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Get filing alertsTeucrium's Bitcoin ETF appoints BitGo as custodian and trading counterparty
Filed May 22, 2026 · Period ending May 22, 2026 · ~1 min read
Key Changes
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Fund hired BitGo Bank & Trust to hold bitcoin in segregated custody accounts starting May 18, 2026, with one-year auto-renewing term—a new service provider for safeguarding digital assets.
Item 1.01 verify on EDGAR → -
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Fund signed trading agreement with BitGo Prime on May 22, 2026 to execute bitcoin purchases and sales; Fund pays transaction fees but no commissions.
Item 1.01 verify on EDGAR → -
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BitGo Prime (trading counterparty) and BitGo Bank (custodian) are affiliates under common ownership, creating related-party relationship despite claimed arm's-length dealings.
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Fund must indemnify BitGo and affiliates for losses from service use, contract breaches, or legal violations—shifting liability risk to shareholders.
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BitGo Prime has limited liability except for gross negligence, fraud, or willful misconduct—Fund bears most operational and market risks from trading.
Item 1.01 verify on EDGAR →
Summary
Teucrium's 7RCC Spot Bitcoin and Carbon Credit Futures ETF has appointed BitGo as both its bitcoin custodian and trading partner through two agreements signed in May 2026. BitGo Bank & Trust will hold the Fund's bitcoin in segregated custody accounts, while affiliated entity BitGo Prime will facilitate bitcoin trades through an electronic trading system.
This consolidates critical bitcoin infrastructure with a single corporate group. Retail holders should note the related-party structure: the same ownership controls both where the Fund's bitcoin sits and how it trades. While management claims arm's-length dealings, this concentration creates counterparty risk if BitGo faces operational or financial stress.
Additionally, the Fund has agreed to indemnify BitGo for various losses and faces limited recourse against BitGo Prime except in cases of gross negligence or fraud—meaning shareholders absorb most operational risks. Watch for the Fund's next quarterly report to see bitcoin holdings, custody fees paid to BitGo, and any trading activity with BitGo Prime. Investors should also monitor whether the Fund diversifies to additional custodians or trading counterparties to reduce single-vendor concentration risk.
Section-by-Section Diff
Event · Item 1.01 — Entry into a Material Definitive Agreement
Fund entered into agreements with BitGo for bitcoin custody and trading services effective May 2026.
Added in current filing · verify on EDGAR →
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.
The Fund entered into a trading agreement with BitGo Prime to facilitate bitcoin purchases and sales. BitGo Prime provides electronic trading system access for the Fund to execute bitcoin transactions. The Fund will not pay commissions but will pay transaction, processing and other fees including taxes.
Added in current filing · verify on EDGAR →
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.
The Fund's bitcoin trading counterparty and its bitcoin custodian are affiliated entities under common ownership. While the Sponsor states it will transact on an arm's-length basis, this creates a related party relationship where the same corporate group controls both custody and trading services for the Fund's bitcoin holdings.
Added in current filing · verify on EDGAR →
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 Fund has agreed to indemnify BitGo and its affiliates for losses related to the Fund's use of custody services, breaches of the agreement, or legal violations. This shifts certain liability risks from the custodian to the Fund and ultimately its shareholders.
Event · Item 9.01 — Financial Statements and Exhibits
Teucrium Commodity Trust filed exhibits for a Custodial Services Agreement and Master Purchase Agreement with no material business details disclosed.
Show 2 minor / wording changes
Added in current filing · verify on EDGAR →
10.15 Custodial Services Agreement
The company filed a new Custodial Services Agreement as Exhibit 10.15. No terms, counterparty names, or financial details are disclosed in the 8-K body itself, making this a procedural filing of a material contract.
Added in current filing · verify on EDGAR →
10.16 Master Purchase Agreement
The company filed a new Master Purchase Agreement as Exhibit 10.16. No terms, counterparty names, or financial details are disclosed in the 8-K body itself, making this a procedural filing of a material contract.
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Figures/quotes linked to EDGAR · Narrative written by AI · May 24, 2026 · How we verify