ETF Managers Group Commodity Tr (BWET) 10-Q14 May 212021 Q3 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Mar. 31, 2021	May 03, 2021
Document and Entity Information [Abstract]
Entity Registrant Name	ETF Managers Group Commodity Trust I
Entity Central Index Key	0001610940
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Document Type	10-Q
Document Period End Date	Mar. 31, 2021
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2021
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Shell Company	false
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Interactive Data Current	Yes
Entity File Number	001-36851
Entity Incorporation State Country Code	DE
Entity Common Stock, Shares Outstanding		3,600,040

Combined Statements of Assets a

Combined Statements of Assets and Liabilities (Unaudited) - USD ($)		Mar. 31, 2021	Jun. 30, 2020
Assets
Investment in securities, at fair value			$ 12,866,631
Segregated cash held by broker			28,222,274
Receivable on open futures contracts			8,581,555
Interest receivable			545
Total assets			49,671,005
Liabilities
Options written, at fair value			4,148
Payable on open futures contracts			5,144
Payable for Fund shares redeemed			192,533
Due to Sponsor			88,459
Other accrued expenses			37,053
Total liabilities			327,337
Net Assets			49,343,668
BREAKWAVE DRY BULK SHIPPING ETF
Assets
Investment in securities, at fair value		$ 10,298,204	7,986,862
Cash		1,123,395
Segregated cash held by broker		32,006,396	28,020,391
Receivable on open futures contracts		2,576,110	8,581,555
Interest receivable		266	545
Total assets		46,004,371	44,589,353
Liabilities
Options written, at fair value
Payable on open futures contracts
Payable for Fund shares redeemed		428,490	192,533
Due to Sponsor		140,425	84,280
Other accrued expenses			37,053
Other accrued expenses		37,365
Total liabilities		606,280	313,866
Net Assets		$ 45,398,091	$ 44,275,487
Shares outstanding (unlimited authorized)		$ 2,700,040	$ 5,750,040
Net asset value per share		16.81	7.70
Market value per share		$ 16.92	$ 7.39
ETF MANAGERS GROUP COMMODITY TRUST I
Assets
Investment in securities, at fair value	[1]	$ 10,298,204
Cash	[1]	1,123,395
Segregated cash held by broker	[1]	32,006,396
Receivable on open futures contracts	[1]	2,576,110
Interest receivable	[1]	266
Total assets	[1]	46,004,371
Liabilities
Payable for Fund shares redeemed	[1]	428,490
Due to Sponsor	[1]	140,425
Other accrued expenses	[1]	37,365
Total liabilities	[1]	606,280
Net Assets		$ 45,398,091
SIT RISING RATE ETF
Assets
Investment in securities, at fair value			$ 4,879,769
Segregated cash held by broker			201,883
Receivable on open futures contracts
Interest receivable
Total assets			5,081,652
Liabilities
Options written, at fair value			4,148
Payable on open futures contracts			5,144
Payable for Fund shares redeemed
Due to Sponsor			4,179
Other accrued expenses
Total liabilities			13,471
Net Assets			$ 5,068,181
Shares outstanding (unlimited authorized)			$ 250,040
Net asset value per share			20.27
Market value per share			$ 20.26

[1]	SIT Rising Rate ETF, which had been a series of the Trust, liquidated as of November 18, 2020.

Combined Statements of Assets_2

Combined Statements of Assets and Liabilities (Unaudited) (Parenthetical) - USD ($)	Mar. 31, 2021	Jun. 30, 2020
BREAKWAVE DRY BULK SHIPPING ETF
Securities, at fair value	$ 10,298,204	$ 7,986,862
Options written, premiums received		0
SIT RISING RATE ETF
Securities, at fair value		4,883,666
Options written, premiums received		$ 3,204

Combined Schedules of Investmen

Combined Schedules of Investments (Unaudited)		9 Months Ended		12 Months Ended
Combined Schedules of Investments (Unaudited)		Mar. 31, 2021USD ($)Number		Jun. 30, 2020USD ($)Numbershares
Investment owned, at Fair value		$ 45,398,091		$ 49,343,668
US Treasury Securities [Member]
Investment owned, at Fair value				4,849,667
ETF MANAGERS GROUP COMMODITY TRUST I
Investment owned, at Fair value	[1]	45,398,091
BREAKWAVE DRY BULK SHIPPING ETF [Member]
Investment owned, at Fair value		45,398,091		44,275,487
BREAKWAVE DRY BULK SHIPPING ETF \| US Treasury Securities [Member]
Investment owned, at Fair value	[2]
SIT RISING RATE ETF
Investment owned, at Fair value				5,068,181
SIT RISING RATE ETF \| US Treasury Securities [Member]
Investment owned, at Fair value	[2]			4,849,667
Money Market Funds [Member]
Investment owned, at Fair value				8,002,668
Money Market Funds [Member] \| ETF MANAGERS GROUP COMMODITY TRUST I
Investment owned, at Fair value		10,298,204
Money Market Funds [Member] \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, at Fair value		10,298,204		7,986,862
Money Market Funds [Member] \| SIT RISING RATE ETF
Investment owned, at Fair value				15,806
Money Market Funds [Member] \| First American US Treasury Obligations Fund, Class X
Investment owned, at Fair value				$ 7,986,862
Money Market Funds [Member] \| First American US Treasury Obligations Fund, Class X \| ETF MANAGERS GROUP COMMODITY TRUST I
Investment owned, at Fair value	[3]	10,298,204
Money Market Funds [Member] \| First American US Treasury Obligations Fund, Class X \| BREAKWAVE DRY BULK SHIPPING ETF [Member]
Investment owned, Balance, Shares \| shares	[4]			7,986,862
Investment owned, at Fair value		10,298,204	[3]	$ 7,986,862	[4]
Money Market Funds [Member] \| First American US Treasury Money Market Fund Class Z [Member]
Investment owned, at Fair value				$ 15,806
Money Market Funds [Member] \| First American US Treasury Money Market Fund Class Z [Member] \| SIT RISING RATE ETF
Investment owned, Balance, Shares \| shares	[4]			15,806
Investment owned, at Fair value	[4]			$ 15,806
Investments [Member]
Investment owned, at Fair value				12,866,631
Investments [Member] \| ETF MANAGERS GROUP COMMODITY TRUST I
Investment owned, at Fair value		10,298,204
Investments [Member] \| BREAKWAVE DRY BULK SHIPPING ETF [Member]
Investment owned, at Fair value		10,298,204		7,986,862
Investments [Member] \| SIT RISING RATE ETF
Investment owned, at Fair value				4,879,769
Other Assets in Excess of Liabilities
Investment owned, at Fair value	[2]			36,477,037
Other Assets in Excess of Liabilities \| ETF MANAGERS GROUP COMMODITY TRUST I
Investment owned, at Fair value	[5]	35,099,887
Other Assets in Excess of Liabilities \| BREAKWAVE DRY BULK SHIPPING ETF [Member]
Investment owned, at Fair value		35,099,887	[5]	36,288,625	[2]
Other Assets in Excess of Liabilities \| SIT RISING RATE ETF
Investment owned, at Fair value	[2]			188,412
Futures Contracts
Value investment owned, Appreciation/(Depreciation)				8,581,555
Futures Contracts \| ETF MANAGERS GROUP COMMODITY TRUST I
Investment owned, at Fair value		2,576,110
Futures Contracts \| BREAKWAVE DRY BULK SHIPPING ETF
Value investment owned, Appreciation/(Depreciation)		2,576,110		8,581,555
Futures Contracts \| Baltic Exchange Panamax T/C Average Shipping Route Index Expiring July 31, 2020 [Member]
Value investment owned, Appreciation/(Depreciation)				556,225
Futures Contracts \| Baltic Exchange Panamax T/C Average Shipping Route Index Expiring July 31, 2020 [Member] \| BREAKWAVE DRY BULK SHIPPING ETF
Value investment owned, Appreciation/(Depreciation)				556,225
Futures Contracts \| Baltic Exchange Panamax T/C Average Shipping Route Index Expiring August 28, 2020 [Member]
Value investment owned, Appreciation/(Depreciation)				512,475
Futures Contracts \| Baltic Exchange Panamax T/C Average Shipping Route Index Expiring August 28, 2020 [Member] \| BREAKWAVE DRY BULK SHIPPING ETF
Value investment owned, Appreciation/(Depreciation)				512,475
Futures Contracts \| Baltic Exchange Panamax T/C Average Shipping Route Index Expiring September 25, 2020 [Member]
Value investment owned, Appreciation/(Depreciation)				492,625
Futures Contracts \| Baltic Exchange Panamax T/C Average Shipping Route Index Expiring September 25, 2020 [Member] \| BREAKWAVE DRY BULK SHIPPING ETF
Value investment owned, Appreciation/(Depreciation)				492,625
Futures Contracts \| Baltic Exchange Supramax T/C Average Shipping Route Expiring July 31, 2020 [Member]
Value investment owned, Appreciation/(Depreciation)				(5,020)
Futures Contracts \| Baltic Exchange Supramax T/C Average Shipping Route Expiring July 31, 2020 [Member] \| BREAKWAVE DRY BULK SHIPPING ETF
Value investment owned, Appreciation/(Depreciation)				(5,020)
Futures Contracts \| Baltic Exchange Supramax T/C Average Shipping Route Expiring August 28, 2020 [Member]
Value investment owned, Appreciation/(Depreciation)				199,250
Futures Contracts \| Baltic Exchange Supramax T/C Average Shipping Route Expiring August 28, 2020 [Member] \| BREAKWAVE DRY BULK SHIPPING ETF
Value investment owned, Appreciation/(Depreciation)				199,250
Futures Contracts \| Baltic Exchange Supramax T/C Average Shipping Route Expiring September 25, 2020 [Member]
Value investment owned, Appreciation/(Depreciation)				222,470
Futures Contracts \| Baltic Exchange Supramax T/C Average Shipping Route Expiring September 25, 2020 [Member] \| BREAKWAVE DRY BULK SHIPPING ETF
Value investment owned, Appreciation/(Depreciation)				222,470
Futures Contracts \| Baltic Capesize Time Charter Expiring July 31, 2020 [Member]
Value investment owned, Appreciation/(Depreciation)				3,644,720
Futures Contracts \| Baltic Capesize Time Charter Expiring July 31, 2020 [Member] \| BREAKWAVE DRY BULK SHIPPING ETF
Value investment owned, Appreciation/(Depreciation)				3,644,720
Futures Contracts \| Baltic Capesize Time Charter Expiring August 28, 2020 [Member]
Value investment owned, Appreciation/(Depreciation)				1,977,550
Futures Contracts \| Baltic Capesize Time Charter Expiring August 28, 2020 [Member] \| BREAKWAVE DRY BULK SHIPPING ETF
Value investment owned, Appreciation/(Depreciation)				1,977,550
Futures Contracts \| Baltic Capesize Time Charter Expiring September 25, 2020 [Member]
Value investment owned, Appreciation/(Depreciation)				$ 981,260
Futures Contracts \| Baltic Capesize Time Charter Expiring September 25, 2020 [Member] \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, Balance, Contracts \| Number				520
Value investment owned, Appreciation/(Depreciation)				$ 981,260
Futures Contracts \| Baltic Exchange Panamax T/C Average Shipping Route Index Expiring July 31, 2020 [Member] \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, Balance, Contracts \| Number				350
Futures Contracts \| Baltic Exchange Panamax T/C Average Shipping Route Index Expiring August 28, 2020 [Member] \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, Balance, Contracts \| Number				350
Futures Contracts \| Baltic Exchange Panamax T/C Average Shipping Route Index Expiring September 25, 2020 [Member] \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, Balance, Contracts \| Number				350
Futures Contracts \| Baltic Exchange Supramax T/C Average Shipping Route Expiring July 31, 2020 [Member] \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, Balance, Contracts \| Number				180
Futures Contracts \| Baltic Exchange Supramax T/C Average Shipping Route Expiring August 28, 2020 [Member] \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, Balance, Contracts \| Number				180
Futures Contracts \| Baltic Exchange Supramax T/C Average Shipping Route Expiring September 25, 2020 [Member] \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, Balance, Contracts \| Number				180
Futures Contracts \| Baltic Capesize Time Charter Expiring July 31, 2020 [Member] \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, Balance, Contracts \| Number				380
Futures Contracts \| Baltic Capesize Time Charter Expiring August 28, 2020 [Member] \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, Balance, Contracts \| Number				450
Futures Contracts \| Baltic Exchange Panamax T/C Average Shipping Route Index Expiring April 30, 2021 [Member] \| ETF MANAGERS GROUP COMMODITY TRUST I
Investment owned, at Fair value		$ (105,725)
Futures Contracts \| Baltic Exchange Panamax T/C Average Shipping Route Index Expiring April 30, 2021 [Member] \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, Balance, Contracts \| Number		265
Value investment owned, Appreciation/(Depreciation)		$ (105,725)
Futures Contracts \| Baltic Exchange Panamax T/C Average Shipping Route Index Expiring May 31, 2021 [Member] \| ETF MANAGERS GROUP COMMODITY TRUST I
Investment owned, at Fair value		$ (274,390)
Futures Contracts \| Baltic Exchange Panamax T/C Average Shipping Route Index Expiring May 31, 2021 [Member] \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, Balance, Contracts \| Number		305
Value investment owned, Appreciation/(Depreciation)		$ (274,390)
Futures Contracts \| Baltic Exchange Panamax T/C Average Shipping Route Index Expiring June 30, 2021 [Member] \| ETF MANAGERS GROUP COMMODITY TRUST I
Investment owned, at Fair value		$ (624,495)
Futures Contracts \| Baltic Exchange Panamax T/C Average Shipping Route Index Expiring June 30, 2021 [Member] \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, Balance, Contracts \| Number		295
Value investment owned, Appreciation/(Depreciation)		$ (624,495)
Futures Contracts \| Baltic Exchange Supramax Average Shipping Route Expiring April 30, 2021 [Member] \| ETF MANAGERS GROUP COMMODITY TRUST I
Investment owned, at Fair value		$ 192,125
Futures Contracts \| Baltic Exchange Supramax Average Shipping Route Expiring April 30, 2021 [Member] \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, Balance, Contracts \| Number		85
Value investment owned, Appreciation/(Depreciation)		$ 192,125
Futures Contracts \| Baltic Exchange Supramax Average Shipping Route Expiring May 31, 2021 [Member] \| ETF MANAGERS GROUP COMMODITY TRUST I
Investment owned, at Fair value		$ 132,315
Futures Contracts \| Baltic Exchange Supramax Average Shipping Route Expiring May 31, 2021 [Member] \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, Balance, Contracts \| Number		85
Value investment owned, Appreciation/(Depreciation)		$ 132,315
Futures Contracts \| Baltic Exchange Supramax Average Shipping Route Expiring June 30, 2021 [Member] \| ETF MANAGERS GROUP COMMODITY TRUST I
Investment owned, at Fair value		$ (1,840)
Futures Contracts \| Baltic Exchange Supramax Average Shipping Route Expiring June 30, 2021 [Member] \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, Balance, Contracts \| Number		85
Value investment owned, Appreciation/(Depreciation)		$ (1,840)
Futures Contracts \| Baltic Capesize Time Charter Expiring April 30, 2021 [Member] \| ETF MANAGERS GROUP COMMODITY TRUST I
Investment owned, at Fair value		$ 578,830
Futures Contracts \| Baltic Capesize Time Charter Expiring April 30, 2021 [Member] \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, Balance, Contracts \| Number		360
Value investment owned, Appreciation/(Depreciation)		$ 578,830
Futures Contracts \| Baltic Capesize Time Charter Expiring May 31, 2021 [Member] \| ETF MANAGERS GROUP COMMODITY TRUST I
Investment owned, at Fair value		$ 1,336,375
Futures Contracts \| Baltic Capesize Time Charter Expiring May 31, 2021 [Member] \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, Balance, Contracts \| Number		315
Value investment owned, Appreciation/(Depreciation)		$ 1,336,375
Futures Contracts \| Baltic Capesize Time Charter Expiring June 30, 2021 [Member] \| ETF MANAGERS GROUP COMMODITY TRUST I
Investment owned, at Fair value		$ 1,342,915
Futures Contracts \| Baltic Capesize Time Charter Expiring June 30, 2021 [Member] \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, Balance, Contracts \| Number		315
Value investment owned, Appreciation/(Depreciation)		$ 1,342,915
Short Futures Contracts
Value investment owned, Appreciation/(Depreciation)				$ (5,144)
Short Futures Contracts \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, at Fair value
Short Futures Contracts \| SIT RISING RATE ETF
Value investment owned, Appreciation/(Depreciation)				(5,144)
Short Futures Contracts \| US Treasury 5 Year Note
Value investment owned, Appreciation/(Depreciation)				(5,899)
Short Futures Contracts \| US Treasury 5 Year Note \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, at Fair value
Short Futures Contracts \| US Treasury 5 Year Note \| SIT RISING RATE ETF
Investment owned, Balance, Contracts \| Number				37
Value investment owned, Appreciation/(Depreciation)				$ (5,899)
Short Futures Contracts \| US Treasury 2 Year Note
Value investment owned, Appreciation/(Depreciation)				755
Short Futures Contracts \| US Treasury 2 Year Note \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, at Fair value
Short Futures Contracts \| US Treasury 2 Year Note \| SIT RISING RATE ETF
Investment owned, Balance, Contracts \| Number				46
Value investment owned, Appreciation/(Depreciation)				$ 755
Purchased Options [Member]
Investment owned, at Fair value				14,296
Purchased Options [Member] \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, at Fair value
Purchased Options [Member] \| SIT RISING RATE ETF
Investment owned, at Fair value				$ 14,296
Purchased Options [Member] \| U.S. Treasury 10 Year Note [Member]
Investment owned, Balance, Contracts \| Number				15
Investment owned, at Fair value				$ 14,296
Purchased Options [Member] \| U.S. Treasury 10 Year Note [Member] \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, at Fair value
Purchased Options [Member] \| U.S. Treasury 10 Year Note [Member] \| SIT RISING RATE ETF
Investment owned, at Fair value				14,296
Short-term Investments [Member] \| US Treasury Securities [Member]
Investment owned, at Fair value				4,849,667
Short-term Investments [Member] \| BREAKWAVE DRY BULK SHIPPING ETF \| US Treasury Securities [Member]
Investment owned, at Fair value	[2]
Short-term Investments [Member] \| SIT RISING RATE ETF \| US Treasury Securities [Member]
Investment owned, at Fair value	[2]			4,849,667
Written Options Contracts [Member] \| US Treasury 5 Year Note
Investment owned, at Fair value				(4,148)
Written Options Contracts [Member] \| US Treasury 5 Year Note \| BREAKWAVE DRY BULK SHIPPING ETF
Investment owned, at Fair value
Written Options Contracts [Member] \| US Treasury 5 Year Note \| SIT RISING RATE ETF
Investment owned, Balance, Contracts \| Number				9
Investment owned, at Fair value				$ (4,148)

[1]	SIT Rising Rate ETF, which had been a series of the Trust, liquidated as of November 18, 2020.
[2]	$27,827,859 and $4,849,667, respectively, of cash is pledged as collateral for futures contracts and written options
[3]	Annualized seven-day yield as of March 31, 2021
[4]	Annualized seven-day yield as of June 30, 2020
[5]	$32,006,396 of cash is pledged as collateral for futures contracts

Combined Schedules of Investm_2

Combined Schedules of Investments (Unaudited) (Parenthetical) - USD ($)		12 Months Ended
		Jun. 30, 2020		Mar. 31, 2021
SIT RISING RATE ETF [Member]
Investment owned, Percent of net assets		100.00%
BREAKWAVE DRY BULK SHIPPING ETF [Member]
Investment owned, Percent of net assets		100.00%		100.00%
Purchased Options [Member] \| U.S. Treasury 10 Year Note [Member] \| SIT RISING RATE ETF [Member]
Investment owned, Subject to option, Price		$ 139.50
Investment owned, Subject to option, Exercise dates		08/21/20
Investment owned, at cost		$ 22,316
Investment owned, Percent of net assets		0.00%
Purchased Options [Member] \| U.S. Treasury 10 Year Note [Member] \| BREAKWAVE DRY BULK SHIPPING ETF [Member]
Investment owned, Percent of net assets	[1]	0.12%
Short-term Investments [Member] \| SIT RISING RATE ETF [Member]
Investment owned, Percent of net assets		0.00%
Short-term Investments [Member] \| BREAKWAVE DRY BULK SHIPPING ETF [Member]
Investment owned, Percent of net assets		95.70%
Short-term Investments [Member] \| U.S. Treasury 10 Year Note [Member] \| SIT RISING RATE ETF [Member]
Investment owned, at cost		$ 4,845,544
Investment owned, Principal amount	[1]	$ 4,850,000
Written Options Contracts [Member] \| U.S. Treasury 5 Year Note [Member] \| SIT RISING RATE ETF [Member]
Investment owned, Subject to option, Price		$ 125.50
Investment owned, Subject to option, Exercise dates	[1]	07/23/2020
Investment owned premiums received		$ 3,204
Short Futures Contracts [Member] \| U.S. Treasury 5 Year Note [Member] \| SIT RISING RATE ETF [Member]
Investment owned, Principal amount		4,652,461
Short Futures Contracts [Member] \| U.S. Treasury 2 Year Note [Member] \| SIT RISING RATE ETF [Member]
Investment owned, Principal amount		10,158,094
Money Market Funds [Member] \| SIT RISING RATE ETF [Member]
Investment owned, at cost		$ 15,806
Investment owned, Percent of net assets		0.03%
Money Market Funds [Member] \| BREAKWAVE DRY BULK SHIPPING ETF [Member]
Investment owned, at cost		$ 7,986,862		$ 10,298,204
Investment owned, Percent of net assets		18.00%		22.70%
Money Market Funds [Member] \| First American US Treasury Money Market Fund Class Z [Member] \| SIT RISING RATE ETF [Member]
Investment owned, at cost	[2]	$ 15,806
Investment owned, Percent of net assets	[2]	0.04%
Money Market Funds [Member] \| First American US Treasury Obligations Fund Class X [Member] \| BREAKWAVE DRY BULK SHIPPING ETF [Member]
Investment owned, at cost		$ 7,986,862	[2]	$ 10,298,204	[3]
Investment owned, Percent of net assets		0.08%	[2]	0.03%	[3]
Investments [Member] \| SIT RISING RATE ETF [Member]
Investment owned, at cost		$ 4,883,666
Investment owned, Percent of net assets		96.30%
Investments [Member] \| BREAKWAVE DRY BULK SHIPPING ETF [Member]
Investment owned, at cost		$ 7,986,862		$ 10,298,204
Investment owned, Percent of net assets		18.00%		22.70%
Other Assets in Excess of Liabilities [Member] \| SIT RISING RATE ETF [Member]
Investment owned Percent of other liabilities	[1]	3.70%
Other Assets in Excess of Liabilities [Member] \| BREAKWAVE DRY BULK SHIPPING ETF [Member]
Investment owned Percent of other liabilities		82.00%	[1]	77.30%	[4]
Futures Contracts [Member] \| Baltic Exchange Panamax T/C Average Shipping Route Index Expiring April 30, 2021 [Member] \| BREAKWAVE DRY BULK SHIPPING ETF [Member]
Investment owned, Principal amount				$ 5,469,865
Futures Contracts [Member] \| Baltic Exchange Panamax T/C Average Shipping Route Index Expiring May 28, 2021 [Member] \| BREAKWAVE DRY BULK SHIPPING ETF [Member]
Investment owned, Principal amount				6,021,920
Futures Contracts [Member] \| Baltic Exchange Panamax T/C Average Shipping Route Index Expiring June 25, 2021 [Member] \| BREAKWAVE DRY BULK SHIPPING ETF [Member]
Investment owned, Principal amount				5,395,845
Futures Contracts [Member] \| Baltic Exchange Supramax Average Shipping Route Expiring April 30, 2021 [Member] \| BREAKWAVE DRY BULK SHIPPING ETF [Member]
Investment owned, Principal amount				1,566,125
Futures Contracts [Member] \| Baltic Exchange Supramax Average Shipping Route Expiring May 28, 2021 [Member] \| BREAKWAVE DRY BULK SHIPPING ETF [Member]
Investment owned, Principal amount				1,490,815
Futures Contracts [Member] \| Baltic Exchange Supramax Average Shipping Route Expiring June 25, 2021 [Member] \| BREAKWAVE DRY BULK SHIPPING ETF [Member]
Investment owned, Principal amount				1,372,410
Futures Contracts [Member] \| Baltic Capesize Time Charter Expiring April 30, 2021 [Member] \| BREAKWAVE DRY BULK SHIPPING ETF [Member]
Investment owned, Principal amount				7,903,080
Futures Contracts [Member] \| Baltic Capesize Time Charter Expiring May 28, 2021 [Member] \| BREAKWAVE DRY BULK SHIPPING ETF [Member]
Investment owned, Principal amount				567,875
Futures Contracts [Member] \| Baltic Capesize Time Charter Expiring June 25, 2021 [Member] \| BREAKWAVE DRY BULK SHIPPING ETF [Member]
Investment owned, Principal amount				$ 572,915
Futures Contracts [Member] \| Baltic Exchange Panamax T/C Average Shipping Route Index Expiring July 31, 2020 [Member] \| BREAKWAVE DRY BULK SHIPPING ETF [Member]
Investment owned, Principal amount		$ 3,799,600
Futures Contracts [Member] \| Baltic Exchange Panamax T/C Average Shipping Route Index Expiring August 28, 2020 [Member] \| BREAKWAVE DRY BULK SHIPPING ETF [Member]
Investment owned, Principal amount		3,768,100
Futures Contracts [Member] \| Baltic Exchange Panamax T/C Average Shipping Route Index Expiring September 25, 2020 [Member] \| BREAKWAVE DRY BULK SHIPPING ETF [Member]
Investment owned, Principal amount		3,753,750
Futures Contracts [Member] \| Baltic Exchange Supramax T/C Average Shipping Route Expiring July 31, 2020 [Member] \| BREAKWAVE DRY BULK SHIPPING ETF [Member]
Investment owned, Principal amount		1,536,480
Futures Contracts [Member] \| Baltic Exchange Supramax T/C Average Shipping Route Expiring August 28, 2020 [Member] \| BREAKWAVE DRY BULK SHIPPING ETF [Member]
Investment owned, Principal amount		1,746,000
Futures Contracts [Member] \| Baltic Exchange Supramax T/C Average Shipping Route Expiring September 25, 2020 [Member] \| BREAKWAVE DRY BULK SHIPPING ETF [Member]
Investment owned, Principal amount		1,769,220
Futures Contracts [Member] \| Baltic Capesize Time Charter Expiring July 31, 2020 [Member] \| BREAKWAVE DRY BULK SHIPPING ETF [Member]
Investment owned, Principal amount		9,431,220
Futures Contracts [Member] \| Baltic Capesize Time Charter Expiring August 28, 2020 [Member] \| BREAKWAVE DRY BULK SHIPPING ETF [Member]
Investment owned, Principal amount		8,851,050
Futures Contracts [Member] \| Baltic Capesize Time Charter Expiring September 25, 2020 [Member] \| BREAKWAVE DRY BULK SHIPPING ETF [Member]
Investment owned, Principal amount		$ 9,041,760

[1]	$27,827,859 and $4,849,667, respectively, of cash is pledged as collateral for futures contracts and written options
[2]	Annualized seven-day yield as of June 30, 2020.
[3]	Annualized seven-day yield as of March 31, 2021
[4]	$32,006,396 of cash is pledged as collateral for futures contracts

Combined Statements of Operatio

Combined Statements of Operations (Unaudited) - USD ($)		3 Months Ended		9 Months Ended
Combined Statements of Operations (Unaudited) - USD ($)		Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021		Mar. 31, 2020
Investment Income
Interest			$ 36,923	$ 7,186		$ 131,068
Expenses
Sponsor fee			49,725	118,907		150,269
CTA fee			27,930	337,384		51,307
Audit fees			35,604	112,638		107,198
Tax preparation fees			24,864	36,324		75,136
Tax State Filing Fees				49,313
Admin/accounting/custodian/transfer agent fees			29,701	67,984		89,755
Legal fees			19,889	55,482		60,105
Printing and postage expenses			5,246			15,854
Chief Compliance Officer fees			12,373	27,122		37,535
Principal Financial Officer fees			12,373	32,122		37,535
Regulatory reporting fees			12,373	27,122		37,535
Brokerage commissions			62,528	276,269		80,820
Distribution fees			7,796	16,907		23,562
Insurance expense			7,458	16,275		22,538
Listing & calculation agent fees			6,264	12,537		18,932
Other expenses			6,334	20,175		19,142
Website Support and Marketing Materials				12,576
Printing and Postage				8,833
Wholesale support fees			9,670	47,959		27,163
Interest expense			21	362		35
Total Expenses			330,149	1,276,291		854,421
Less: Waiver of CTA fee			(25,190)	(39,184)		(41,403)
Less: Expenses absorbed by Sponsor			(167,909)	(136,902)		(582,703)
Net Expenses			137,050	1,100,205		230,315
Net Investment Income (Loss)			(100,127)	(1,093,019)		(99,247)
Net Realized Gain (Loss) on
Investments, futures and options contracts			(2,894,956)	30,637,189		(2,809,503)
Change in Unrealized Gain (Loss) on
Investments, futures and options contracts			(2,315,967)	(5,994,986)		(1,281,131)
Net realized and unrealized gain (loss)			(5,210,923)	24,642,203		(4,090,634)
Net income (loss)			(5,311,050)	23,549,184		(4,189,881)
BREAKWAVE DRY BULK SHIPPING ETF
Investment Income
Interest		$ 511	16,214	1,578		35,227
Expenses
Sponsor fee		30,823	31,078	93,839		93,918
CTA fee		119,348	25,190	334,342		41,403
Audit fees		21,797	13,715	65,881		41,285
Tax preparation fees		6,288	12,432	19,144		37,568
Tax State Filing Fees		49,313		49,313
Admin/accounting/custodian/transfer agent fees		15,930	15,379	48,498		46,475
Legal fees		11,096	11,188	33,782		33,810
Printing and postage expenses			2,636			7,966
Chief Compliance Officer fees		6,164	6,215	18,766		18,781
Principal Financial Officer fees		6,164	6,215	18,766		18,781
Regulatory reporting fees		6,164	6,215	18,766		18,781
Brokerage commissions		115,803	61,408	274,845		76,907
Distribution fees		3,873	3,933	11,791		11,887
Insurance expense		3,699	3,729	11,261		11,269
Listing & calculation agent fees		2,515	3,132	7,657		9,466
Other expenses		9,618	4,165	16,426		12,587
Website Support and Marketing Materials				7,562
Printing and Postage				5,294
Wholesale support fees		16,042	8,301	46,437		22,211
Interest expense		60	9	142		9
Total Expenses		424,697	214,940	1,082,512		503,104
Less: Waiver of CTA fee		(20,752)	(25,190)	(39,184)		(41,403)
Less: Expenses absorbed by Sponsor			(67,532)			(284,850)
Net Expenses		403,945	122,218	1,043,328		176,851
Net Investment Income (Loss)		(403,434)	(106,004)	(1,041,750)		(141,624)
Net Realized Gain (Loss) on
Investments, futures and options contracts		24,152,831	(2,727,061)	30,666,327		(2,388,880)
Change in Unrealized Gain (Loss) on
Investments, futures and options contracts		(1,727,485)	(1,871,170)	(6,005,445)		(1,204,565)
Net realized and unrealized gain (loss)		22,425,346	(4,598,231)	24,660,882		(3,593,445)
Net income (loss)		22,021,912	(4,704,235)	23,619,132		(3,735,069)
ETF MANAGERS GROUP COMMODITY TRUST I
Investment Income
Interest	[1]	511
Expenses
Sponsor fee	[1]	30,823
CTA fee	[1]	119,348
Audit fees	[1]	21,797
Tax preparation fees	[1]	6,288
Tax State Filing Fees	[1]	49,313
Admin/accounting/custodian/transfer agent fees	[1]	15,930
Legal fees	[1]	11,096
Chief Compliance Officer fees	[1]	6,164
Principal Financial Officer fees	[1]	6,164
Regulatory reporting fees	[1]	6,164
Brokerage commissions	[1]	115,803
Distribution fees	[1]	3,873
Insurance expense	[1]	3,699
Listing & calculation agent fees	[1]	2,515
Other expenses	[1]	9,618
Wholesale support fees	[1]	16,042
Interest expense	[1]	60
Total Expenses	[1]	424,697
Less: Waiver of CTA fee	[1]	(20,752)
Less: Expenses absorbed by Sponsor	[1]
Net Expenses	[1]	403,945
Net Investment Income (Loss)	[1]	(403,434)
Net Realized Gain (Loss) on
Investments, futures and options contracts	[1]	24,152,831
Change in Unrealized Gain (Loss) on
Investments, futures and options contracts	[1]	(1,727,485)
Net realized and unrealized gain (loss)	[1]	22,425,346
Net income (loss)	[1]	$ 22,021,912
SIT RISING RATE ETF
Investment Income
Interest			20,709	5,608	[2]	95,841
Expenses
Sponsor fee			18,647	25,068	[2]	56,351
CTA fee			2,740	3,042	[2]	9,904
Audit fees			21,889	46,757	[2]	65,913
Tax preparation fees			12,432	17,180	[2]	37,568
Tax State Filing Fees	[2]
Admin/accounting/custodian/transfer agent fees			14,322	19,486	[2]	43,280
Legal fees			8,701	21,700	[2]	26,295
Printing and postage expenses			2,610			7,888
Chief Compliance Officer fees			6,158	8,356	[2]	18,754
Principal Financial Officer fees			6,158	13,356	[2]	18,754
Regulatory reporting fees			6,158	8,356	[2]	18,754
Brokerage commissions			1,120	1,424	[2]	3,913
Distribution fees			3,863	5,116	[2]	11,675
Insurance expense			3,729	5,014	[2]	11,269
Listing & calculation agent fees			3,132	4,880	[2]	9,466
Other expenses			2,169	3,749	[2]	6,555
Website Support and Marketing Materials	[2]			5,014
Printing and Postage	[2]			3,539
Wholesale support fees			1,369	1,522	[2]	4,952
Interest expense			12	220	[2]	26
Total Expenses			115,209	193,779	[2]	351,317
Less: Waiver of CTA fee					[2]
Less: Expenses absorbed by Sponsor			(100,377)	(136,902)	[2]	(297,853)
Net Expenses			14,832	56,877	[2]	53,464
Net Investment Income (Loss)			5,877	(51,269)	[2]	42,377
Net Realized Gain (Loss) on
Investments, futures and options contracts			(167,895)	(29,138)	[2]	(420,623)
Change in Unrealized Gain (Loss) on
Investments, futures and options contracts			(444,797)	10,459	[2]	(76,566)
Net realized and unrealized gain (loss)			(612,692)	(18,679)	[2]	(497,189)
Net income (loss)			$ (606,815)	$ (69,948)	[2]	$ (454,812)

[1]	Sit Rising Rate ETF, which had been a series of the Trust, liquidated as of November 18, 2020.
[2]	Period from July 1, 2020 to October 30, 2020 - Sit Rising Rate ETF liquidated as of November 18, 2020.

Combined Statements of Changes

Combined Statements of Changes in Net Assets (Unaudited) - USD ($)		3 Months Ended			9 Months Ended
		Mar. 31, 2021		Mar. 31, 2020	Mar. 31, 2021		Mar. 31, 2020
BREAKWAVE DRY BULK SHIPPING ETF
Net Assets at Beginning of Period		$ 25,180,185		$ 2,306,781	$ 44,275,487		$ 4,308,262
Increase (decrease) in Net Assets from share transactions
Addition of shares		21,230,015		21,611,870	23,331,316		22,763,000
Redemption of shares		(23,034,021)		(695,550)	(45,827,844)		(4,817,327)
Net Increase (decrease) in Net Assets from share transactions		(1,804,006)		20,916,320	(22,496,528)		17,945,673
Increase (decrease) in Net Assets from operations
Net investment income (loss)		(403,434)		(106,004)	(1,041,750)		(141,624)
Net realized gain (loss)		24,152,831		(2,727,061)	30,666,327		(2,388,880)
Change in net unrealized gain (loss)		(1,727,485)		(1,871,170)	(6,005,445)		(1,204,565)
Net Increase (decrease) in Net Assets from operations		22,021,912		(4,704,235)	23,619,132		(3,735,069)
Net Assets at End of Period		45,398,091		18,518,866	45,398,091		18,518,866
SIT RISING RATE ETF
Net Assets at Beginning of Period				5,740,486	5,068,181	[1]	11,920,149
Increase (decrease) in Net Assets from share transactions
Addition of shares						[1]
Redemption of shares					(4,998,233)	[1]	(6,331,666)
Net Increase (decrease) in Net Assets from share transactions					(4,998,233)	[1]	(6,331,666)
Increase (decrease) in Net Assets from operations
Net investment income (loss)				5,877	(51,269)	[1]	42,377
Net realized gain (loss)				(167,895)	(29,138)	[1]	(420,623)
Change in net unrealized gain (loss)				(444,797)	10,459	[1]	(76,566)
Net Increase (decrease) in Net Assets from operations				(606,815)	(69,948)	[1]	(454,812)
Net Assets at End of Period			[1]	5,133,671		[1]	5,133,671
ETF MANAGERS GROUP COMMODITY TRUST I
Net Assets at Beginning of Period	[2]	25,180,185
Increase (decrease) in Net Assets from share transactions
Addition of shares	[2]	21,230,015
Redemption of shares	[2]	(23,034,021)
Net Increase (decrease) in Net Assets from share transactions	[2]	(1,804,006)
Increase (decrease) in Net Assets from operations
Net investment income (loss)	[2]	(403,434)
Net realized gain (loss)	[2]	24,152,831
Change in net unrealized gain (loss)	[2]	(1,727,485)
Net Increase (decrease) in Net Assets from operations	[2]	22,021,912
Net Assets at End of Period	[2]	45,398,091			45,398,091
Net Assets at Beginning of Period				8,047,267	49,343,668		16,228,411
Addition of shares				21,611,870	23,331,316		22,763,000
Redemption of shares				(695,550)	(50,826,077)		(11,148,993)
Net Increase (decrease) in Net Assets from share transactions				20,916,320	(27,494,761)		11,614,007
Net investment income (loss)				(100,127)	(1,093,019)		(99,247)
Net realized gain (loss)				(2,894,956)	30,637,189		(2,809,503)
Change in net unrealized gain (loss)				(2,315,967)	(5,994,986)		(1,281,131)
Net Increase (decrease) in Net Assets from operations				(5,311,050)	23,549,184		(4,189,881)
Net Assets at End of Period		$ 45,398,091		$ 23,652,537	$ 45,398,091		$ 23,652,537

[1]	Period from July 1, 2020 to October 30, 2020 - Sit Rising Rate ETF liquidated as of November 18, 2020.
[2]	SIT Rising Rate ETF, which had been a series of the Trust, liquidated as of November 18, 2020.

Combined Statements of Change_2

Combined Statements of Changes in Net Assets (Unaudited) (Parenthetical) - shares	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
BREAKWAVE DRY BULK SHIPPING ETF
Addition during the period	1,250,000	2,775,000	1,525,000	2,850,000
Redemption during the period	1,725,000	50,000	4,575,000	300,000
SIT RISING RATE ETF
Addition during the period		0	0	0
Redemption during the period		0	250,040	275,000
ETF MANAGERS GROUP COMMODITY TRUST I
Addition during the period	0
Redemption during the period	0

Combined Statements of Cash Flo

Combined Statements of Cash Flows (Unaudited) - USD ($)		9 Months Ended
Combined Statements of Cash Flows (Unaudited) - USD ($)		Mar. 31, 2021		Mar. 31, 2020
Cash flows provided by (used in) operating activities
Net income (loss)		$ 23,549,184		$ (4,189,881)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Net realized gain (loss) on investments		(30,637,189)		2,809,503
Change in net unrealized gain (loss) on investments		5,994,986		1,281,131
Change in operating assets and liabilities:
Sale (Purchase) of investments, net		27,210,630		1,484,761
Decrease in interest receivable		279		4,077
Increase (decrease) in receivable on open futures contracts				(2,856,535)
Decrease in options written, at fair value		(4,148)		(469)
Increase in payable on open futures contracts				2,049,897
Decrease in receivable on open futures contracts		6,005,445
Decrease in payable on open futures contracts		(5,144)
Increase (decrease) in due to Sponsor		51,966		24,177
Increase in other accrued expenses		312
Increase in other liabilities				9,680
Net cash provided by (used in) operating activities		32,166,321		616,341
Cash flows from financing activities
Proceeds from sale of shares		23,331,316		22,763,000
Paid on redemption of shares		(50,826,077)		(11,148,993)
Increase in payable for Fund shares redeemed		235,957
Net cash provided by (used in) financing activities		(27,258,804)		11,614,007
Net increase (decrease) in cash and restricted cash		4,907,517		12,230,348
Cash and restricted cash, beginning of period		28,222,274		3,197,026
Cash and restricted cash, end of period		33,129,791		15,427,374
BREAKWAVE DRY BULK SHIPPING ETF
Cash flows provided by (used in) operating activities
Net income (loss)		23,619,132		(3,735,069)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Net realized gain (loss) on investments		(30,666,327)		2,388,880
Change in net unrealized gain (loss) on investments		6,005,445		1,204,565
Change in operating assets and liabilities:
Sale (Purchase) of investments, net		22,349,540		(5,054,295)
Decrease in interest receivable		279		3,667
Increase (decrease) in receivable on open futures contracts				(2,856,535)
Decrease in options written, at fair value
Increase in payable on open futures contracts				1,976,295
Decrease in receivable on open futures contracts		6,005,445
Decrease in payable on open futures contracts
Increase (decrease) in due to Sponsor		56,145		29,594
Increase in other accrued expenses		312
Increase in other liabilities				9,680
Net cash provided by (used in) operating activities		27,369,971		(6,033,218)
Cash flows from financing activities
Proceeds from sale of shares		23,331,316		22,763,000
Paid on redemption of shares		(45,827,844)		(4,817,327)
Increase in payable for Fund shares redeemed		235,957
Net cash provided by (used in) financing activities		(22,260,571)		17,945,673
Net increase (decrease) in cash and restricted cash		5,109,400		11,912,455
Cash and restricted cash, beginning of period		28,020,391		2,831,566
Cash and restricted cash, end of period		33,129,791		14,744,021
SIT RISING RATE ETF
Cash flows provided by (used in) operating activities
Net income (loss)		(69,948)		(454,812)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Net realized gain (loss) on investments		29,138	[1]	420,623
Change in net unrealized gain (loss) on investments		(10,459)	[1]	76,566
Change in operating assets and liabilities:
Sale (Purchase) of investments, net		4,861,090		6,539,056
Decrease in interest receivable			[1]	410
Increase (decrease) in receivable on open futures contracts
Decrease in options written, at fair value		(4,148)	[1]	(469)
Increase in payable on open futures contracts				73,602
Decrease in receivable on open futures contracts	[1]
Decrease in payable on open futures contracts	[1]	(5,144)
Increase (decrease) in due to Sponsor		(4,179)	[1]	(5,417)
Increase in other accrued expenses	[1]
Increase in other liabilities
Net cash provided by (used in) operating activities		4,796,350	[1]	6,649,559
Cash flows from financing activities
Proceeds from sale of shares			[1]
Paid on redemption of shares		(4,998,233)	[1]	(6,331,666)
Net cash provided by (used in) financing activities		(4,998,233)	[1]	(6,331,666)
Net increase (decrease) in cash and restricted cash		(201,883)	[1]	317,893
Cash and restricted cash, beginning of period		201,883	[1]	365,460
Cash and restricted cash, end of period			[1]	$ 683,353

[1]	Period from October 1, 2020 to October 30, 2020 - Sit Rising Rate ETF liquidated as of November 18, 2020.

Combined Statements of Cash F_2

Combined Statements of Cash Flows (Parenthetical) - USD ($)	Mar. 31, 2021		Mar. 31, 2020
Cash	$ 1,123,395
Segregated cash held by broker	32,006,396		15,427,374
Total cash and restricted cash as shown on the statement of cash flows	33,129,791		15,427,374
BREAKWAVE DRY BULK SHIPPING ETF
Cash	1,123,395
Segregated cash held by broker	32,006,396		14,744,021
Total cash and restricted cash as shown on the statement of cash flows	33,129,791		14,744,021
SIT RISING RATE ETF
Cash		[1]
Segregated cash held by broker		[1]	683,353
Total cash and restricted cash as shown on the statement of cash flows		[1]	$ 683,353

[1]	Period from October 1, 2020 to October 30, 2020 - Sit Rising Rate ETF liquidated as of November 18, 2020.

Organization

Organization	9 Months Ended
Organization	Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	(1) Organization ETF Managers Group Commodity Trust I (the "Trust") was organized as a Delaware statutory trust on July 23, 2014. The Trust is a series trust formed pursuant to the Delaware Statutory Trust Act and currently consists of one separate series. BREAKWAVE DRY BULK SHIPPING ETF ("BDRY," the "Fund"), is a commodity pool that continuously issues shares of beneficial interest that may be purchased and sold on NYSE Arca. As described below, SIT RISING RATE ETF ("RISE") also operated as a series of the Trust, but was closed and liquidated prior to March 31, 2021. The Fund is managed and controlled by ETF Managers Capital LLC (the "Sponsor"), a Delaware limited liability company. The Sponsor is registered with the Commodity Futures Trading Commission ("CFTC") as a "commodity pool operator" ("CPO") and is a member of the National Futures Trading Association ("NFA"). Breakwave Advisors, LLC ("Breakwave") is registered as a "commodity trading advisor" ("CTA") with the CFTC and serves as BDRY's commodity trading advisor. RISE Closure and Liquidation On October 16, 2020, the Sponsor announced that it would close and liquidate the SIT RISING RATE ETF ("RISE") because of current market conditions and the Fund's asset size. The last day the liquidated fund accepted creation orders was on October 30, 2020. Trading in RISE was suspended after the close of the NYSE Arca on October 30, 2020. Proceeds of the liquidation were sent to shareholders on November 18, 2020 (the "Distribution Date"). From October 30, 2020 through the distribution date, shares of RISE did not trade on the NYSE Arca nor was there a secondary market for the shares. Any shareholders that remained in RISE on the Distribution Date automatically had their shares redeemed for cash at the current net asset value on November 18, 2020. BDRY commenced investment operations on March 22, 2018. BDRY commenced trading on NYSE Arca on March 22, 2018 and trades under the symbol "BDRY." BDRY's investment objective is to provide investors with exposure to the daily change in the price of dry bulk freight futures, before expenses and liabilities of BDRY, by tracking the performance of a portfolio (the "BDRY Benchmark Portfolio") consisting of a three-month strip of the nearest calendar quarter of futures contracts on specified indexes (each a "Reference Index") that measure rates for shipping dry bulk freight ("Freight Futures"). Each Reference Index is published each United Kingdom business day by the London-based Baltic Exchange Ltd. (the "Baltic Exchange") and measures the charter rate for shipping dry bulk freight in a specific size category of cargo ship – Capesize, Panamax or Supramax. The three Reference Indexes are as follows: ● Capesize ● Panamax ● Supramax The value of the Capesize 5TC Index is disseminated at 11:00 a.m., London Time and the value of the Panamax 4TC Index and the Supramax 6TC Index each is disseminated at 1:00 p.m., London Time. The Reference Index information disseminated by the Baltic Exchange also includes the components and value of each component in each Reference Index. Such Reference Index information also is widely disseminated by Reuters and/or other major market data vendors. BDRY seeks to achieve its investment objective by investing substantially all of its assets in the Freight Futures currently constituting the BDRY Benchmark Portfolio. The BDRY Benchmark Portfolio includes all existing positions to maturity and settles them in cash. During any given calendar quarter, the BDRY Benchmark Portfolio progressively increases its positions to the next calendar quarter three-month strip, thus maintaining constant exposure to the Freight Futures market as positions mature. The BDRY Benchmark Portfolio maintains long-only positions in Freight Futures. The BDRY Benchmark Portfolio includes a combination of Capesize, Panamax and Supramax Freight Futures. More specifically, the BDRY Benchmark Portfolio includes 50% exposure in Capesize Freight Futures contracts, 40% exposure in Panamax Freight Futures contracts and 10% exposure in Supramax Freight Futures contracts. The BDRY Benchmark Portfolio does not include and BDRY does not invest in swaps, non-cleared dry bulk freight forwards or other over-the-counter derivative instruments that are not cleared through exchanges or clearing houses. BDRY may hold exchange-traded options on Freight Futures. The BDRY Benchmark Portfolio is maintained by Breakwave and will be rebalanced annually. The Freight Futures currently constituting the BDRY Benchmark Portfolio, as well as the daily holdings of BDRY are available on BDRY's website at www.drybulketf.com. When establishing positions in Freight Futures, BDRY will be required to deposit initial margin with a value of approximately 10% to 40% of the notional value of each Freight Futures position at the time it is established. These margin requirements are established and subject to change from time to time by the relevant exchanges, clearing houses or BDRY's Futures Commission Merchant ("FCM"), ED&F Man Capital Markets, Inc. On a daily basis, BDRY is obligated to pay, or entitled to receive, variation margin in an amount equal to the change in the daily settlement level of its Freight Futures positions. Any assets not required to be posted as margin with the FCM may be held at BDRY's custodian or remain with the FCM in cash or cash equivalents, as discussed below. BDRY was created to provide investors with a cost-effective and convenient way to gain exposure to daily changes in the price of Freight Futures. BDRY is intended to be used as a diversification opportunity as part of a complete portfolio, not a complete investment program. The Fund will incur certain expenses in connection with its operations. The Fund will hold cash or cash equivalents such as U.S. Treasuries or other high credit quality, short-term fixed-income or similar securities for direct investment or as collateral for the Treasury Instruments and for other liquidity purposes and to meet redemptions that may be necessary on an ongoing basis. These expenses and income from the cash and cash equivalent holdings may cause imperfect correlation between changes in the Fund's net asset value ("NAV") and changes in the Benchmark Portfolio, because the Benchmark Portfolio does not reflect expenses or income. The Fund seeks to trade its positions prior to maturity; accordingly, natural market forces may cost the Fund while rebalancing. Each time the Fund seeks to reconstitute its positions, barring movement in the underlying securities, the futures and option prices may be higher or lower. Such differences in price, barring a movement in the price of the underlying security, will constitute "roll yield" and may inhibit the Fund's ability to achieve its respective investment objective. Several factors determine the total return from investing in a futures contract position. One factor that impacts the total return that will result from investing in near month futures contracts and "rolling" those contracts forward each month is the price relationship between the current near month contract and the next month contract. The CTA will close existing positions when it determines it would be appropriate to do so and reinvest the proceeds in other positions. Positions may also be closed out to meet orders for redemption baskets.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
Summary of Significant Accounting Policies	Mar. 31, 2021
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	(2) Summary of Significant Accounting Policies (a) Basis of Accounting The accompanying interim combined financial statements of the Fund have been prepared in conformity with U.S. generally accepted accounting principles ("U.S. GAAP"). The Fund qualifies as an investment company for financial reporting purposes under Topic 946 of the Accounting Standard Codification of U.S. GAAP. The accompanying interim combined financial statements are unaudited, but in the opinion of management, contain all adjustments (which include normal recurring adjustments) considered necessary to present fairly the interim combined financial statements. These interim combined financial statements should be read in conjunction with BDRY's annual report on Form 10-K for the year ended June 30, 2020 and BDRY's prospectus dated March 18, 2021 (the "BDRY Prospectus,"). Interim period results are not necessarily indicative of results for a full-year period. (b) Use of Estimates The preparation of the interim combined financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the interim combined financial statements and accompanying notes. Actual results could differ from those estimates. There were no significant estimates used in the preparation of the interim combined financial statements. (c) Cash Cash, when shown in the Combined Statements of Assets and Liabilities, represents non-segregated cash with the custodian and does not include short-term investments. (d) Cash Held by Broker Breakwave is registered as a "commodity trading advisor" and acts as such for BDRY. The Fund's arrangement with its FCM requires the Fund to meet its variation margin requirement related to the price movements, both positive and negative, on futures contracts held by the Fund by keeping cash on deposit with the Commodity Broker (as defined below). These amounts are shown as Segregated cash held by broker in the Combined Statements of Assets and Liabilities. The Fund deposits cash or United States Treasury Obligations, as applicable, with its FCM subject to the CFTC regulations and various exchange and broker requirements. The combination of the Fund's deposits with its FCM of cash and United States Treasury Obligations, as applicable, and the unrealized gain or loss on open futures contracts (variation margin) represents the Fund's overall equity in its brokerage trading account. The Fund uses its cash held by its FCM to satisfy variation margin requirements. The Fund earns interest on its cash deposited with its FCM and interest income is recorded on the accrual basis. (e) Final Net Asset Value for Fiscal Period The calculation time of the Fund's final net asset value for creation and redemption of Fund shares for the three and nine months ended March 31, 2021 and 2020 was at 4:00 p.m. Eastern Time on March 31, 2021 and 2020, respectively. RISE was liquidated on November 18, 2020 at its final net asset value as of that date. Although the Fund's shares may continue to trade on secondary markets subsequent to the calculation of the final NAV, the 4:00 p.m. Eastern Time represented the final opportunity to transact in creation or redemption baskets for the three and nine months ended March 31, 2021 and 2020. Fair value per share is determined at the close of the NYSE Arca. For financial reporting purposes, the Fund values its investment positions based upon the final closing price in their primary markets. Accordingly, the investment valuations in these interim combined financial statements differ from those used in the calculations of the Fund's final creation/redemption NAVs at March 31, 2021 and 2020. (f) Investment Valuation Short-term investments, excluding U.S. Treasury Bills, are carried at amortized cost, which approximates fair value. U.S. Treasury Bills are valued as determined by an independent pricing service based on methods which include consideration of: yields or prices of securities of comparable quality, coupon, maturity and type; indications as to values from dealers; and general market conditions. Futures and options contracts are valued at the last settled price on the applicable exchange on which that futures and/or options contract trades. (g) Financial Instruments and Fair Value The Fund discloses the fair value of its investments in accordance with the Financial Accounting Standards Board ("FASB") fair value measurement and disclosure guidance which requires a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The disclosure requirements establish a fair value hierarchy that distinguishes between: (1) market participant assumptions developed based on market data obtained from sources independent to the Fund (observable inputs); and (2) the Fund's own assumptions about market participant assumptions developed based on the best information available under the circumstances (unobservable inputs). The three levels defined by the disclosure requirements hierarchy are as follows: Level I: Quoted prices (unadjusted) in active markets for identical assets and liabilities that the reporting entity has the ability to access at the measurement date. Level II: Inputs other than quoted prices included within Level I that are observable for the asset or liability, either directly or indirectly. Level II inputs include the following: quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability, and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market-corroborated inputs). Level III: Unobservable pricing input at the measurement date for the asset or liability. Unobservable inputs shall be used to measure fair value to the extent that observable inputs are not available. In some instances, the inputs used to measure fair value might fall in different levels of the fair value hierarchy. The level in the fair value hierarchy within which the fair value measurement in its entirety falls shall be determined based on the lowest input level that is significant to the fair value measurement in its entirety. Fair value measurements also require additional disclosure when the volume and level of activity for the asset or liability have significantly decreased, as well as when circumstances indicate that a transaction is not orderly. The following table summarizes BDRY's valuation of investments at March 31, 2021 and at June 30, 2020 using the fair value hierarchy: March 31, 2021 (unaudited) Short-Term Futures Total Level I – Quoted Prices $ 10,298,204 a $ 2,576,110 b $ 12,874,314 a – Included in Investments in securities in the Combined Statements of Assets and Liabilities. b – Included in Receivable on open futures contracts in the Combined Statements of Assets and Liabilities. June 30, 2020 (audited) Short-Term Futures Total Level I – Quoted Prices $ 7,986,862 a $ 8,581,555 b $ 16,568,417 a – Included in Investments in securities in the Combined Statements of Assets and Liabilities. b – Included in Receivable on open futures contracts in the Combined Statements of Assets and Liabilities. Transfers between levels are recognized at the end of the reporting period. During the nine months ended March 31, 2021 and the year ended June 30, 2020, BDRY recognized no transfers from Level 1, Level 2 or Level 3. The inputs or methodology used for valuing investments are not necessarily an indication of the risk associated with investing in those securities. The following tables summarize RISE's valuation of investments at June 30, 2020 using the fair value hierarchy: June 30, 2020 (audited) Short-Term Purchased Written Futures Total Level I – Quoted Prices $ 4,865,473 a $ 14,296 a $ (4,148) b $ (5,144 c $ 4,870,477 a – Included in Investments in securities in the Combined Statements of Assets and Liabilities. b – Included in Options written, at fair value in the Combined Statements of Assets and Liabilities. c – Included in Payable on open futures contracts in the Combined Statements of Assets and Liabilities. Transfers between levels are recognized at the end of the reporting period. During the year ended June 30, 2020, RISE recognized no transfers from Level 1, Level 2 or Level 3. (h) Investment Transactions and Related Income Investment transactions are recorded on the trade date. All such transactions are recorded on the identified cost basis, and marked to market daily. Unrealized gain/loss on open futures contracts is reflected in Receivable/Payable on open futures contracts in the Combined Statements of Assets and Liabilities and the change in the unrealized gain/loss between periods is reflected in the Combined Statements of Operations. BDRY's interest earned on short-term securities and on cash deposited with ED & F Man Capital Markets Inc. is accrued daily and reflected as Interest Income, when applicable, in the Combined Statements of Operations. (i) Federal Income Taxes The Fund is registered as a Delaware statutory trust and is treated as a partnership for U.S. federal income tax purposes. Accordingly, the Fund does not expect to incur U.S. federal income tax liability; rather, each beneficial owner is required to take into account their allocable share of the Fund's income, gain, loss, deductions and other items for the Fund's taxable year ending with or within the beneficial owner's taxable year. Management of the Fund has reviewed the open tax years and major jurisdictions and concluded that there is no tax liability resulting from unrecognized tax benefits relating to uncertain income tax positions taken or expected to be taken in future tax returns at March 31, 2021 and June 30, 2020. The Fund is also not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. On an ongoing basis, management will monitor its tax positions taken to determine if adjustments to its conclusions are necessary based on factors including, but not limited to, further implementation of guidance expected from the FASB and on-going analysis of tax law, regulation, and interpretations thereof. The Fund's federal tax returns are subject to examination by the Internal Revenue Service for a period of three years after they are filed. (j) Reclassification and Changes in Presentation Certain reclassifications and changes in presentation have been made to the prior unaudited interim combined financial statements to conform with the current period presentation.

Investments

Investments	9 Months Ended
Investments	Mar. 31, 2021
Investments [Abstract]
Investments	(3) Investments (a) Short-Term Investments The Fund may purchase U.S. Treasury Bills, agency securities, and other high-credit quality short-term fixed income or similar securities with original maturities of one year or less. A portion of these investments may be used as margin for the Fund's trading in futures contracts. (b) Accounting for Derivative Instruments In seeking to achieve the Fund's investment objective, the commodity trading advisor uses a mathematical approach to investing. Using this approach, the commodity trading advisor determines the type, quantity and mix of investment positions that it believes in combination should produce returns consistent with the Fund's objective. All open derivative positions at March 31, 2021 and at June 30, 2020, as applicable, are disclosed in the Combined Schedules of Investments and the notional value of these open positions relative to the shareholders' capital of the Fund is generally representative of the notional value of open positions to shareholders' capital throughout the reporting periods for the Fund. The volume associated with derivative positions varies on a daily basis as the Fund transacts in derivative contracts in order to achieve the appropriate exposure, as expressed in notional value, in comparison to shareholders' capital consistent with the Fund's investment objective. Following is a description of the derivative instruments used by the Fund during the reporting period, including the primary underlying risk exposures. (c) Futures Contracts The Fund enters into futures contracts to gain exposure to changes in the value of the Benchmark Portfolio. A futures contract obligates the seller to deliver (and the purchaser to accept) the future cash settlement of a specified quantity and type of a treasury futures contract at a specified time and place. The contractual obligations of a buyer or seller of a treasury futures contract may generally be satisfied by making an offsetting sale or purchase of an identical futures contract on the same or linked exchange before the designated date of delivery. Upon entering into a futures contract, the Fund is required to deposit and maintain as collateral at least such initial margin as required by the exchange on which the transaction is affected. The initial margin is segregated as Cash held by broker, as disclosed in the Combined Statements of Assets and Liabilities, and is restricted as to its use. Pursuant to the futures contract, the Fund agrees to receive from or pay to the broker an amount of cash equal to the daily fluctuation in value of the futures contract. Such receipts or payments are known as variation margin and are recorded by the Fund as unrealized gains or losses. The Fund will realize a gain or loss upon closing a futures transaction. Futures contracts involve, to varying degrees, elements of market risk (specifically treasury price risk) and exposure to loss in excess of the amount of variation margin. The face or contract amounts reflect the extent of the total exposure the Fund has in the particular classes of instruments. Additional risks associated with the use of futures contracts include imperfect correlation between movements in the price of the futures contracts and the market value of the underlying securities and the possibility of an illiquid market for a futures contract. With futures contracts, there is minimal counterparty risk to the Fund since futures contracts are exchange-traded and the exchange's clearinghouse, as counterparty to all exchange-traded futures contracts, guarantees the futures contracts against default. BREAKWAVE DRY BULK SHIPPING ETF Fair Value of Derivative Instruments, as of March 31, 2021 Asset Derivatives Liability Derivatives Derivatives Combined Statements of Assets and Liabilities Fair Combined Fair Interest Rate Risk Receivable on open futures contracts $ 2,576,110 * — — * Represents cumulative appreciation of futures contracts as reported in the Combined Statements of Assets and Liabilities. BREAKWAVE DRY BULK SHIPPING ETF Fair Value of Derivative Instruments, as of June 30, 2020 Asset Derivatives Liability Derivatives Derivatives Combined Statements of Assets and Liabilities Fair Combined Fair Interest Rate Risk Receivable on open futures contracts $ 8,581,555 * — — * Represents cumulative appreciation of futures contracts as reported in the Combined Statements of Assets and Liabilities. BREAKWAVE DRY BULK SHIPPING ETF The Effect of Derivative Instruments on the Combined Statements of Operations For the Three Months Ended March 31, 2021 Derivatives Location of Gain (Loss) on Derivatives Realized Change in Interest Rate Risk Net realized gain on investments and futures and/or Change in unrealized gain (loss) on investments and futures contracts $ 24,152,831 $ (1,727,485 The futures contracts open at March 31, 2021 are indicative of the activity for the three months ended March 31, 2021. BREAKWAVE DRY BULK SHIPPING ETF The Effect of Derivative Instruments on the Combined Statements of Operations For the Three Months Ended March 31, 2020 Derivatives Location of Gain (Loss) on Derivatives Realized Change in Interest Rate Risk Net realized loss on investments and futures and/or Change in unrealized gain (loss) on investments and futures contracts $ (2,727,061) $ (1,871,170) The futures contracts open at March 31, 2020 are indicative of the activity for the three months ended March 31, 2020. BREAKWAVE DRY BULK SHIPPING ETF The Effect of Derivative Instruments on the Combined Statements of Operations For the Nine Months Ended March 31, 2021 Derivatives Location of Gain (Loss) on Derivatives Realized Change in Interest Rate Risk Net realized gain on investments and futures and/or Change in unrealized gain (loss) on investments and futures contracts $ 30,666,327 $ (6,055,445 The futures contracts open at March 31, 2021 are indicative of the activity for the nine months ended March 31, 2021. BREAKWAVE DRY BULK SHIPPING ETF The Effect of Derivative Instruments on the Combined Statements of Operations For the Nine Months Ended March 31, 2020 Derivatives Location of Gain (Loss) on Derivatives Realized Change in Interest Rate Risk Net realized loss on investments and futures and/or Change in unrealized gain (loss) on investments and futures contracts $ (2,388,880) $ (1,204,565) The futures contracts open at March 31, 2020 are indicative of the activity for the nine months ended March 31, 2020. SIT RISING RATE ETF Fair Value of Derivative Instruments, as of June 30, 2020 Asset Derivatives Liability Derivatives Derivatives Combined Fair Value Combined Fair Value Interest Rate Risk Purchased options $ 14,296 * Payable on open futures contracts $ (5,144 ** Interest Rate Risk — — Written options, at fair value $ (4,148 * * Represents fair value of options contracts as reported in the Combined Statements of Assets and Liabilities. ** Represents cumulative depreciation of futures contracts as reported in the Combined Statements of Assets and Liabilities. SIT RISING RATE ETF The Effect of Derivative Instruments on the Combined Statements of Operations For the Three Months Ended March 31, 2020 Derivatives Location of Gain (Loss) on Derivatives Realized Change in Interest Rate Risk Net realized loss on investments, futures and options contracts and/or Change in unrealized gain (loss) on investments, futures and options contracts $ (167,895 $ (444,797) The futures and options contracts open at March 31, 2020 are indicative of the activity for the three months ended March 31, 2020. SIT RISING RATE ETF The Effect of Derivative Instruments on the Combined Statements of Operations For the Nine Months Ended March 31, 2021 Derivatives Location of Gain (Loss) on Derivatives Realized Loss on Change in (Loss) on Interest Rate Risk Net realized loss on investments, futures and options contracts and/or Change in unrealized gain (loss) on investments, futures and options contracts $ (29,138 $ 10,459 The operations include the activity of Sit Rising Rate ETF through November 18, 2020, the date of liquidation. SIT RISING RATE ETF The Effect of Derivative Instruments on the Combined Statements of Operations For the Nine Months Ended March 31, 2020 Derivatives Location of Gain (Loss) on Derivatives Realized Loss on Change in (Loss) on Interest Rate Risk Net realized loss on investments, futures and options contracts and/or Change in unrealized gain (loss) on investments, futures and options contracts $ (420,623 $ (76,566) The futures and options contracts open at March 31, 2020 are indicative of the activity for the nine months ended March 31, 2020.

Agreements

Agreements	9 Months Ended
Agreements	Mar. 31, 2021
Agreements [Abstract]
Agreements	(4) Agreements (a) Management Fee The Fund pays the Sponsor a sponsor fee (the "Sponsor Fee") in consideration of the Sponsor's advisory services to the Fund. Additionally, the Fund pays its commodity trading advisor a license and service fee (the "CTA fee"). BDRY pays the Sponsor an annual Sponsor Fee, monthly in arrears, in an amount calculated as the greater of 0.15% of its average daily net assets, or $125,000. BDRY also paid an annual fee to Breakwave, monthly in arrears, in an amount equal to 1.45% of BDRY's average daily net assets. Breakwave has agreed to waive its CTA fee to the extent necessary, and the Sponsor has voluntarily agreed to correspondingly assume the remaining expenses of BDRY such that Fund expenses do not exceed an annual rate of 3.50%, excluding brokerage commissions and interest expense, of the value of BDRY's average daily net assets through February 28, 2022 (the "BDRY Expense Cap,"). The assumption of expenses by the Sponsor and waiver of BDRY's CTA fee are contractual on the part of the Sponsor and Breakwave, respectively. The waiver of BDRY's CTA fees, pursuant to the undertaking, amounted to $20,752 and $25,190, for the three months ended March 31, 2021 and 2020, respectively, and $39,184 and $41,403 for the nine months ended March 31, 2021 and 2020, respectively, as disclosed in the Combined Statements of Operations. BDRY (and, prior to its liquidation, RISE) currently accrues its daily expenses up to the Expense Cap, or if less, at accrual estimates established by the Sponsor. At the end of each month, the accrued amount is remitted to the Sponsor as the Sponsor has assumed, and is responsible for the payment of the routine operational, administrative and other ordinary expenses of the Fund in excess of the Fund's Expense Cap, which in the case of RISE, aggregated $100,377 for the three months ended March 31, 2020, and $136,902 and $297,853 for the nine months ended March 31, 2021 and 2020, respectively, as disclosed in the Combined Statements of Operations. In the case of BDRY, expenses absorbed by the sponsor aggregated $-0- and $67,532 for the three months ended March 31, 2021 and 2020, respectively, and $-0- and $284,850 for the nine months ended March 31, 2021 and 2020, respectively, as disclosed in the Combined Statements of Operations. (b) The Administrator, Custodian, Fund Accountant and Transfer Agent The Fund has appointed U.S. Bank, a national banking association, with its principal office in Milwaukee, Wisconsin, as the custodian (the "Custodian"). Its affiliate, U.S. Bancorp Fund Services, is the Fund accountant ("the Fund accountant") of the Fund, transfer agent (the "Transfer Agent") for Fund shares and administrator for the Fund (the "Administrator"). It performs certain administrative and accounting services for the Fund and prepares certain SEC, NFA and CFTC reports on behalf of the Fund. (U.S. Bank and U.S. Bancorp Fund Services are referred to collectively hereinafter as "U.S. Bank"). BDRY has agreed to pay U.S. Bank 0.05% of AUM, with a $45,000 minimum annual fee payable for its administrative, accounting and transfer agent services and 0.01% of AUM, with an annual minimum of $4,800 for custody services. BDRY paid U.S. Bank $15,930 and $15,379 for the three months ended March 31, 2021 and 2020, respectively, and $48,498 and $46,475 for the nine months ended March 31, 2021 and 2020, respectively, as disclosed in the Combined Statements of Operations. Prior to its liquidation RISE paid U.S. Bank $14,322 for the three months ended March 31, 2020, and $19,486 and $43,280 for the nine months ended March 31, 2021 and 2020, respectively, as disclosed in the Combined Statements of Operations. (c) The Distributor The Fund pays ETFMG Financial LLC. (the "Distributor"), an affiliate of the Sponsor, an annual fee for statutory and wholesaling distribution services and related administrative services equal to the greater of $15,000 or 0.02% of the Fund's average daily net assets, payable monthly. Pursuant to the Marketing Agent Agreement between the Sponsor, the Fund and the Distributor, the Distributor assists the Sponsor and the Fund with certain functions and duties relating to distribution and marketing services to the Fund, including reviewing and approving marketing materials and certain regulatory compliance matters. The Distributor also assists with the processing of creation and redemption orders. BDRY incurred $3,873 and $3,933 for the three months ended March 31, 2021 and 2020, respectively, and $11,791 and $11,887 for the nine months ended March 31, 2021 and 2020, respectively, as disclosed in the Combined Statements of Operations. Prior to its liquidation, RISE incurred $3,863 in distribution and related administrative services for the three months ended March 31, 2020 and $5,116 and $11,675 for the nine months ended March 31, 2021 and 2020, respectively, as disclosed in the Combined Statements of Operations. BDRY pays the Sponsor an annual fee for wholesale support services of $25,000 plus 0.12% of BDRY's average daily net assets, payable monthly. Prior to its liquidation, RISE also paid the Sponsor an annual fee for wholesale support services equal to 0.1% of RISE's average daily net assets, payable monthly. BDRY incurred $16,042 and $8,301 in wholesale support fees for the three months ended March 31, 2021 and 2020, respectively, and $46,437 and $22,211 for the nine months ended March 31, 2021 and 2020, respectively, as disclosed in the Combined Statements of Operations. Prior to its liquidation, RISE incurred $1,369 in wholesale support fees for the three months ended March 31, 2020 and $1,522 and $4,952 for the nine months ended March 31, 2021 and 2020, respectively, as disclosed in the Combined Statements of Operations. (d) The Commodity Broker ED&F Man Capital Inc., a Delaware limited liability company, serves as BDRY's clearing broker (the "Commodity Broker"). In its capacity as clearing broker, the Commodity Broker executes and clear the Funds' futures transactions and performs certain administrative services for the Funds. Prior to November 6, 2020, MacQuarie Futures USA LLC served as BDRY's clearing broker. The Fund pays respective brokerage commissions, including applicable exchange fees, National Futures Association ("NFA") fees, give–up fees, pit brokerage fees and other transaction related fees and expenses charged in connection with trading activities in CFTC regulated investments. Brokerage commissions on futures contracts are recognized on a half-turn basis. The Sponsor does not expect brokerage commissions and fees to exceed 0.40% (excluding the impact on the Fund of creation and/or redemption activity) for BDRY of the net asset value of the Fund for execution and clearing services on behalf of the Fund, although the actual amount of brokerage commissions and fees in any year or any part of any year may be greater. The effects of trading spreads, financing costs associated with financial instruments, and costs relating to the purchase of U.S. Treasury Securities or similar high credit quality short-term fixed-income or similar securities are not included in the foregoing analysis. BDRY incurred $115,803 and $61,408 in brokerage commissions and fees for the three months ended March 31, 2021 and 2020, respectively, and $274,845 and $76,907 for the nine months ended March 31, 2021 and 2020, respectively, as disclosed in the Combined Statements of Operations. Prior to its liquidation, RISE incurred $1,120 in brokerage commissions and fees for the three months ended March 31, 2020 and $1,424 and $3,913 for the nine months ended March 31, 2021 and 2020, respectively, as disclosed in the Combined Statements of Operations. (e) The Trustee Under the respective Amended and Restated Declaration of Trust and Trust Agreement (the "Trust Agreement") for the Fund, Wilmington Trust Company, the Trustee of the Fund (the "Trustee") serves as the sole trustee of the Fund in the State of Delaware. The Trustee will accept service of legal process on the Fund in the State of Delaware and will make certain filings under the Delaware Statutory Trust Act. Under the Trust Agreement for the Fund, the Sponsor has the exclusive management and control of all aspects of the business of the Fund. The Trustee does not owe any other duties to the Fund, the Sponsor or the Shareholders of the Fund. The Trustee has no duty or liability to supervise or monitor the performance of the Sponsor, nor does the Trustee have any liability for the acts or omissions of the Sponsor. BDRY incurred $617 and $621 in trustee fees for the three months ended March 31, 2021 and 2020, respectively, and $1,877 and $1,878 for the nine months ended March 31, 2021 and 2020, respectively, which is included in Other Expenses in the Combined Statements of Operations. Prior to its liquidation, RISE incurred $621 in trustee fees for the three months ended March 31, 2020 and $843 and $1,878 for the nine months ended March 31, 2021 and 2020, respectively, which is included in Other Expenses in the Combined Statements of Operations. (f) Routine Offering, Operational, Administrative and Other Ordinary Expenses The Sponsor, in accordance with the BDRY Expense Cap limitation paid, after the waiver of the CTA fee for BDRY by Breakwave, all of the routine offering, operational, administrative and other ordinary expenses of BDRY in excess of 3.50% (excluding brokerage commissions and interest expense) of BDRY's average daily net assets, including, but not limited to, accounting and computer services, the fees and expenses of the Trustee, Administrator, Custodian, Transfer Agent and Distributor, legal and accounting fees and expenses, tax return preparation expenses, filing fees, and printing, mailing and duplication costs. BDRY incurred $424,697 and $214,940 for the three months ended March 31, 2021 and 2020, respectively, and $1,082,512 and $503,104 for the nine months ended March 31, 2021 and 2020, respectively, in routine offering, operational, administrative or other ordinary expenses. The CTA fee waiver for BDRY by Breakwave was $20,752 and $25,190 for the three months ended March 31, 2021 and 2020, respectively, and $39,184 and $41,403 for the nine months ended March 31, 2021 and 2020, respectively. In addition, the assumption of Fund expenses above the BDRY Expense Cap by the Sponsor, pursuant to the undertaking (as discussed in Note 4a), amounted to $-0- and $67,532 for the three months ended March 31, 2021 and 2020, respectively, and $-0- and $284,850 for the nine months ended March 31, 2021 and 2020, respectively. Prior to its liquidation, RISE incurred $115,209 for the three months ended March 31, 2020 and $193,779 and $351,317 for the nine months ended March 31, 2021 and 2020, respectively, in routine offering, operational, administrative or other ordinary expenses. Prior to its liquidation, the assumption of Fund expenses above the RISE Expense Cap by the Sponsor, pursuant to the undertaking (as discussed in Note 4a), amounted to $100,377 the three months ended March 31, 2020 and $136,902 and $297,853 for the nine months ended March 31, 2021 and 2020, respectively. (g) Organizational and Offering Costs Expenses incurred in connection with organizing BDRY and up to the offering of its Shares upon commencement of its investment operations on March 22, 2018, were paid by the Sponsor and Breakwave without reimbursement. Accordingly, all such expenses are not reflected in the Statements of Operations. The Fund will bear the costs of its continuous offering of Shares and ongoing offering expenses. Such ongoing offering costs will be included as a portion of the Routine Offering, Operational, Administrative and Other Ordinary Expenses. These costs will include registration fees for regulatory agencies and all legal, accounting, printing and other expenses associated therewith. These costs will be accounted for as a deferred charge and thereafter amortized to expense over twelve months on a straight-line basis or a shorter period if warranted. During the three and nine months ended March 31, 2021 the Sponsor, in order to maintain the continuous offering of Shares, undertook to register additional Shares of the Fund, the costs of which will be borne by the Fund. For the three and nine months ended March 31, 2020, BDRY incurred no such expenses. (h) Extraordinary Fees and Expenses The Fund will pay all extraordinary fees and expenses, if any. Extraordinary fees and expenses are fees and expenses which are nonrecurring and unusual in nature, such as legal claims and liabilities, litigation costs or indemnification or other unanticipated expenses. Such extraordinary fees and expenses, by their nature, are unpredictable in terms of timing and amount. For the three and nine months ended March 31, 2021 and 2020, respectively, BDRY incurred no such expenses.

Creations and Redemptions

Creations and Redemptions	9 Months Ended
Creations and Redemptions	Mar. 31, 2021
Creations and Redemptions [Abstract]
Creations and Redemptions	(5) Creations and Redemptions The Fund issues and redeems Shares from time to time, but only in one or more Creation Baskets. A Creation Basket is a block of 25,000 Shares of each Fund. Baskets may be created or redeemed only by Authorized Participants. Except when aggregated in Creation Baskets, the Shares are not redeemable securities. Retail investors, therefore, generally will not be able to purchase or redeem Shares directly from or with the Fund. Rather, most retail investors will purchase or sell Shares in the secondary market with the assistance of a broker. Thus, some of the information contained in these Notes to Interim Combined Financial Statements – such as references to the Transaction Fee imposed on creations and redemptions – is not relevant to retail investors. (a) Transaction Fees on Creation and Redemption Transactions In connection with orders to create and redeem one or more Creation Baskets, an Authorized Participant is required to pay a transaction fee, or AP Transaction Fee, of $250 ($500 prior to May 18, 2020) per order, which goes directly to the Custodian. The AP Transaction Fees are paid by the Authorized Participants and not by the Fund. (b) Share Transactions BREAKWAVE DRY BULK SHIPPING ETF Summary of Share Transactions for the Three Months Ended March 31, 2021 Shares Net Assets Shares Sold 1,250,000 $ 21,230,015 Shares Redeemed (1,725,000 ) (23,034,021 ) Net Decrease (475,000 ) $ (1,804,006 ) Summary of Share Transactions for the Three Months Ended March 31, 2020 Shares Net Assets Shares Sold 2,775,000 $ 21,611,870 Shares Redeemed (50,000 ) (695,550 ) Net Increase 2,725,000 $ 20,916,320 Summary of Share Transactions for the Nine Months Ended March 31, 2021 Shares Net Assets Shares Sold 1,525,000 $ 23,331,316 Shares Redeemed (4,575,000 ) (45,827,844 ) Net Decrease (3,050,000 ) $ (22,496,528 ) Summary of Share Transactions for the Nine Months Ended March 31, 2020 Shares Net Assets Shares Sold 2,850,000 $ 22,763,000 Shares Redeemed (300,000 ) (4,817,327 ) Net Increase 2,550,000 $ 17,945,673 SIT RISING RATE ETF (PRIOR TO LIQUIDATION ON NOVEMBER 18, 2020) Summary of Share Transactions for the Three Months Ended March 31, 2020 Shares Net Assets Shares Sold — $ — Shares Redeemed — — Net Decrease — $ — Summary of Share Transactions for the Nine Months Ended March 31, 2021 Shares Net Assets Shares Sold — $ — Shares Redeemed (Including in Liquidation) (250,040 ) (4,998,233 ) Net Decrease (250,040 ) $ (4,998,233 ) Summary of Share Transactions for the Nine Months Ended March 31, 2020 Shares Net Assets Shares Sold — $ — Shares Redeemed (275,000 ) (6,331,666 ) Net Decrease (275,000 ) $ (6,331,666 )

Risk

Risk	9 Months Ended
Risk	Mar. 31, 2021
Risks and Uncertainties [Abstract]
Risk	(6) Risk (a) Investment Related Risk The NAV of BDRY's shares relates directly to the value of the futures portfolio, cash and cash equivalents held by BDRY. Fluctuations in the prices of these assets could materially adversely affect the value and performance of an investment in BDRY's shares. Past performance is not necessarily indicative of future results; all or substantially all of an investment in BDRY could be lost. The NAV of BDRY's shares relates directly to the value of futures investments held by BDRY which are materially impacted by fluctuations in changes in spot charter rates. Charter rates for dry bulk vessels are volatile and have declined significantly since their historic highs and may remain at low levels or decrease further in the future. Futures and options contracts have expiration dates. Before or upon the expiration of a contract, BDRY may be required to enter into a replacement contract that is priced higher or that have less favorable terms than the contract being replaced (see "Negative Roll Risk," below). The Freight Futures market settles in cash against published indices, so there is no physical delivery against the futures contracts. Similar to other futures contracts, the Freight Futures curve shape could be either in "contango" (where the futures curve is upward sloping with next futures price higher than the current one) or "backwardation" (where each the next futures price is lower than the current one). Contango curves are generally characterized by negative roll cost, as the expiring contract value is lower that the next prompt contract value, assuming the same lot size. That means there could be losses incurred when the contracts are rolled each period and such losses are independent of the Freight Futures price level. (b) Liquidity Risk In certain circumstances, such as the disruption of the orderly markets for the futures contracts or Financial Instruments in which the Fund invests, the Fund might not be able to dispose of certain holdings quickly or at prices that represent what the market value may have been in an orderly market. Futures and option positions cannot always be liquidated at the desired price. It is difficult to execute a trade at a specific price when there is a relatively small volume of buy and sell orders in a market. A market disruption can also make it difficult to liquidate a position. The large size of the positions that the Fund may acquire increases the risk of illiquidity both by making its positions more difficult to liquidate and by potentially increasing losses while trying to do so. Such a situation may prevent the Fund from limiting losses, realizing gains or achieving a high correlation with the Benchmark Portfolio. (c) Natural Disaster/Epidemic Risk Natural or environmental disasters, such as earthquakes, fires, floods, hurricanes, tsunamis and other severe weather-related phenomena generally, and widespread disease, including pandemics and epidemics (for example, the novel coronavirus COVID-19), have been and can be highly disruptive to economies and markets and have recently led, and may continue to lead, to increased market volatility and significant market losses. Such natural disaster and health crises could exacerbate political, social, and economic risks previously mentioned, and result in significant breakdowns, delays, shutdowns, social isolation, and other disruptions to important global, local and regional supply chains affected, with potential corresponding results on the operating performance of the Fund and its investments. A climate of uncertainty and panic, including the contagion of infectious viruses or diseases, may adversely affect global, regional, and local economies and reduce the availability of potential investment opportunities, and increases the difficulty of performing due diligence and modeling market conditions, potentially reducing the accuracy of financial projections. Under these circumstances, the Fund may have difficulty achieving its investment objective which may adversely impact performance. Further, such events can be highly disruptive to economies and markets, significantly disrupt the operations of individual companies (including, but not limited to, the Fund's Sponsor and third party service providers), sectors, industries, markets, securities and commodity exchanges, currencies, interest and inflation rates, credit ratings, investor sentiment, and other factors affecting the value of the Fund's investments. These factors can cause substantial market volatility, exchange trading suspensions and closures and can impact the ability of the Fund to complete redemptions and otherwise affect Fund performance and Fund trading in the secondary market. A widespread crisis may also affect the global economy in ways that cannot necessarily be foreseen at the present time. How long such events will last and whether they will continue or recur cannot be predicted. Impacts from these events could have significant impact on the Fund's performance, resulting in losses to the Fund. (d) Risk that Current Assumptions and Expectations Could Become Outdated as a result of Global Economic Shocks The onset of the novel coronavirus (COVID-19) has caused significant shocks to global financial markets and economies, with many governments taking extreme actions to slow and contain the spread of COVID-19. These actions have had, and likely will continue to have, a severe economic impact on global economies as economic activity in some instances has essentially ceased at times. Financial markets across the globe have experienced, and may continue to experience, severe distress at least equal to what was experienced during the global financial crisis in 2008. The global economic shocks being experienced as of the date hereof may cause the underlying assumptions and expectations of the Fund to become outdated quickly or inaccurate, resulting in significant losses.

Profit and Loss Allocations and

Profit and Loss Allocations and Distributions	9 Months Ended
Profit and Loss Allocations and Distributions	Mar. 31, 2021
Profit and Loss Allocations and Distributions [Abstract]
Profit and Loss Allocations and Distributions	(7) Profit and Loss Allocations and Distributions Pursuant to the Trust Agreement, income and expenses are allocated pro rata pro rata

Indemnifications

Indemnifications	9 Months Ended
Indemnifications	Mar. 31, 2021
Indemnifications [Abstract]
Indemnifications	(8) Indemnifications The Sponsor, either in its own capacity or in its capacity as the Sponsor and on behalf of the Fund, has entered into various service agreements that contain a variety of representations, or provide indemnification provisions related to certain risks service providers undertake in performing services which are in the best interests of the Fund. As of March 31, 2021, the Fund had not received any claims or incurred any losses pursuant to these agreements and expects the risk of such losses to be remote.

Termination

Termination	9 Months Ended
Termination	Mar. 31, 2021
Termination [Abstract]
Termination	(9) Termination The term of the Fund is perpetual unless terminated earlier in certain circumstances as described in the Prospectus. On October 16, 2020, the Sponsor announced that it would close and liquidate the SIT RISING RATE ETF ("RISE") because of current market conditions and the Fund's asset size. The last day the liquidated fund accepted creation orders was on October 30, 2020. Trading in RISE was suspended after the close of the NYSE Arca on October 30, 2020. Proceeds of the liquidation were sent to shareholders on November 18, 2020 (the "Distribution Date"). From October 30, 2020 through the distribution date, shares of RISE did not trade on the NYSE Arca nor was there a secondary market for the shares. Any shareholders that remained in RISE on the Distribution Date automatically had their shares redeemed for cash at the current net asset value on November 18, 2020.

Net Asset Value and Financial H

Net Asset Value and Financial Highlights	9 Months Ended
Net Asset Value and Financial Highlights	Mar. 31, 2021
Net Asset Value And Financial Highlights [Abstract]
Net Asset Value and Financial Highlights	(10) Net Asset Value and Financial Highlights The Funds are presenting, as applicable, the following net asset value and financial highlights related to investment performance for a Share outstanding throughout the three month and nine months ended March 31, 2021 and March 31, 2020, respectively. The net investment income and total expense ratios are calculated using average net assets. The net asset value presentation is calculated by dividing each Fund's net assets by the average daily number of Shares outstanding. The net investment income (loss) and expense ratios have been annualized. The total return is based on the change in net asset value and market value of the Shares during the period. An individual investor's return and ratios may vary based on the timing of their transactions in Fund Shares. THREE MONTHS ENDED THREE MONTHS ENDED BREAKWAVE BREAKWAVE SIT Net Asset Value Net asset value per Share, beginning of period $ 7.93 $ 15.37 $ 22.96 Net investment income (loss) (0.16 ) (0.11 ) 0.02 Net realized and unrealized gain (loss) 9.04 (8.76 ) (2.45 ) Net Income (Loss) 8.88 (8.87 ) (2.43 ) Net Asset Value per Share, end of period $ 16.81 $ 6.50 $ 20.53 Market Value per Share, end of period $ 16.92 $ 6.39 $ 20.53 Ratios to Average Net Assets* Expense Ratio* 4.91 % 7.04 % 1.08 % Expense Ratio* before Waiver/Assumption 5.16 % 12.37 % 8.41 % Net Investment Income (Loss) (4.90 %) (6.10 %) 0.43 % Total Return, at Net Asset Value 111.98 % (57.71 %) (10.58 %) Total Return, at Market Value 119.74 % (58.64 %) (10.62 %) * Percentages are annualized Percentages are not annualized * For Breakwave Dry Bulk Shipping ETF, Fund expenses have been capped at 3.50% of average daily net assets, plus brokerage commissions, interest expense, and extraordinary expenses, if any. Prior to the liquidation of Sit Rising Rate ETF, Fund expenses had been capped at 1.00% of average daily net assets, plus brokerage commissions, interest expense, and extraordinary expenses. NINE MONTHS ENDED NINE MONTHS ENDED BREAKWAVE BREAKWAVE SIT Net Asset Value Net asset value per Share, beginning of period $ 7.70 $ 13.25 $ 22.70 Net investment income (loss) (0.31 ) (0.34 ) 0.14 Net realized and unrealized gain (loss) 9.42 (6.41 ) (2.31 ) Net Income (Loss) 9.11 (6.75 ) (2.17 ) Net Asset Value per Share, end of period 16.81 $ 6.50 $ 20.53 Market Value per Share, end of period $ 16.92 $ 6.39 $ 20.53 Ratios to Average Net Assets* Expense Ratio* 4.52 % 6.19 % 1.08 % Expense Ratio* before Waiver/Assumption 4.69 % 17.62 % 7.09 % Net Investment Income (Loss) (4.52 %) (4.96 %) 0.86 % Total Return, at Net Asset Value 118.31 % (50.94 %) (9.56 %) Total Return, at Market Value 128.96 % (51.41 %) (9.68 %) * Percentages are annualized Percentages are not annualized * For Breakwave Dry Bulk Shipping ETF, Fund expenses have been capped at 3.50% of average daily net assets, plus brokerage commissions, interest expense, and extraordinary expenses, if any. Prior to the liquidation of Sit Rising Rate ETF, Fund expenses had been capped at 1.00% of average daily net assets, plus brokerage commissions, interest expense, and extraordinary expenses.

Subsequent Events

Subsequent Events	9 Months Ended
Subsequent Events	Mar. 31, 2021
Subsequent Events [Abstract]
Subsequent Events	(11) Subsequent Events In preparing these financial statements, the Fund has evaluated events and transactions for potential recognition or disclosure through the date the financial statements were issued. This evaluation did not result in any subsequent events that necessitated disclosures and/or adjustments to the financial statements other than as disclosed below: The original registration statement on Form S-1 registered 10,000,000 common units, or "Shares," of BDRY and was declared effective March 9, 2018. During March 2021, the Sponsor undertook to register an additional 5,000,000 Shares of BDRY. The registration statement was declared effective on March 31, 2021. The expense associated with the additional registration of Shares of $28,997 was recorded as a deferred charge as of April 1, 2021 and will be amortized to expense over twelve months on a straight-line basis or a shorter period if warranted.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
Summary of Significant Accounting Policies (Policies)	Mar. 31, 2021
Accounting Policies [Abstract]
Basis of Accounting	(a) Basis of Accounting The accompanying interim combined financial statements of the Fund have been prepared in conformity with U.S. generally accepted accounting principles ("U.S. GAAP"). The Fund qualifies as an investment company for financial reporting purposes under Topic 946 of the Accounting Standard Codification of U.S. GAAP. The accompanying interim combined financial statements are unaudited, but in the opinion of management, contain all adjustments (which include normal recurring adjustments) considered necessary to present fairly the interim combined financial statements. These interim combined financial statements should be read in conjunction with BDRY's annual report on Form 10-K for the year ended June 30, 2020 and BDRY's prospectus dated March 18, 2021 (the "BDRY Prospectus,"). Interim period results are not necessarily indicative of results for a full-year period.
Use of Estimates	(b) Use of Estimates The preparation of the interim combined financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the interim combined financial statements and accompanying notes. Actual results could differ from those estimates. There were no significant estimates used in the preparation of the interim combined financial statements.
Cash	(c) Cash Cash, when shown in the Combined Statements of Assets and Liabilities, represents non-segregated cash with the custodian and does not include short-term investments.
Cash Held by Broker	(d) Cash Held by Broker Breakwave is registered as a "commodity trading advisor" and acts as such for BDRY. The Fund's arrangement with its FCM requires the Fund to meet its variation margin requirement related to the price movements, both positive and negative, on futures contracts held by the Fund by keeping cash on deposit with the Commodity Broker (as defined below). These amounts are shown as Segregated cash held by broker in the Combined Statements of Assets and Liabilities. The Fund deposits cash or United States Treasury Obligations, as applicable, with its FCM subject to the CFTC regulations and various exchange and broker requirements. The combination of the Fund's deposits with its FCM of cash and United States Treasury Obligations, as applicable, and the unrealized gain or loss on open futures contracts (variation margin) represents the Fund's overall equity in its brokerage trading account. The Fund uses its cash held by its FCM to satisfy variation margin requirements. The Fund earns interest on its cash deposited with its FCM and interest income is recorded on the accrual basis.
Final Net Asset Value for Fiscal Period	(e) Final Net Asset Value for Fiscal Period The calculation time of the Fund's final net asset value for creation and redemption of Fund shares for the three and nine months ended March 31, 2021 and 2020 was at 4:00 p.m. Eastern Time on March 31, 2021 and 2020, respectively. RISE was liquidated on November 18, 2020 at its final net asset value as of that date. Although the Fund's shares may continue to trade on secondary markets subsequent to the calculation of the final NAV, the 4:00 p.m. Eastern Time represented the final opportunity to transact in creation or redemption baskets for the three and nine months ended March 31, 2021 and 2020. Fair value per share is determined at the close of the NYSE Arca. For financial reporting purposes, the Fund values its investment positions based upon the final closing price in their primary markets. Accordingly, the investment valuations in these interim combined financial statements differ from those used in the calculations of the Fund's final creation/redemption NAVs at March 31, 2021 and 2020.
Investment Valuation	(f) Investment Valuation Short-term investments, excluding U.S. Treasury Bills, are carried at amortized cost, which approximates fair value. U.S. Treasury Bills are valued as determined by an independent pricing service based on methods which include consideration of: yields or prices of securities of comparable quality, coupon, maturity and type; indications as to values from dealers; and general market conditions. Futures and options contracts are valued at the last settled price on the applicable exchange on which that futures and/or options contract trades.
Financial Instruments and Fair Value	(g) Financial Instruments and Fair Value The Fund discloses the fair value of its investments in accordance with the Financial Accounting Standards Board ("FASB") fair value measurement and disclosure guidance which requires a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The disclosure requirements establish a fair value hierarchy that distinguishes between: (1) market participant assumptions developed based on market data obtained from sources independent to the Fund (observable inputs); and (2) the Fund's own assumptions about market participant assumptions developed based on the best information available under the circumstances (unobservable inputs). The three levels defined by the disclosure requirements hierarchy are as follows: Level I: Quoted prices (unadjusted) in active markets for identical assets and liabilities that the reporting entity has the ability to access at the measurement date. Level II: Inputs other than quoted prices included within Level I that are observable for the asset or liability, either directly or indirectly. Level II inputs include the following: quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability, and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market-corroborated inputs). Level III: Unobservable pricing input at the measurement date for the asset or liability. Unobservable inputs shall be used to measure fair value to the extent that observable inputs are not available. In some instances, the inputs used to measure fair value might fall in different levels of the fair value hierarchy. The level in the fair value hierarchy within which the fair value measurement in its entirety falls shall be determined based on the lowest input level that is significant to the fair value measurement in its entirety. Fair value measurements also require additional disclosure when the volume and level of activity for the asset or liability have significantly decreased, as well as when circumstances indicate that a transaction is not orderly. The following table summarizes BDRY's valuation of investments at March 31, 2021 and at June 30, 2020 using the fair value hierarchy: March 31, 2021 (unaudited) Short-Term Futures Total Level I – Quoted Prices $ 10,298,204 a $ 2,576,110 b $ 12,874,314 a – Included in Investments in securities in the Combined Statements of Assets and Liabilities. b – Included in Receivable on open futures contracts in the Combined Statements of Assets and Liabilities. June 30, 2020 (audited) Short-Term Futures Total Level I – Quoted Prices $ 7,986,862 a $ 8,581,555 b $ 16,568,417 a – Included in Investments in securities in the Combined Statements of Assets and Liabilities. b – Included in Receivable on open futures contracts in the Combined Statements of Assets and Liabilities. Transfers between levels are recognized at the end of the reporting period. During the nine months ended March 31, 2021 and the year ended June 30, 2020, BDRY recognized no transfers from Level 1, Level 2 or Level 3. The inputs or methodology used for valuing investments are not necessarily an indication of the risk associated with investing in those securities. The following tables summarize RISE's valuation of investments at June 30, 2020 using the fair value hierarchy: June 30, 2020 (audited) Short-Term Purchased Written Futures Total Level I – Quoted Prices $ 4,865,473 a $ 14,296 a $ (4,148) b $ (5,144 c $ 4,870,477 a – Included in Investments in securities in the Combined Statements of Assets and Liabilities. b – Included in Options written, at fair value in the Combined Statements of Assets and Liabilities. c – Included in Payable on open futures contracts in the Combined Statements of Assets and Liabilities. Transfers between levels are recognized at the end of the reporting period. During the year ended June 30, 2020, RISE recognized no transfers from Level 1, Level 2 or Level 3.
Investment Transactions and Related Income	(h) Investment Transactions and Related Income Investment transactions are recorded on the trade date. All such transactions are recorded on the identified cost basis, and marked to market daily. Unrealized gain/loss on open futures contracts is reflected in Receivable/Payable on open futures contracts in the Combined Statements of Assets and Liabilities and the change in the unrealized gain/loss between periods is reflected in the Combined Statements of Operations. BDRY's interest earned on short-term securities and on cash deposited with ED & F Man Capital Markets Inc. is accrued daily and reflected as Interest Income, when applicable, in the Combined Statements of Operations.
Federal Income Taxes	(i) Federal Income Taxes The Fund is registered as a Delaware statutory trust and is treated as a partnership for U.S. federal income tax purposes. Accordingly, the Fund does not expect to incur U.S. federal income tax liability; rather, each beneficial owner is required to take into account their allocable share of the Fund's income, gain, loss, deductions and other items for the Fund's taxable year ending with or within the beneficial owner's taxable year. Management of the Fund has reviewed the open tax years and major jurisdictions and concluded that there is no tax liability resulting from unrecognized tax benefits relating to uncertain income tax positions taken or expected to be taken in future tax returns at March 31, 2021 and June 30, 2020. The Fund is also not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. On an ongoing basis, management will monitor its tax positions taken to determine if adjustments to its conclusions are necessary based on factors including, but not limited to, further implementation of guidance expected from the FASB and on-going analysis of tax law, regulation, and interpretations thereof. The Fund's federal tax returns are subject to examination by the Internal Revenue Service for a period of three years after they are filed.
Reclassification and Changes in Presentation	(j) Reclassification and Changes in Presentation Certain reclassifications and changes in presentation have been made to the prior unaudited interim combined financial statements to conform with the current period presentation.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	9 Months Ended
Summary of Significant Accounting Policies (Tables)	Mar. 31, 2021
Accounting Policies [Abstract]
Schedule of balance sheet grouping	The following table summarizes BDRY's valuation of investments at March 31, 2021 and at June 30, 2020 using the fair value hierarchy: March 31, 2021 (unaudited) Short-Term Futures Total Level I – Quoted Prices $ 10,298,204 a $ 2,576,110 b $ 12,874,314 a – Included in Investments in securities in the Combined Statements of Assets and Liabilities. b – Included in Receivable on open futures contracts in the Combined Statements of Assets and Liabilities. June 30, 2020 (audited) Short-Term Futures Total Level I – Quoted Prices $ 7,986,862 a $ 8,581,555 b $ 16,568,417 a – Included in Investments in securities in the Combined Statements of Assets and Liabilities. b – Included in Receivable on open futures contracts in the Combined Statements of Assets and Liabilities. Transfers between levels are recognized at the end of the reporting period. During the nine months ended March 31, 2021 and the year ended June 30, 2020, BDRY recognized no transfers from Level 1, Level 2 or Level 3. The inputs or methodology used for valuing investments are not necessarily an indication of the risk associated with investing in those securities. The following tables summarize RISE's valuation of investments at June 30, 2020 using the fair value hierarchy: June 30, 2020 (audited) Short-Term Purchased Written Futures Total Level I – Quoted Prices $ 4,865,473 a $ 14,296 a $ (4,148) b $ (5,144 c $ 4,870,477 a – Included in Investments in securities in the Combined Statements of Assets and Liabilities. b – Included in Options written, at fair value in the Combined Statements of Assets and Liabilities. c – Included in Payable on open futures contracts in the Combined Statements of Assets and Liabilities. Transfers between levels are recognized at the end of the reporting period. During the year ended June 30, 2020, RISE recognized no transfers from Level 1, Level 2 or Level 3.

Investments (Tables)

Investments (Tables)	9 Months Ended
Investments (Tables)	Mar. 31, 2021
Investments [Abstract]
Schedule of derivative instruments in statement of financial position	BREAKWAVE DRY BULK SHIPPING ETF Fair Value of Derivative Instruments, as of March 31, 2021 Asset Derivatives Liability Derivatives Derivatives Combined Statements of Assets and Liabilities Fair Combined Fair Interest Rate Risk Receivable on open futures contracts $ 2,576,110 * — — * Represents cumulative appreciation of futures contracts as reported in the Combined Statements of Assets and Liabilities. BREAKWAVE DRY BULK SHIPPING ETF Fair Value of Derivative Instruments, as of June 30, 2020 Asset Derivatives Liability Derivatives Derivatives Combined Statements of Assets and Liabilities Fair Combined Fair Interest Rate Risk Receivable on open futures contracts $ 8,581,555 * — — * Represents cumulative appreciation of futures contracts as reported in the Combined Statements of Assets and Liabilities.
Schedule of derivative instruments, effect on other comprehensive income (loss)	BREAKWAVE DRY BULK SHIPPING ETF The Effect of Derivative Instruments on the Combined Statements of Operations For the Three Months Ended March 31, 2021 Derivatives Location of Gain (Loss) on Derivatives Realized Change in Interest Rate Risk Net realized gain on investments and futures and/or Change in unrealized gain (loss) on investments and futures contracts $ 24,152,831 $ (1,727,485 The futures contracts open at March 31, 2021 are indicative of the activity for the three months ended March 31, 2021. BREAKWAVE DRY BULK SHIPPING ETF The Effect of Derivative Instruments on the Combined Statements of Operations For the Three Months Ended March 31, 2020 Derivatives Location of Gain (Loss) on Derivatives Realized Change in Interest Rate Risk Net realized loss on investments and futures and/or Change in unrealized gain (loss) on investments and futures contracts $ (2,727,061) $ (1,871,170) The futures contracts open at March 31, 2020 are indicative of the activity for the three months ended March 31, 2020. BREAKWAVE DRY BULK SHIPPING ETF The Effect of Derivative Instruments on the Combined Statements of Operations For the Nine Months Ended March 31, 2021 Derivatives Location of Gain (Loss) on Derivatives Realized Change in Interest Rate Risk Net realized gain on investments and futures and/or Change in unrealized gain (loss) on investments and futures contracts $ 30,666,327 $ (6,055,445 The futures contracts open at March 31, 2021 are indicative of the activity for the nine months ended March 31, 2021. BREAKWAVE DRY BULK SHIPPING ETF The Effect of Derivative Instruments on the Combined Statements of Operations For the Nine Months Ended March 31, 2020 Derivatives Location of Gain (Loss) on Derivatives Realized Change in Interest Rate Risk Net realized loss on investments and futures and/or Change in unrealized gain (loss) on investments and futures contracts $ (2,388,880) $ (1,204,565) The futures contracts open at March 31, 2020 are indicative of the activity for the nine months ended March 31, 2020. SIT RISING RATE ETF Fair Value of Derivative Instruments, as of June 30, 2020 Asset Derivatives Liability Derivatives Derivatives Combined Fair Value Combined Fair Value Interest Rate Risk Purchased options $ 14,296 * Payable on open futures contracts $ (5,144 ** Interest Rate Risk — — Written options, at fair value $ (4,148 * * Represents fair value of options contracts as reported in the Combined Statements of Assets and Liabilities. ** Represents cumulative depreciation of futures contracts as reported in the Combined Statements of Assets and Liabilities. SIT RISING RATE ETF The Effect of Derivative Instruments on the Combined Statements of Operations For the Three Months Ended March 31, 2020 Derivatives Location of Gain (Loss) on Derivatives Realized Change in Interest Rate Risk Net realized loss on investments, futures and options contracts and/or Change in unrealized gain (loss) on investments, futures and options contracts $ (167,895 $ (444,797) The futures and options contracts open at March 31, 2020 are indicative of the activity for the three months ended March 31, 2020. SIT RISING RATE ETF The Effect of Derivative Instruments on the Combined Statements of Operations For the Nine Months Ended March 31, 2021 Derivatives Location of Gain (Loss) on Derivatives Realized Loss on Change in (Loss) on Interest Rate Risk Net realized loss on investments, futures and options contracts and/or Change in unrealized gain (loss) on investments, futures and options contracts $ (29,138 $ 10,459 The operations include the activity of Sit Rising Rate ETF through November 18, 2020, the date of liquidation. SIT RISING RATE ETF The Effect of Derivative Instruments on the Combined Statements of Operations For the Nine Months Ended March 31, 2020 Derivatives Location of Gain (Loss) on Derivatives Realized Loss on Change in (Loss) on Interest Rate Risk Net realized loss on investments, futures and options contracts and/or Change in unrealized gain (loss) on investments, futures and options contracts $ (420,623 $ (76,566) The futures and options contracts open at March 31, 2020 are indicative of the activity for the nine months ended March 31, 2020.

Creations and Redemptions (Tabl

Creations and Redemptions (Tables)	9 Months Ended
Creations and Redemptions (Tables)	Mar. 31, 2021
Creations and Redemptions [Abstract]
Schedule of share transactions	BREAKWAVE DRY BULK SHIPPING ETF Summary of Share Transactions for the Three Months Ended March 31, 2021 Shares Net Assets Shares Sold 1,250,000 $ 21,230,015 Shares Redeemed (1,725,000 ) (23,034,021 ) Net Decrease (475,000 ) $ (1,804,006 ) Summary of Share Transactions for the Three Months Ended March 31, 2020 Shares Net Assets Shares Sold 2,775,000 $ 21,611,870 Shares Redeemed (50,000 ) (695,550 ) Net Increase 2,725,000 $ 20,916,320 Summary of Share Transactions for the Nine Months Ended March 31, 2021 Shares Net Assets Shares Sold 1,525,000 $ 23,331,316 Shares Redeemed (4,575,000 ) (45,827,844 ) Net Decrease (3,050,000 ) $ (22,496,528 ) Summary of Share Transactions for the Nine Months Ended March 31, 2020 Shares Net Assets Shares Sold 2,850,000 $ 22,763,000 Shares Redeemed (300,000 ) (4,817,327 ) Net Increase 2,550,000 $ 17,945,673 SIT RISING RATE ETF (PRIOR TO LIQUIDATION ON NOVEMBER 18, 2020) Summary of Share Transactions for the Three Months Ended March 31, 2020 Shares Net Assets Shares Sold — $ — Shares Redeemed — — Net Decrease — $ — Summary of Share Transactions for the Nine Months Ended March 31, 2021 Shares Net Assets Shares Sold — $ — Shares Redeemed (Including in Liquidation) (250,040 ) (4,998,233 ) Net Decrease (250,040 ) $ (4,998,233 ) Summary of Share Transactions for the Nine Months Ended March 31, 2020 Shares Net Assets Shares Sold — $ — Shares Redeemed (275,000 ) (6,331,666 ) Net Decrease (275,000 ) $ (6,331,666 )

Net Asset Value and Financial_2

Net Asset Value and Financial Highlights (Tables)	9 Months Ended
Net Asset Value and Financial Highlights (Tables)	Mar. 31, 2021
Net Asset Value And Financial Highlights [Abstract]
Schedule of net asset value and ratios to average net assets	THREE MONTHS ENDED THREE MONTHS ENDED BREAKWAVE BREAKWAVE SIT Net Asset Value Net asset value per Share, beginning of period $ 7.93 $ 15.37 $ 22.96 Net investment income (loss) (0.16 ) (0.11 ) 0.02 Net realized and unrealized gain (loss) 9.04 (8.76 ) (2.45 ) Net Income (Loss) 8.88 (8.87 ) (2.43 ) Net Asset Value per Share, end of period $ 16.81 $ 6.50 $ 20.53 Market Value per Share, end of period $ 16.92 $ 6.39 $ 20.53 Ratios to Average Net Assets* Expense Ratio* 4.91 % 7.04 % 1.08 % Expense Ratio* before Waiver/Assumption 5.16 % 12.37 % 8.41 % Net Investment Income (Loss) (4.90 %) (6.10 %) 0.43 % Total Return, at Net Asset Value 111.98 % (57.71 %) (10.58 %) Total Return, at Market Value 119.74 % (58.64 %) (10.62 %) * Percentages are annualized Percentages are not annualized * For Breakwave Dry Bulk Shipping ETF, Fund expenses have been capped at 3.50% of average daily net assets, plus brokerage commissions, interest expense, and extraordinary expenses, if any. Prior to the liquidation of Sit Rising Rate ETF, Fund expenses had been capped at 1.00% of average daily net assets, plus brokerage commissions, interest expense, and extraordinary expenses. NINE MONTHS ENDED NINE MONTHS ENDED BREAKWAVE BREAKWAVE SIT Net Asset Value Net asset value per Share, beginning of period $ 7.70 $ 13.25 $ 22.70 Net investment income (loss) (0.31 ) (0.34 ) 0.14 Net realized and unrealized gain (loss) 9.42 (6.41 ) (2.31 ) Net Income (Loss) 9.11 (6.75 ) (2.17 ) Net Asset Value per Share, end of period 16.81 $ 6.50 $ 20.53 Market Value per Share, end of period $ 16.92 $ 6.39 $ 20.53 Ratios to Average Net Assets* Expense Ratio* 4.52 % 6.19 % 1.08 % Expense Ratio* before Waiver/Assumption 4.69 % 17.62 % 7.09 % Net Investment Income (Loss) (4.52 %) (4.96 %) 0.86 % Total Return, at Net Asset Value 118.31 % (50.94 %) (9.56 %) Total Return, at Market Value 128.96 % (51.41 %) (9.68 %) * Percentages are annualized Percentages are not annualized * For Breakwave Dry Bulk Shipping ETF, Fund expenses have been capped at 3.50% of average daily net assets, plus brokerage commissions, interest expense, and extraordinary expenses, if any. Prior to the liquidation of Sit Rising Rate ETF, Fund expenses had been capped at 1.00% of average daily net assets, plus brokerage commissions, interest expense, and extraordinary expenses.

Organization (Details)

Organization (Details) - BREAKWAVE DRY BULK SHIPPING ETF [Member]	9 Months Ended
	Mar. 31, 2021
Capesize Freight Futures contracts [Member]
Organization (Textual)
Percentage of concentration risk	50.00%
Panamax Freight Futures contracts [Member]
Organization (Textual)
Percentage of concentration risk	40.00%
Supramax Freight Futures contracts [Member]
Organization (Textual)
Percentage of concentration risk	10.00%
Minimum [Member]
Organization (Textual)
Percentage of freight futures position	10.00%
Maximum [Member]
Organization (Textual)
Percentage of freight futures position	40.00%

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - USD ($)		Mar. 31, 2021	Jun. 30, 2020
Short-Term Investments			$ 12,866,631
Written Options Contracts			(4,148)
SIT RISING RATE ETF [Member]
Short-Term Investments			4,879,769
Written Options Contracts			(4,148)
SIT RISING RATE ETF [Member] \| Fair Value, Inputs, Level 1 [Member]
Short-Term Investments	[1]		4,865,473
Purchased Options Contracts	[1]		14,296
Written Options Contracts	[2]		(4,148)
Futures Contracts	[3]		(5,144)
Total			4,870,477
BREAKWAVE DRY BULK SHIPPING ETF [Member]
Short-Term Investments		$ 10,298,204	7,986,862
Written Options Contracts
BREAKWAVE DRY BULK SHIPPING ETF [Member] \| Fair Value, Inputs, Level 1 [Member]
Short-Term Investments	[1]	10,298,204	7,986,862
Futures Contracts	[4]	2,576,110	8,581,555
Total		$ 12,874,314	$ 16,568,417

[1]	Included in Investments in securities in the Combined Statements of Assets and Liabilities.
[2]	Included in Options Written, at fair value in the Combined Statements of Assets and Liabilities.
[3]	Included in Payable on open futures contracts in the Combined Statements of Assets and Liabilities.
[4]	Included in Receivable on open futures contracts in the Combined Statements of Assets and Liabilities.

Investments (Details)

Investments (Details) - USD ($)		Mar. 31, 2021	Jun. 30, 2020
Risks Inherent in Servicing Assets and Servicing Liabilities [Line Items]
Payable on open futures contracts			$ 5,144
Written options, at fair value			(4,148)
SIT RISING RATE ETF [Member]
Risks Inherent in Servicing Assets and Servicing Liabilities [Line Items]
Payable on open futures contracts			5,144
Written options, at fair value			(4,148)
SIT RISING RATE ETF [Member] \| Interest Rate Risk [Member]
Risks Inherent in Servicing Assets and Servicing Liabilities [Line Items]
Purchased options	[1]		14,296
Payable on open futures contracts	[2]		(5,144)
Written options, at fair value	[1]		(4,148)
BREAKWAVE DRY BULK SHIPPING ETF [Member]
Risks Inherent in Servicing Assets and Servicing Liabilities [Line Items]
Payable on open futures contracts
Written options, at fair value
BREAKWAVE DRY BULK SHIPPING ETF [Member] \| Interest Rate Risk [Member]
Risks Inherent in Servicing Assets and Servicing Liabilities [Line Items]
Receivable on open futures contracts	[3]	$ 2,576,110	$ 8,581,555

[1]	Represents fair value of options contracts as reported in the Combined Statements of Assets and Liabilities.
[2]	Represents cumulative depreciation of futures contracts as reported in the Combined Statements of Assets and Liabilities.
[3]	Represents cumulative appreciation of futures contracts as reported in the Combined Statements of Assets and Liabilities.

Investments (Details 1)

Investments (Details 1) - Interest Rate Risk [Member] - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
BREAKWAVE DRY BULK SHIPPING ETF [Member]
Risks Inherent in Servicing Assets and Servicing Liabilities [Line Items]
Location of Gain (Loss) on Derivatives	Net realized gain on investments and futures and/or Change in unrealized gain (loss) on investments and futures contracts	Net realized loss on investments and futures and/or Change in unrealized gain (loss) on investments and futures contracts	Net realized gain on investments and futures and/or Change in unrealized gain (loss) on investments and futures contracts	Net realized loss on investments and futures and/or Change in unrealized gain (loss) on investments and futures contracts
Realized Loss on Derivatives Recognized in Income	$ 24,152,831	$ (2,727,061)	$ 30,666,327	$ (2,388,880)
Change in Unrealized Gain (Loss) on Derivatives Recognized in Income	$ (1,727,485)	$ (1,871,170)	$ (6,055,445)	$ (1,204,565)
SIT RISING RATE ETF [Member]
Risks Inherent in Servicing Assets and Servicing Liabilities [Line Items]
Location of Gain (Loss) on Derivatives	Net realized loss on investments, futures and options contracts and/or Change in unrealized gain (loss) on investments, futures and options contracts	Net realized loss on investments, futures and options contracts and/or Change in unrealized gain (loss) on investments, futures and options contracts	Net realized loss on investments, futures and options contracts and/or Change in unrealized gain (loss) on investments, futures and options contracts	Net realized loss on investments, futures and options contracts and/or Change in unrealized gain (loss) on investments, futures and options contracts
Realized Loss on Derivatives Recognized in Income	$ (29,138)	$ (167,895)	$ (29,138)	$ (420,623)
Change in Unrealized Gain (Loss) on Derivatives Recognized in Income	$ 10,459	$ (444,797)	$ 10,459	$ (76,566)

Agreements (Details)

Agreements (Details) - USD ($)		3 Months Ended		9 Months Ended
Agreements (Details) - USD ($)		Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021		Mar. 31, 2020
Agreements (Textual)
Waiver of commodity trading advisor fees			$ 25,190	$ 39,184		$ 41,403
Noninterest expense commission expense			62,528	276,269		80,820
Costs and expenses			330,149	1,276,291		854,421
Management fee expense			12,373	32,122		37,535
Revised annual sponsor fee			49,725	118,907		150,269
Admin/accounting/custodian/transfer agent fees			29,701	67,984		89,755
Wholesale support fees			9,670	47,959		27,163
Interest expense			21	362		35
SIT RISING RATE ETF [Member]
Agreements (Textual)
Waiver of commodity trading advisor fees					[1]
Payments for fees				136,902		297,853
Brokerage commissions fees			1,120	1,424		3,913
Noninterest expense commission expense			1,120	1,424	[1]	3,913
Trustee fees			621	843		1,878
Costs and expenses			115,209	193,779	[1]	351,317
Management fee expense			6,158	13,356	[1]	18,754
Administrative and other expenses absorbed by sponsor			3,863	5,116		11,675
Revised annual sponsor fee			18,647	25,068	[1]	56,351
Admin/accounting/custodian/transfer agent fees			14,322	19,486	[1]	43,280
Wholesale support fees			1,369	1,522	[1]	4,952
Fund expenses			100,377	$ 136,902		297,853
Distributor, description				RISE also paid the Sponsor an annual fee for wholesale support services equal to 0.1% of RISE's average daily net assets, payable monthly.
Interest expense			12	$ 220	[1]	26
SIT RISING RATE ETF [Member] \| Sponsors Advisory Services [Member]
Agreements (Textual)
Average daily net assets, percentage				0.02%
Administrative and other expenses absorbed by sponsor				$ 15,000
ETF MANAGERS GROUP COMMODITY TRUST I [Member]
Agreements (Textual)
Waiver of commodity trading advisor fees	[2]	$ 20,752
Noninterest expense commission expense	[2]	115,803
Costs and expenses	[2]	424,697
Management fee expense	[2]	6,164
Revised annual sponsor fee	[2]	30,823
Admin/accounting/custodian/transfer agent fees	[2]	15,930
Wholesale support fees	[2]	16,042
Interest expense	[2]	60
ETF MANAGERS GROUP COMMODITY TRUST I [Member] \| Sponsors Advisory Services [Member]
Agreements (Textual)
Advisory services management fees percentage				1.45%
Fund expenses annual rate percentage				3.50%
Management fee expense				$ 125,000
BREAKWAVE DRY BULK SHIPPING ETF [Member]
Agreements (Textual)
Advisory services management fees percentage				0.05%
Waiver of commodity trading advisor fees		20,752	25,190	$ 39,184		41,403
Assets under management percentage				0.01%
Payments for fees		0	67,532	$ 0		284,850
Brokerage commissions fees				274,845		76,907
Noninterest expense commission expense		115,803	61,408	274,845		76,907
Trustee fees		617	621	1,877		1,878
Costs and expenses		424,697	214,940	1,082,512		503,104
Management fee expense		6,164	6,215	18,766		18,781
Revised annual sponsor fee		30,823	31,078	93,839		93,918
Admin/accounting/custodian/transfer agent fees		15,930	15,379	48,498		46,475
Wholesale support fees		16,042	8,301	46,437		22,211
Fund expenses		0	67,532	0		284,850
CTA fee		20,752	25,190	$ 39,184		41,403
Distributor, description				BDRY pays the Sponsor an annual fee for wholesale support services of $25,000 plus 0.12% of BDRY's average daily net assets, payable monthly.
Interest expense		60	9	$ 142		9
BREAKWAVE DRY BULK SHIPPING ETF [Member] \| Minimum [Member]
Agreements (Textual)
Accrued professional fees, current		45,000		45,000
Custody fees				$ 4,800
BREAKWAVE DRY BULK SHIPPING ETF [Member] \| Sponsors Advisory Services [Member]
Agreements (Textual)
Advisory services management fees percentage				0.15%
Percentage of brokerage commissions and fees				3.50%
BDRY [Member]
Agreements (Textual)
BDRY incurred		$ 3,873	$ 3,933	$ 11,791		$ 11,887
Brokerage commissions fees				0.40%

[1]	Period from July 1, 2020 to October 30, 2020 - Sit Rising Rate ETF liquidated as of November 18, 2020.
[2]	Sit Rising Rate ETF, which had been a series of the Trust, liquidated as of November 18, 2020.

Creations and Redemptions (Deta

Creations and Redemptions (Details) - USD ($)	3 Months Ended		9 Months Ended
Creations and Redemptions (Details) - USD ($)	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
BREAKWAVE DRY BULK SHIPPING ETF [Member]
Shares Sold, Shares	1,250,000	2,775,000	1,525,000	2,850,000
Shares Redeemed, Shares	(1,725,000)	(50,000)	(4,575,000)	(300,000)
Net Increase (Decrease), Shares	(475,000)	2,725,000	(3,050,000)	2,550,000
Shares Sold, Capital Increase (Decrease)	$ 21,230,015	$ 21,611,870	$ 23,331,316	$ 22,763,000
Shares Redeemed, Capital Increase (Decrease)	(23,034,021)	(695,550)	(45,827,844)	(4,817,327)
Net Increase (Decrease), Capital Increase (Decrease)	$ (1,804,006)	$ 20,916,320	$ (22,496,528)	$ 17,945,673
SIT RISING RATE ETF (PRIOR TO LIQUIDATION) [Member]
Shares Sold, Shares
Shares Redeemed, Shares			(250,040)	(275,000)
Net Increase (Decrease), Shares			(250,040)	(275,000)
Shares Sold, Capital Increase (Decrease)
Shares Redeemed, Capital Increase (Decrease)			(4,998,233)	(6,331,666)
Net Increase (Decrease), Capital Increase (Decrease)			$ (4,998,233)	$ (6,331,666)

Creations and Redemptions (De_2

Creations and Redemptions (Details Textual) - BREAKWAVE DRY BULK SHIPPING ETF [Member] - USD ($)	Mar. 31, 2021	May 18, 2020
Creations and Redemptions (Textual)
Number of shares in one or more baskets	25,000
Authorized participant transaction fee per order	$ 250	$ 500

Net Asset Value and Financial_3

Net Asset Value and Financial Highlights (Details) - $ / shares		3 Months Ended		9 Months Ended
		Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
SIT RISING RATE ETF [Member]
Net Asset Value
Net asset value per Share, beginning of period			$ 22.96		$ 22.7
Net investment income (loss)			0.02		0.14
Net realized and unrealized gain (loss)			(2.45)		(2.31)
Net Income (Loss)			(2.43)		(2.17)
Net Asset Value per Share, end of period			20.53		20.53
Market Value per Share, end of period			$ 20.53		$ 20.53
Ratios to Average Net Assets
Expense Ratio	[1]		1.08%		1.08%
Expense Ratio before Waiver/Assumption	[1]		8.41%		7.09%
Net Investment Income (Loss)	[1],[2]		0.43%		0.86%
Total Return, at Net Asset Value	[3]		(10.58%)		(9.56%)
Total Return, at Market Value	[3]		(10.62%)		(9.68%)
BREAKWAVE DRY BULK SHIPPING ETF [Member]
Net Asset Value
Net asset value per Share, beginning of period		$ 7.93	$ 15.37	$ 7.7	$ 13.25
Net investment income (loss)		(0.16)	(0.11)	(0.31)	(0.34)
Net realized and unrealized gain (loss)		9.04	(8.76)	9.42	(6.41)
Net Income (Loss)		8.88	(8.87)	9.11	(6.75)
Net Asset Value per Share, end of period		16.81	6.5	16.81	6.5
Market Value per Share, end of period		$ 16.92	$ 6.39	$ 16.92	$ 6.39
Ratios to Average Net Assets
Expense Ratio	[1]	4.91%	7.04%	4.52%	6.19%
Expense Ratio before Waiver/Assumption	[1]	5.16%	12.37%	4.69%	17.62%
Net Investment Income (Loss)	[1],[2]	(4.90%)	(6.10%)	(4.52%)	(4.96%)
Total Return, at Net Asset Value	[3]	111.98%	(57.71%)	118.31%	(50.94%)
Total Return, at Market Value	[3]	119.74%	(58.64%)	128.96%	(51.41%)

[1]	For Breakwave Dry Bulk Shipping ETF, Fund expenses have been capped at 3.50% of average daily net assets, plus brokerage commissions, interest expense, and extraordinary expenses, if any. Prior to the liquidation of Sit Rising Rate ETF, Fund expenses had been capped at 1.00% of average daily net assets, plus brokerage commissions, interest expense, and extraordinary expenses.
[2]	Percentages are annualized.
[3]	Percentages are not annualized.

Net Asset Value and Financial_4

Net Asset Value and Financial Highlights (Details Textual)	Mar. 31, 2021
Sit Rising Rate ETF [Member]
Net Asset Value and Financial Highlights (Textual)
Percentage of fund expenses capped	1.00%
Breakwave Dry Bulk Shipping ETF [Member]
Net Asset Value and Financial Highlights (Textual)
Percentage of fund expenses capped	3.50%

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)	Mar. 09, 2018	Mar. 31, 2021	Apr. 01, 2021
Subsequent Events (Details Textual)
Common units	10,000,000
Subsequent Event [Member]
Subsequent Events (Details Textual)
Deferred charge			$ 28,997
Sponsor [Member]
Subsequent Events (Details Textual)
Common units		5,000,000