Teucrium Commodity Trust’s 7RCC Spot Bitcoin and Carbon Credit Futures ETF moved above the 50,000-share minimum after new creation orders, ending Redemption rejections on that basis. Investors can submit redemption orders again, but the trust says this does not guarantee tighter bid-ask spreads or improved secondary-market liquidity.

Key Highlights

  • The minimum represents five baskets of 10,000 shares each.
  • Redemption requests had been rejected on that basis, as previously reported on August 31.
  • The sponsor may reject future orders for reasons listed in the fund’s prospectus.

CANE is an asset management company. Teucrium Trading, LLC, the trust’s sponsor, is no longer rejecting redemption orders because of the minimum-share condition.

7RCC Fund Moves Above Minimum

The threshold is structured as five baskets, with each basket containing 10,000 shares. The sponsor had been rejecting redemption requests that would have reduced the fund’s outstanding shares below 50,000, as previously reported on August 31. The sponsor can resume rejecting orders if the outstanding share count returns to that level.

Redemption Acceptance Carries No Liquidity Guarantee

The update says accepting redemption orders again does not assure narrower bid-ask spreads. It also does not guarantee an improvement in secondary-market liquidity. Teucrium Trading signed on behalf of the trust on September 24, with Sal Gilbertie identified as Chief Executive Officer.