Teucrium Commodity Trust reported Q3 2025 results. Combined net assets were $211.5 million as of September 30, 2025, down from $224.6 million at December 31, 2024.
For the nine months ended September 30, 2025, the Trust recorded a net loss of $22.8 million, driven by $30.9 million in realized losses on futures, partly offset by a $6.9 million increase in unrealized appreciation and $6.8 million of interest income. Net expenses were $5.6 million after sponsor waivers.
Liquidity remained strong with $204.3 million in cash and cash equivalents, including $94.6 million in commercial paper and $78.9 million in money market funds. Capital activity during the nine months included $62.2 million of share issuances and $54.3 million of redemptions. As of November 7, 2025, outstanding shares included Wheat 28,525,004, Corn 2,825,004, Soybean 2,250,004, Sugar 1,550,004, and Agricultural 337,502. The Hashdex Bitcoin Futures ETF operations are included only through January 3, 2024, the date of liquidation and transfer.
Teucrium Commodity Trust announced a one-for-five reverse split for the Teucrium Wheat Fund (WEAT). The split will occur at 5:00 p.m. Eastern Standard Time on November 24, 2025 and will be effective on November 25, 2025.
After the reverse split, every five pre-split shares will combine into one post-split share. The number of shares outstanding will decrease proportionately, while the price per share will be five times the net asset value of a pre-split share, leaving each investor’s overall value unchanged. The Trust attached a press release as Exhibit 99.1 detailing the action.
PenderFund Capital Management Ltd. reported beneficial ownership of 3,480,000 shares of Teucrium Commodity Trust common stock, representing 12.85% of the class. The filer states sole voting and dispositive power over all reported shares and certifies the position is held in the ordinary course of business and not to influence control. The filing cites the event date 09/30/2025 and is signed on 10/10/2025.
Teucrium Commodity Trust is launching the 7RCC Spot Bitcoin and Carbon Credit Futures ETF, an exchange-traded commodity pool designed to track an index made up of 80% bitcoin and 20% carbon credit futures. Shares will trade on NYSE Arca under the symbol BTCK and are offered continuously in 10,000‑share Creation Baskets, with cash creations and redemptions handled through Authorized Purchasers.
The Fund seeks to mirror daily moves in the 7RCC Kaiko Bitcoin Carbon Credit Index, while targeting a one‑year breakeven of about 0.16% on an assumed $25.00 share price after expenses and income. It charges a 0.68% annual Sponsor Fee and is regulated as a commodity pool by the CFTC and NFA, but is not registered under the Investment Company Act, so shareholders do not receive the protections of a traditional registered investment company.