CANE Teucrium Commodity Trust

BEARISH Impact: 5/10 S-1/A
Horizon months Filed Mar 3, 2026 Processed 3mo ago SEC 0001437749-26-006588
IPO registration amendment
Final — all horizons settled through T+60d
CANE ▲ +2.93% at T+60d
SHORT call ✗ call lost -2.93% · α vs SPY +7.15% · entry $9.20 → $9.47
Currently $9.47 · -2.88% from $9.20 entry (call sign-flipped)
Entry anchored
Mar 3, 03:59 PM ET
via Databento tick
T+1d
+0.33%
call -0.33% · α -0.90%
$9.23
settled 3mo ago
T+5d
+4.46%
call -4.46% · α -5.79%
$9.61
settled 3mo ago
T+20d
+11.74%
call -11.74% · α -16.16%
$10.28
settled 2mo ago
T+60d
+2.93%
call -2.93% · α +7.15%
$9.47
settled 13d ago

Executive Summary

Teucrium Commodity Trust is launching a new exchange-traded fund (ETF) called 7RCC Spot Bitcoin and Carbon Credit Futures ETF (BTCK) that provides exposure to bitcoin (80%) and carbon credit futures (20%) through the 7RCC Kaiko Bitcoin Carbon Credit Index. The fund is structured as a commodity pool with significant risks related to bitcoin volatility, regulatory uncertainty, custody risks, and futures market dynamics. The offering involves a best-efforts sale of Creation Baskets at $25.00 per share, with proceeds used to purchase bitcoin and carbon credit futures.

Key Financial Metrics

Price Range
$25.00 per share

Actionable Insight

Traders should be cautious about this offering due to the high concentration in volatile bitcoin (80% of assets) and complex carbon credit futures exposure. The fund's newness, lack of performance history, and significant regulatory and operational risks make it unsuitable for risk-averse investors. Monitor for potential tracking error between the fund's NAV and its index, especially during periods of market stress.

Key Facts

  • The fund invests 80% in bitcoin and 20% in carbon credit futures linked to EU ETS, California Cap and Trade, and RGGI programs
  • Significant risks include extreme bitcoin price volatility, regulatory uncertainty, custody risks, and potential contango in carbon credit futures
  • The fund is new with no performance history and faces operational risks related to its complex structure
  • The sponsor has limited capital and may be unable to continue operations if it sustains losses
  • The fund may terminate if aggregate net assets relative to operating expenses make continued operation unreasonable

Financial Impact

The fund pays a 0.68% annual sponsor fee and requires a 0.44% return just to break even over one year

expense ratiobreak-even return

Risk Factors

  • Extreme volatility in bitcoin prices could lead to significant losses
  • Regulatory changes could negatively impact bitcoin's value or the fund's operations
  • Custody risks related to holding bitcoin with Gemini Trust Company
  • Potential contango in carbon credit futures markets could negatively impact returns

Market Snapshot

Exchange
NYSE

Documents Analyzed

This report is based on 5 SEC documents filed with EDGAR.

DocumentAccession Number
S-1/A Filing (Primary)0001437749-26-006588
Exhibit: ex_927755.htm0001437749-26-006588
Document: 0001437749-26-006588-index-headers.html0001437749-26-006588
Document: 0001437749-26-006588-index.html0001437749-26-006588
Document: 0001437749-26-006588.txt0001437749-26-006588
2 reports for CANE
Performance horizon
Filters
Rows
Reports for CANE — sortable, filterable
Type Now
Mar 10, 2026
13w ago
EFFECT
NEUTRAL ★ 3/10
$9.66 $9.68▲ +0.21%▼ −11.48%$9.47 (−2.02%)
Mar 3, 2026
14w ago
S-1/A
BEARISH ★ 5/10
$9.20 $9.47▼ −2.93%▲ +7.15%$9.47 (−2.88%)
Showing 2 of 2

US Market Status

Market Open — Closes in 2h 26m

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