Teucrium Commodity Trust (NYSE: CANE) adds BitGo for bitcoin custody and trading

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Teucrium Commodity Trust, on behalf of its 7RCC Spot Bitcoin and Carbon Credit Futures ETF, has entered into two key agreements to handle bitcoin custody and trading. On May 18, 2026, the fund signed a new Custodial Services Agreement with BitGo Bank & Trust, under which BitGo will maintain segregated custody accounts for the fund’s bitcoin and must carry reasonable insurance coverage. The fund agrees to indemnify BitGo and certain affiliates in specified circumstances.

On May 22, 2026, the fund also entered into a Master Purchase Agreement with BitGo Prime, LLC, which will act as a Bitcoin trading counterparty. Under this agreement, the fund and BitGo Prime may buy and sell digital assets with each other through BitGo Prime’s electronic trading system, with no commissions, transaction, processing or similar fees charged to the fund. BitGo Prime may suspend or terminate system access for cause, and is only liable for gross negligence, fraud or willful misconduct.

8-K Event Classification

2 items: 1.01, 9.01

2 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Custody agreement start date: May 18, 2026 Custody agreement initial term: 1 year Non-renewal notice period: 60 days +2 more

5 metrics

Custody agreement start date May 18, 2026 Custodial Services Agreement commencement

Custody agreement initial term 1 year Duration of initial BitGo custody term

Non-renewal notice period 60 days Minimum prior notice before term expiration

Master Purchase Agreement date May 22, 2026 Date fund entered agreement with BitGo Prime

Suspension notice target 30 days BitGo Prime efforts to give prior notice of access changes

Key Terms

Custodial Services Agreement, Master Purchase Agreement, Bitcoin Trading Counterparty, segregated custody accounts, +2 more

6 terms

Custodial Services Agreement financial

"entered into a new custodial services agreement (the “Custodial Services Agreement”) with BitGo Bank & Trust"

Master Purchase Agreement financial

"entered into a new Master Purchase Agreement with BitGo Prime, LLC"

Bitcoin Trading Counterparty financial

"BitGo Prime will serve as a "Bitcoin Trading Counterparty" for the Fund"

segregated custody accounts financial

"BitGo will establish and maintain one or more segregated custody accounts"

Segregated custody accounts are accounts where a custodian holds an investor’s assets separately from the custodian’s own assets and from other clients’ holdings, like keeping each person’s valuables in their own locked box. This separation reduces the risk that an investor’s securities or cash could be used to meet the custodian’s obligations or mixed up in another client’s position, making recovery and tracking simpler and safeguarding investor funds.

indemnify financial

"The Custodial Services Agreement requires the Fund to indemnify BitGo and certain of its affiliates"

To indemnify means to promise to cover or reimburse someone for losses, costs, or legal claims that arise from a specified action or event. For investors, indemnification shifts potential financial risk—like a safety net or warranty—so a party that agrees to indemnify protects others from unexpected liabilities, which can affect a company’s future expenses, deal terms, and perceived investment risk.

gross negligence financial

"the Bitcoin Trading Counterparty may be liable for its gross negligence, fraud or willful misconduct"

Understanding 8-K Material Events →

05/22/2026 - 05:10 PM

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: May 22, 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. Employer Identification No.)

Three Main Street, Suite 215

Burlington, VT 05401

(Address of principal executive offices) (Zip Code)

(802) 540-0019

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 1.01 Entry into a Material Definitive Agreement.

Custodial Services Agreement

On May 18, 2026, 7RCC Spot Bitcoin and Carbon Credit Futures ETF (the “Fund”), a series of Teucrium Commodity Trust (the “Trust”), entered into a new custodial services agreement (the “Custodial Services Agreement”) with BitGo Bank & Trust, National Association, a national banking association chartered under the laws of the United States and authorized by the Office of the Comptroller of the Currency to exercise fiduciary and custodial powers (“BitGo” or a “Bitcoin Custodian”). Pursuant to the Custodial Services Agreement, BitGo will establish and maintain one or more segregated custody accounts, controlled and secured by BitGo, on its books for the receipt, safekeeping, and maintenance of the Fund’s bitcoin holdings. The Custodial Services Agreement requires the Fund to indemnify BitGo and certain of its affiliates and services providers in certain situations, including against certain losses arising or related to the Trust’s use of the services, breach of the Custodial Services Agreement or violation of applicable law. The Custodial Services Agreement also requires BitGo to maintain reasonable insurance policies and coverage. The Custodial Services Agreement commenced on May 18, 2026, and will continue for one year, unless earlier terminated in accordance with its terms or if either party notifies the other of its intention not to renew at least 60 days prior to the expiration of the then-current term. After the initial term, the Custodial Services Agreement will automatically renew for successive one-year periods, unless either party notifies the other of its intention not to renew with prior notice, or unless it is terminated early, in accordance with the terms of the Custodial Services Agreement.

The sponsor of the Trust, Teucrium Trading, LLC (the “Sponsor”), expects to utilize BitGo’s services to custody the Fund’s bitcoin.

The foregoing description is a summary, and does not purport to be a complete description of the Custodial Services Agreement, and is qualified in its entirety by reference to the Custodial Services Agreement, dated May 18, 2026, which is filed as Exhibit 10.15 hereto and is incorporated by reference herein.

The Sponsor may allocate the Fund’s bitcoin among Bitcoin Custodians. In designating a custodian as a bitcoin custodian for the Fund, the Sponsor considers whether the custodian provides protection against theft and loss and ensures that the transactions and trades are secure.

Master Purchase Agreement

On May 22, 2026, the Fund, entered into a new Master Purchase Agreement with BitGo Prime, LLC (“BitGo Prime”), pursuant to which BitGo Prime will serve as a "Bitcoin Trading Counterparty" for the Fund. The Master Purchase Agreement sets forth the general parameters under which a transaction in bitcoin will be effectuated, should any transaction with BitGo Prime occur. BitGo Prime is an affiliate of the Bitcoin Custodian, BitGo Bank & Trust, National Association, under common ownership. Although BitGo Prime and BitGo are affiliated, the Sponsor will engage in transactions with BitGo Prime on an arm’s-length basis. BitGo Prime is not an agent of BitGo.

Under the Master Purchase Agreement, BitGo Prime and the Fund may purchase from and sell digital assets to each other, each for its own benefit and account. To facilitate such trading services, BitGo Prime provides online access to its proprietary electronic trading system, with access to and use of the trading system being subject to the terms and conditions of the Master Purchase Agreement. The Fund will not pay any commissions and transaction, processing and other fees, including federal, state and local taxes. Payment for and delivery of the bitcoin will be due as agreed between the Trust and the Bitcoin Trading Counterparty. Delivery of the bitcoin are considered to be completed when the bitcoin are credited to the Fund’s wallet. BitGo Prime may close or suspend access to its trading system, or terminate or suspend the Fund’s access to any feature, for cause, at any time, without prior notice; provided, BitGo Prime will use reasonable efforts to provide thirty (30) days’ prior notice of such suspension, closure, or termination. The Bitcoin Trading Counterparty shall have no liability for any losses, liabilities, damages, expenses, demands charges or claims of the Fund arising from the agreement, except that the Bitcoin Trading Counterparty may be liable for its gross negligence, fraud or willful misconduct. The agreement is governed by, and construed and enforced in accordance with, the laws of the State of New York.

The foregoing description is a summary, and does not purport to be a complete description, of the Master Purchase Agreement, and is qualified in its entirety by reference to the Master Purchase Agreement, dated May 22, 2026, which is filed as Exhibit 10.16 hereto and is incorporated by reference herein.

Item 9.01. Financial Statements and Exhibits

(d)

Exhibits.

Exhibit Number	Description
10.15	Custodial Services Agreement
10.16	Master Purchase Agreement
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: May 22, 2026	By:	/s/ Sal Gilbertie
	Name:	Sal Gilbertie
	Title:	Chief Executive Officer

Source: View Original Filing on SEC EDGAR

FAQ

What new agreements did Teucrium Commodity Trust (CANE) enter into regarding bitcoin?

Teucrium’s 7RCC ETF entered a new Custodial Services Agreement with BitGo Bank & Trust on May 18, 2026, and a Master Purchase Agreement with BitGo Prime LLC on May 22, 2026, covering bitcoin custody and trading services.

How will BitGo Bank & Trust support the CANE 7RCC Spot Bitcoin and Carbon Credit Futures ETF?

BitGo Bank & Trust will establish and maintain segregated custody accounts for the fund’s bitcoin, handling receipt, safekeeping and maintenance. It must maintain reasonable insurance coverage, while the fund provides indemnification to BitGo in certain situations related to use of its services.

What role does BitGo Prime play for Teucrium Commodity Trust’s 7RCC ETF (CANE)?

BitGo Prime LLC serves as a Bitcoin Trading Counterparty under a Master Purchase Agreement. It provides online access to its proprietary trading system so the fund and BitGo Prime can buy and sell digital assets directly with each other for their own accounts.

Does the CANE 7RCC ETF pay trading commissions or fees to BitGo Prime?

Under the Master Purchase Agreement, the fund will not pay commissions, transaction, processing or other fees, including federal, state and local taxes, in connection with trading digital assets with BitGo Prime as its Bitcoin Trading Counterparty.

What are the key liability and indemnification terms in CANE’s new BitGo agreements?

For custody, the fund must indemnify BitGo and certain affiliates in specified circumstances. For trading, BitGo Prime has no liability for the fund’s losses except where its gross negligence, fraud or willful misconduct is established under the Master Purchase Agreement.

How long does the new BitGo custody agreement for Teucrium’s 7RCC ETF last?

The Custodial Services Agreement with BitGo commenced on May 18, 2026 and runs for one year. It automatically renews for successive one-year periods unless either party gives at least 60 days’ prior notice of non-renewal or it is terminated earlier under its terms.

Filing Exhibits & Attachments

6 documents