Investment Strategy - Hedgeye Hedged Bitcoin ETF	Aug. 24, 2026
Prospectus [Line Items]
Strategy [Heading]	Principal Investment Strategies
Strategy Narrative [Text Block]	The Fund is an actively managed exchange-traded fund (“ETF”) that seeks long-term capital appreciation through participation in the price return of Bitcoin (“BTC” or “Bitcoin”) (the “Reference Asset”), through investments that provide exposure to Bitcoin or have economic characteristics similar to Bitcoin. The Fund will gain its exposure to the Reference Asset primarily through ETFs and exchange-traded products (“ETPs”) that directly hold the Reference Asset while seeking to reduce volatility and manage downside risk through the use of options. Additionally, to the extent possible, the Adviser seeks to minimize shareholders’ tax liability in connection with the Fund’s distribution of realized capital gain by minimizing the net gains available for distribution. The Fund will invest in shares of ETFs and ETPs that provide exposure to, replicate the performance of, or have trading and/or price performance characteristics similar to the Reference Asset, including the iShares® Bitcoin Trust ETF (NASDAQ: IBIT), and other U.S.-listed spot Bitcoin ETFs and ETPs (each a "Reference ETP"). Under normal market conditions, the Fund will invest at least 80% of its net assets (plus borrowings for investment purposes) in investments that provide exposure to Bitcoin or have economic characteristics similar to Bitcoin. The Fund does not invest directly in Bitcoin. The Fund seeks to reduce volatility and manage downside risk through an options strategy that involves the purchase and/or sale of put and call options based on Hedgeye Risk Management, LLC’s (“Hedgeye” or “HRM”) Risk Range™ Signals. Hedgeye’s Risk Range™ Signals are proprietary signals developed by Hedgeye suggesting market entry and exit points for investable assets. The Fund will utilize options on shares of Reference ETPs and/or on indexes or ETPs and ETFs that provide exposure to Bitcoin price movements. The Fund’s options strategy is designed to reduce volatility and manage downside risk while maintaining exposure to the performance of Bitcoin through investments in ETPs and ETFs. The Fund’s option positions are designed to provide downside protection, while frequently foregoing some upside potential. The Fund's downside protection through the use of options is limited and will not protect against all downside movements in the price of the Reference Asset. The premiums received from writing options are intended to provide income to offset the cost of buying options. The Fund may purchase and write both standardized exchange-traded options and FLexible EXchange® Options (“FLEX Options”). Exchange-traded options have standardized terms, such as the type (call or put), the Reference Asset, the strike price and expiration date. Exchange-traded options contracts are guaranteed for settlement by the Options Clearing Corporation (“OCC”). FLEX Options are a type of exchange-listed options contract with uniquely customizable terms that allow investors to customize key terms like type, strike price and expiration date that are standardized in a typical options contract. FLEX Options are also guaranteed for settlement by the OCC. The Fund’s options positions may vary based on market conditions, implied volatility, Bitcoin price trends, liquidity conditions, and other market factors as determined by the Adviser. The Fund’s strategy will limit, potentially significantly in some cases, the upside participation to a degree during periods when Bitcoin experiences significant price appreciation because of the options positions. The Fund does not seek to maintain options at particular strike prices. The strike prices at which such options are purchased and written will primarily be dependent on Hedgeye’s Risk Range™ Signals. Additionally, to the extent that the Reference Asset lost value on a given day, such loss will be offset to some degree by the options positions. However, the options positions may not offset all losses. The Adviser does not manage the Fund against a specified percentage of losses or stated cap on gains, rather the Fund deploys a dynamic hedging strategy dependent on Hedgeye’s Risk Range™ Signals. The Risk Range™ Signals are based on a proprietary formula that considers specific factors (price, volume and volatility) developed by the parent company of the Adviser and licensed to the Adviser. The Fund may invest in options with varying expiration dates and strike prices and may actively manage and adjust its options positions on a daily, weekly, or monthly basis. The Fund may write options that are “out-of-the-money,” “at-the-money,” or “in-the-money,” depending on market conditions and the Adviser’s assessment of risk and return opportunities. The Fund may invest up to 20% of its net assets in investments that are not directly linked to the performance of Bitcoin or the Reference Asset in order to support the Fund’s operations, manage liquidity, provide collateral for derivatives and options positions, or enhance income. These investments may include U.S. Treasury securities, money market instruments, short-term fixed income securities, repurchase agreements, cash and cash equivalents, derivatives such as swaps, futures, and forwards, other investment companies including ETFs, and other instruments that the Adviser believes will assist the Fund in implementing its investment strategy. The Adviser uses an active investment management approach and has discretion to adjust the Fund’s exposure to Bitcoin, options positions, and hedging strategies based on market volatility, liquidity, implied volatility levels, Bitcoin market structure, regulatory developments, and other market conditions. The Fund will not invest directly in the Reference Asset or any other digital assets; however, the Reference ETPs only hold bitcoin. The Fund’s investment strategy is not intended to track the performance of Bitcoin and the Fund’s performance will differ from that of Bitcoin. The performance differences will depend on, among other things, Bitcoin’s value, the value of the Reference ETPs, changes in the value of the Fund's options positions, and changes in the value of the U.S. Treasuries and money market instruments held by the Fund. The Fund will primarily invest in and utilize options on the iShares® Bitcoin Trust ETF (NASDAQ: IBIT) ("IBIT"), which is not an investment company registered under the 1940 Act, and therefore is not subject to the same regulatory requirements as mutual funds or ETFs registered under the 1940 Act. Neither the Fund nor the Adviser is affiliated with IBIT or any other Reference ETP. IBIT is registered under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Information provided to or filed with the SEC by IBIT pursuant to the Exchange Act can be located by reference to the SEC file number 001-41914 through the SEC’s website at www.sec.gov. In addition, information regarding IBIT may be obtained from other sources including, but not limited to, press releases, newspaper articles and other publicly disseminated documents. The Fund has derived all disclosures contained in this document regarding IBIT from the publicly available documents described above. Neither the Fund, the Trust, the Adviser nor any affiliate has participated in the preparation of such documents. Neither the Fund, the Trust, the Adviser nor any affiliate makes any representation that such publicly available documents or any other publicly available information regarding IBIT is accurate or complete. Furthermore, the Fund cannot give any assurance that all events occurring prior to the date of the prospectus (including events that would affect the accuracy or completeness of the publicly available documents described above) that would affect the trading price of IBIT have been publicly disclosed. Subsequent disclosure of any such events or the disclosure of, or failure to disclose, material future events concerning IBIT could affect the value of the Fund’s investments with respect to IBIT and therefore the value of the Fund. The Fund is classified as “non-diversified” under the Investment Company Act of 1940, as amended (the “1940 Act”). There is no guarantee that the Fund’s investment strategy will be properly implemented, and an investor may lose some or all of its investment. The Fund will be concentrated (i.e., have 25% or more of its total assets invested) in the industry or group of industries assigned to bitcoin and the Reference ETPs. Bitcoin History BTC is a digital asset. The ownership and operation of BTC is determined by participants in an online, peer-to-peer network referred to as the “Bitcoin Network.” The Bitcoin Network is a relatively recent technological innovation, and the BTC that are created, transferred, used, and stored by entities and individuals have certain features associated with several types of assets, most notably commodities and currencies. The price of BTC on public digital asset exchanges and over-the-counter markets has a limited history. BTC prices on these exchanges and over-the-counter markets have been highly volatile and subject to influence by many factors, including supply and demand, market sentiment, adoption trends, macroeconomic conditions, and operational interruptions in the digital asset ecosystem. The value of BTC is not backed by any government, corporation, or other centralized authority. Instead, its value is determined in part by supply and demand dynamics in markets created to facilitate the trading of BTC. Ownership and transaction records for BTC are secured through public-key cryptography. The total supply of BTC is limited to 21 million coins, as established by the Bitcoin Protocol. No single entity owns or operates the Bitcoin Network. The Bitcoin Network is collectively maintained by (1) a decentralized group of participants known as “miners,” who run specialized computer hardware to validate transactions and secure the network, (2) developers who propose improvements to the Bitcoin Protocol and the software that enforces it, and (3) users who choose which version of the Bitcoin software to run. From time to time, developers suggest modifications to the Bitcoin software. If a sufficient number of miners and users elect not to adopt the proposed changes, a new digital asset, operating under an alternative version of the Bitcoin software, may be created. This event is referred to as a “fork.” The price of the BTC in which the Fund invests may reflect the impact of such forks or the market’s perception of potential forks. The Bitcoin Network utilizes a proof-of-work consensus mechanism to validate transactions and record them on a public ledger known as the “blockchain.” In proof-of-work, miners expend computational resources to compete to add new blocks of transactions to the blockchain. Miners are rewarded with newly created BTC and transaction fees for successfully validating blocks. The rate at which new BTC are created through this process is reduced approximately every four years in an event known as the “halving,” which historically has affected the supply and market price of BTC.
Rule 35d-1 Eighty Percent Investment Policy [Text Block]	Under normal market conditions, the Fund will invest at least 80% of its net assets (plus borrowings for investment purposes) in investments that provide exposure to Bitcoin or have economic characteristics similar to Bitcoin. The Fund does not invest directly in Bitcoin.
Strategy Portfolio Concentration [Text]	The Fund will be concentrated (i.e., have 25% or more of its total assets invested) in the industry or group of industries assigned to bitcoin and the Reference ETPs.

The Fund is an actively managed exchange-traded fund (“ETF”) that seeks long-term capital appreciation through participation in the price return of Bitcoin (“BTC” or “Bitcoin”) (the “Reference Asset”), through investments that provide exposure to Bitcoin or have economic characteristics similar to Bitcoin. The Fund will gain its exposure to the Reference Asset primarily through ETFs and exchange-traded products (“ETPs”) that directly hold the Reference Asset while seeking to reduce volatility and manage downside risk through the use of options. Additionally, to the extent possible, the Adviser seeks to minimize shareholders’ tax liability in connection with the Fund’s distribution of realized capital gain by

minimizing the net gains available for distribution. The Fund will invest in shares of ETFs and ETPs that provide exposure to, replicate the performance of, or have trading and/or price performance characteristics similar to the Reference Asset, including the iShares® Bitcoin Trust ETF (NASDAQ: IBIT), and other U.S.-listed spot Bitcoin ETFs and ETPs (each a "Reference ETP").

Under normal market conditions, the Fund will invest at least 80% of its net assets (plus borrowings for investment purposes) in investments that provide exposure to Bitcoin or have economic characteristics similar to Bitcoin. The Fund does not invest directly in Bitcoin.

The Fund seeks to reduce volatility and manage downside risk through an options strategy that involves the purchase and/or sale of put and call options based on Hedgeye Risk Management, LLC’s (“Hedgeye” or “HRM”) Risk Range™ Signals. Hedgeye’s Risk Range™ Signals are proprietary signals developed by Hedgeye suggesting market entry and exit points for investable assets. The Fund will utilize options on shares of Reference ETPs and/or on indexes or ETPs and ETFs that provide exposure to Bitcoin price movements. The Fund’s options strategy is designed to reduce volatility and manage downside risk while maintaining exposure to the performance of Bitcoin through investments in ETPs and ETFs.

The Fund’s option positions are designed to provide downside protection, while frequently foregoing some upside potential. The Fund's downside protection through the use of options is limited and will not protect against all downside movements in the price of the Reference Asset. The premiums received from writing options are intended to provide income to offset the cost of buying options. The Fund may purchase and write both standardized exchange-traded options and FLexible EXchange® Options (“FLEX Options”). Exchange-traded options have standardized terms, such as the type (call or put), the Reference Asset, the strike price and expiration date. Exchange-traded options contracts are guaranteed for settlement by the Options Clearing Corporation (“OCC”). FLEX Options are a type of exchange-listed options contract with uniquely customizable terms that allow investors to customize key terms like type, strike price and expiration date that are standardized in a typical options contract. FLEX Options are also guaranteed for settlement by the OCC.

The Fund’s strategy will limit, potentially significantly in some cases, the upside participation to a degree during periods when Bitcoin experiences significant price appreciation because of the options positions. The Fund does not seek to maintain options at particular strike prices. The strike prices at which such options are purchased and written will primarily be dependent on Hedgeye’s Risk Range™ Signals. Additionally, to the extent that the Reference Asset lost value on a given day, such loss will be offset to some degree by the options positions. However, the options positions may not offset all losses. The Adviser does not manage the Fund against a specified percentage of losses or stated cap on gains, rather the Fund deploys a dynamic hedging strategy dependent on Hedgeye’s Risk Range™ Signals. The Risk Range™ Signals are based on a proprietary formula that considers specific factors (price, volume and volatility) developed by the parent company of the Adviser and licensed to the Adviser.

The Fund may invest in options with varying expiration dates and strike prices and may actively manage and adjust its options positions on a daily, weekly, or monthly basis. The Fund may write options that are “out-of-the-money,” “at-the-money,” or “in-the-money,” depending on market conditions and the Adviser’s assessment of risk and return opportunities.

The Fund may invest up to 20% of its net assets in investments that are not directly linked to the performance of Bitcoin or the Reference Asset in order to support the Fund’s operations, manage liquidity, provide collateral for derivatives and options positions, or enhance income. These investments may include U.S. Treasury securities, money market instruments, short-term fixed income securities, repurchase agreements, cash and cash equivalents, derivatives such as swaps, futures, and forwards, other investment companies including ETFs, and other instruments that the Adviser believes will assist the Fund in implementing its investment strategy.

The Adviser uses an active investment management approach and has discretion to adjust the Fund’s exposure to Bitcoin, options positions, and hedging strategies based on market volatility, liquidity, implied volatility levels, Bitcoin market structure, regulatory developments, and other market conditions.

The Fund’s investment strategy is not intended to track the performance of Bitcoin and the Fund’s performance will differ from that of Bitcoin. The performance differences will depend on, among other things, Bitcoin’s value, the value of the Reference ETPs, changes in the value of the Fund's options positions, and changes in the value of the U.S. Treasuries and money market instruments held by the Fund.

The Fund will primarily invest in and utilize options on the iShares® Bitcoin Trust ETF (NASDAQ: IBIT) ("IBIT"), which is not an investment company registered under the 1940 Act, and therefore is not subject to the same regulatory requirements as mutual funds or ETFs registered under the 1940 Act. Neither the Fund nor the Adviser is affiliated with IBIT or any other Reference ETP.

IBIT is registered under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Information provided to or filed with the SEC by IBIT pursuant to the Exchange Act can be located by reference to the SEC file number 001-41914 through the SEC’s website at www.sec.gov. In addition, information regarding IBIT may be obtained from other sources including, but not limited to, press releases, newspaper articles and other publicly disseminated documents.

The Fund has derived all disclosures contained in this document regarding IBIT from the publicly available documents described above. Neither the Fund, the Trust, the Adviser nor any affiliate has participated in the preparation of such documents. Neither the Fund, the Trust, the Adviser nor any affiliate makes any representation that such publicly available documents or any other publicly available information regarding IBIT is accurate or complete. Furthermore, the Fund cannot give any assurance that all events occurring prior to the date of the prospectus (including events that would affect the accuracy or completeness of the publicly available documents described above) that would affect the trading price of IBIT have been publicly disclosed. Subsequent disclosure of any such events or the disclosure of, or failure to disclose, material future events concerning IBIT could affect the value of the Fund’s investments with respect to IBIT and therefore the value of the Fund.

The Fund is classified as “non-diversified” under the Investment Company Act of 1940, as amended (the “1940 Act”). There is no guarantee that the Fund’s investment strategy will be properly implemented, and an investor may lose some or all of its investment. The Fund will be concentrated (i.e., have 25% or more of its total assets invested) in the industry or group of industries assigned to bitcoin and the Reference ETPs.

BTC is a digital asset. The ownership and operation of BTC is determined by participants in an online, peer-to-peer network referred to as the “Bitcoin Network.” The Bitcoin Network is a relatively recent technological innovation, and the BTC that are created, transferred, used, and stored by entities and individuals have certain features associated with several types of assets, most notably commodities and currencies. The price of BTC on public digital asset exchanges and over-the-counter markets has a limited history. BTC prices on these exchanges and over-the-counter markets have been highly volatile and subject to influence by many factors, including supply and demand, market sentiment, adoption trends, macroeconomic conditions, and operational interruptions in the digital asset ecosystem.

The value of BTC is not backed by any government, corporation, or other centralized authority. Instead, its value is determined in part by supply and demand dynamics in markets created to facilitate the trading of BTC. Ownership and transaction records for BTC are secured through public-key cryptography. The total supply of BTC is limited to 21 million coins, as established by the Bitcoin Protocol. No single entity owns or operates the Bitcoin Network. The Bitcoin Network is collectively maintained by (1) a decentralized group of participants known as “miners,” who run specialized computer hardware to validate transactions and secure the network, (2) developers who propose improvements to the Bitcoin Protocol and the software that enforces it, and (3) users who choose which version of the Bitcoin software to run.

From time to time, developers suggest modifications to the Bitcoin software. If a sufficient number of miners and users elect not to adopt the proposed changes, a new digital asset, operating under an alternative version of the Bitcoin

The Bitcoin Network utilizes a proof-of-work consensus mechanism to validate transactions and record them on a public ledger known as the “blockchain.” In proof-of-work, miners expend computational resources to compete to add new blocks of transactions to the blockchain. Miners are rewarded with newly created BTC and transaction fees for successfully validating blocks. The rate at which new BTC are created through this process is reduced approximately every four years in an event known as the “halving,” which historically has affected the supply and market price of BTC.