237 results
10-Q
2024 Q1
Tidal Commodities Trust I
15 May 24
Quarterly report
5:30pm
March 31, 2024 (Unaudited) | December 31, 2023 | |||||||
Assets | ||||||||
Investments (Cost $10,578,023) | $ | 10,837,413 | $ | — | ||||
Cash and cash equivalents | 237,786 | 1,867,663 | ||||||
Interest receivable | 59,811 | 10,297 | ||||||
Equity in trading accounts: | ||||||||
Cryptocurrency futures contracts | 14,259 | 129,519 | ||||||
Due from broker | 233,247 | 582,908 | ||||||
Total equity in trading accounts | 247,506 | 712,427 | ||||||
Total assets | $ | 11,382,516 | $ | 2,590,387 | ||||
Liabilities | ||||||||
Management fee payable to Sponsor | 19,207 | 2,053 | ||||||
Equity in trading accounts: | ||||||||
Cryptocurrency futures contracts | 13,475 | 51,376 | ||||||
Total liabilities | $ | 32,682 | $ | 53,429 | ||||
Net assets | $ | 11,349,834 | $ | 2,536,958 | ||||
Shares authorized | 140,000 | 50,000 | ||||||
Net asset value per share | $ | 81.07 | $ | 50.74 | ||||
Market value per share | $ | 81.50 | $ | 50.73 |
10-Q
2024 Q1
Tidal Commodities Trust I
15 May 24
Quarterly report
5:30pm
Description: Assets | Yield | Fair Value | Percentage of Net Assets | Shares | ||||||||||||||||||
Cash equivalents | ||||||||||||||||||||||
Money market funds | ||||||||||||||||||||||
U.S. Bank Deposit Account (cost $1,867,663) | 5.27 | % | $ | 1,867,663 | 73.62 | % | 1,867,663 | |||||||||||||||
Total Cash Equivalents (cost $1,867,663) | $ | 1,867,663 | 73.62 | % | ||||||||||||||||||
Description: Assets | Fair Value | Percentage of Net Assets | Notional Amount (Long Exposure) | |||||||||||||||||||
Cryptocurrency futures contracts | ||||||||||||||||||||||
United States CME Bitcoin Futures contracts | ||||||||||||||||||||||
CME Bitcoin Futures JAN 24 (6 contracts) | $ | 129,519 | 5.11 | % | $ | 1,274,500 | ||||||||||||||||
Total cryptocurrency futures contracts | $ | 129,519 | 5.11 | % | $ | 1,274,500 | ||||||||||||||||
Description: Liabilities | ||||||||||||||||||||||
Cryptocurrency futures contracts | ||||||||||||||||||||||
United States CME Bitcoin Futures contracts | ||||||||||||||||||||||
CME Bitcoin Futures FEB 24 (6 contracts) | 51,376 | 2.03 | % | $ | 1,288,500 | |||||||||||||||||
Total cryptocurrency futures contracts | $ | 51,376 | 2.03 | % | $ | 1,288,500 |
10-Q
2024 Q1
Tidal Commodities Trust I
15 May 24
Quarterly report
5:30pm
Three Months Ended | Three Months Ended | |||||||
March 31, 2024 | March 31, 2023 | |||||||
Per Share Operation Performance | ||||||||
Net asset value at beginning of period | $ | 50.74 | $ | 21.40 | ||||
Income (loss) from investment operations: | ||||||||
Investment income | 0.62 | 0.27 | ||||||
Net realized and unrealized gain (loss) on cryptocurrency futures contracts | 29.91 | 15.16 | ||||||
Total expenses | (0.20) | (0.07) | ||||||
Net increase (decrease) in net asset value | 30.33 | 15.36 | ||||||
Net asset value at end of period | $ | 81.07 | $ | 36.76 | ||||
Total Return | 59.78 | % | 71.79 | % | ||||
Ratios to Average Net Assets (Annualized) | ||||||||
Total expenses | 1.30 | % | 20.48 | % | ||||
Total expenses, net | 1.30 | % | 0.94 | % | ||||
Net investment income (loss) | 2.67 | % | 2.78 | % |
10-Q
2024 Q1
Tidal Commodities Trust I
15 May 24
Quarterly report
5:30pm
Offsetting of Financial Assets and Derivative Assets as of December 31, 2023
(iv) Gross Amount Not Offset in the Statement of Assets and Liabilities | ||||||||||||||||||
Description | (i) Gross Amount of Recognized Assets | (ii) Gross Amount Offset in the Statement of Assets and Liabilities | (iii) = (i-ii) Net Amount Presented in the Statement of Assets and Liabilities | Futures Contracts Available for Offset | Collateral, Due to Broker | (v) = (iii)-(iv) Net Amount | ||||||||||||
Cryptocurrency Price | ||||||||||||||||||
Bitcoin futures contracts | $ | 129,519 | $ | — | 129,519 | 51,376 | $ | — | 78,143 |
10-Q
2024 Q1
Tidal Commodities Trust I
15 May 24
Quarterly report
5:30pm
Three Months Ended | Three Months Ended | |||||||
March 31, 2024 | March 31, 2023 | |||||||
Per Share Operation Performance | ||||||||
Net asset value at beginning of period | $ | 50.74 | $ | 21.40 | ||||
Income (loss) from investment operations: | ||||||||
Investment income | 0.62 | 0.27 | ||||||
Net realized and unrealized gain (loss) on cryptocurrency futures contracts | 29.91 | 15.16 | ||||||
Total expenses | (0.20) | (0.07) | ||||||
Net increase (decrease) in net asset value | 30.33 | 15.36 | ||||||
Net asset value at end of period | $ | 81.07 | $ | 36.76 | ||||
Total Return | 59.78 | % | 71.79 | % | ||||
Ratios to Average Net Assets (Annualized) | ||||||||
Total expenses | 1.30 | % | 20.48 | % | ||||
Total expenses, net | 1.30 | % | 0.94 | % | ||||
Net investment income (loss) | 2.67 | % | 2.78 | % |
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