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Statements of Operations (Unaudited) - Teucrium Agricultural Fund - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Realized and unrealized gain (loss) on trading of commodity futures contracts:        
Net change in unrealized appreciation (depreciation) on commodity and cryptocurrency futures contracts $ 11,792,810 $ 112,241,847 [1],[2] $ (2,677,343) $ (15,553,587) [1],[2]
Interest income 4,636,897 3,411,665 [2] 13,164,733 5,411,206 [2]
Total (loss) income (26,466,457) 12,375,199 [2] (74,950,019) (24,808,854)
Expenses        
Professional fees 589,097 202,539 [2] 1,592,324 1,012,066 [2]
Distribution and marketing fees 1,024,521 1,170,838 [2] 2,928,637 3,058,779 [2]
Custodian fees and expenses 115,736 151,161 [2] 333,733 280,651 [2]
Business permits and licenses fees 42,299 17,473 [2] 113,427 114,848 [2]
General and administrative expenses 52,966 46,910 [2] 226,049 257,025 [2]
Other expenses 8 21 [2] 8 26 [2]
Total expenses 2,714,655 3,255,730 [2] 7,923,985 9,844,645 [2]
Expenses waived by the Sponsor (168,505) (62,609) [2] (578,373) (1,115,590) [2]
Total expenses, net 2,546,150 3,193,121 [2] 7,345,612 8,729,055 [2]
Net (loss) income (29,012,607) 9,182,078 [2] (82,295,631) (33,537,909) [2]
Teucrium Agricultural Fund [Member]        
Realized and unrealized gain (loss) on trading of commodity futures contracts:        
Realized gain (loss) on securities 27,457 (172,369) 183,856 489,743
Net change in unrealized appreciation (depreciation) on commodity and cryptocurrency futures contracts 5,075 179,600 (1,012,507) (1,786,575)
Interest income 149 302 421 352
Total (loss) income 32,681 7,533 (828,230) (1,296,480)
Expenses        
Professional fees 34,565 14,817 186,614 44,710
Distribution and marketing fees 40,140 51,970 142,674 134,119
Custodian fees and expenses 3,942 7,455 19,341 12,324
Business permits and licenses fees 1,805 1,000 12,240 11,721
General and administrative expenses 2,248 2,026 15,124 9,987
Other expenses 8 21 8 26
Total expenses 82,708 77,289 376,001 212,887
Expenses waived by the Sponsor (77,482) (62,059) (355,731) (176,222)
Total expenses, net 5,226 15,230 20,270 36,665
Net (loss) income $ 27,455 $ (7,697) $ (848,500) $ (1,333,145)
Net (loss) gain per share (in dollars per share) $ 0 $ (0.02) $ (1.02) $ 4.06
Net (loss) gain per weighted average share (in dollars per share) $ 0.04 $ (0.01) $ (0.87) $ (1.19)
Weighted average shares outstanding (in shares) 739,540 1,537,230 972,896 1,120,973
[1] The Fund commenced operations on September 15, 2022.
[2] The Hashdex Bitcoin Futures ETF commenced operations on September 15, 2022.