Teucrium Commodity Trust 8-K

What Happened

• Teucrium Commodity Trust filed an 8‑K reporting that its 7RCC Spot Bitcoin and Carbon Credit Futures ETF (a series of the Trust) entered into a Custodial Services Agreement with BitGo Bank & Trust, N.A. on May 18, 2026, and a Master Purchase Agreement with BitGo Prime, LLC on May 22, 2026.
• Under these agreements, BitGo Bank & Trust will maintain segregated custody accounts for the Fund’s bitcoin holdings, and BitGo Prime will serve as a Bitcoin Trading Counterparty providing access to its electronic trading system.

Key Details

• Custodial Services Agreement effective May 18, 2026; initial term one year, auto‑renewing annually unless either party gives at least 60 days’ notice.
• The Fund is required to indemnify BitGo in certain situations; BitGo must maintain reasonable insurance coverage for custody services.
• Master Purchase Agreement (May 22, 2026) lets the Fund and BitGo Prime buy/sell bitcoin for their own accounts, with delivery deemed complete when bitcoin are credited to the Fund’s wallet.
• BitGo Prime’s liability under the trading agreement is limited (except for gross negligence, fraud or willful misconduct); the agreement is governed by New York law. The Sponsor (Teucrium Trading, LLC) may allocate Fund bitcoin among custodians.

Why It Matters

• These agreements establish how the ETF’s bitcoin will be held and traded, addressing operational and custody arrangements that are central to the Fund’s ability to hold and transact bitcoin.
• For investors, the agreements affect custody security, insurance coverage, counterparty access to trading, and potential legal and indemnity exposure—important factors in assessing operational risk for a bitcoin ETF.