Note 4 - Fair Value Measurements - Hashdex Bitcoin Futures ETF

6 Months Ended

Jun. 30, 2024

Notes to Financial Statements

Fair Value Disclosures [Text Block]

Note 4 – Fair Value Measurements

The Trust’s assets and liabilities recorded at fair value have been categorized based upon a fair value hierarchy as described in the Trust’s significant accounting policies in Note 3. The following table presents information about the Trust’s assets and liabilities measured at fair value as of June 30, 2024 and December 31, 2023:

Assets:	Level 1		Level 2		Level 3		Balance as of June 30, 2024
Cash Equivalents	$	198,161,089	$	-	$	-	$	198,161,089
Commodity Futures Contracts
Sugar futures contracts		24,592		-		-		24,592
Total	$	198,185,681	$	-	$	-	$	198,185,681

Liabilities	Level 1		Level 2		Level 3		Balance as of June 30, 2024
Commodity Futures Contracts
Corn futures contracts	$	8,745,343	$	-	$	-	$	8,745,343
Soybean futures contracts		2,423,849		-		-		2,423,849
Sugar futures contracts		590,927		-		-		590,927
Wheat futures contracts		14,988,167		-		-		14,988,167
Total	$	26,748,286	$	-	$	-	$	26,748,286

Assets:	Level 1		Level 2		Level 3		Balance as of December 31, 2023
Cash Equivalents	$	263,089,306	$	-	$	-	$	263,089,306
Commodity and Cryptocurrency Futures Contracts
Wheat futures contracts		2,237,493		-		-		2,237,493
Bitcoin futures contracts		129,519		-		-		129,519
Total	$	265,456,318	$	-	$	-	$	265,456,318

Liabilities	Level 1		Level 2		Level 3		Balance as of December 31, 2023
Commodity and Cryptocurrency Futures Contracts
Corn futures contracts	$	2,182,141	$	-	$	-	$	2,182,141
Soybean futures contracts		1,391,661		-		-		1,391,661
Sugar futures contracts		2,687,998		-		-		2,687,998
Wheat futures contracts		4,575,666		-		-		4,575,666
Bitcoin futures contracts		51,376		-		-		51,376
Total	$	10,888,842	$	-	$	-	$	10,888,842

For the three and six months ended June 30, 2024 and year ended December 31, 2023, the Funds did not have any significant transfers between any of the levels of the fair value hierarchy. The determination is made as of the settlement of the futures contracts on the last day of trading for the reporting period. In making the determination of a Level 1 or Level 2 transfer, the Funds consider the average volume of the specific underlying futures contracts traded on the relevant exchange for the periods being reported.

See the Fair Value - Definition and Hierarchy section in Note 3 above for an explanation of the transfers into and out of each level of the fair value hierarchy.

Hashdex Bitcoin Futures ETF [Member]

Notes to Financial Statements

Fair Value Disclosures [Text Block]

Note 4 – Fair Value Measurements

The Fund’s assets and liabilities recorded at fair value have been categorized based upon a fair value hierarchy as described in the Fund’s significant accounting policies in Note 3. The following table presents information about the Fund’s assets and liabilities measured at fair value as of December 31, 2023. The Fund did not have any assets or liabilities as of June 30, 2024.

December 31, 2023

							Balance as of
Assets:	Level 1		Level 2		Level 3		December 31, 2023
Cash Equivalents	$	1,867,663	$	-	$	-	$	1,867,663
Bitcoin futures contracts		129,519		-		-		129,519
Total	$	1,997,182	$	-	$	-	$	1,997,182

							Balance as of
Liabilities	Level 1		Level 2		Level 3		December 31, 2023
Bitcoin futures contracts	$	51,376	$	-	$	-	$	51,376

For the three and six months ended June 30, 2024 and year ended December 31, 2023, the Fund did not have any significant transfers between any of the levels of the fair value hierarchy. 

See the Fair Value - Definition and Hierarchy section in Note 3 above for an explanation of the transfers into and out of each level of the fair value hierarchy.