantly than usual from the Fund’s NAV per Share.
 
Investors should read the Fund’s Prospectus, including the risk factor entitled “If a minimum number of Shares is outstanding, market makers may be less willing to purchase Shares in the secondary market which may limit your ability to sell Shares.” and the section entitled “Creation and Redemption of Shares — Suspension or Rejection of Redemption Orders,” for additional information regarding these matters. Capitalized terms used but not defined herein shall have the meanings assigned to them by the Fund’s Prospectus.
 
Item 9.01. Financial Statements and Exhibits.
 
(d) Exhibits.
 
Exhibit Number
Description
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
 
 
 
 
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
Teucrium Commodity Trust
By: Teucrium Trading, LLC, its sponsor
 
Date: August 31, 2026
 
By: /s/ Sal Gilbertie
Name: Sal Gilbertie
Title: Chief Executive Officer
 
 

Source: View Original Filing on SEC EDGAR

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