Company: DEFI
Filing Date: 2025-03-27
Form Type: 424B3
Source: 0001999371-25-003249
Chunk: 221

Company: Tidal Commodities Trust I
Filing Date: 2025-03-27
Form: 424B3
Chunk 221
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 by the SEC that contains reports, proxy and information statements and other information regarding issuers that file electronically with the SEC.

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APPENDIX A

Glossary of Defined Terms</div>

In this prospectus, each of the following terms have the meanings set forth after such term:

Administrator:Tidal ETF Services LLC.

Authorized Purchaser:One that purchases or redeems Creation Baskets or Redemption Baskets, respectively, from or to the Fund.

Benchmark: The Nasdaq Bitcoin Reference Price - Settlement (NQBTCS), which is designed to track the performance of the bitcoin spot market and provide an accurate reference of the average bitcoin spot price at the given period.

Bitcoin Custodian:BitGo Trust Company, Inc.

Bitcoin Futures Contracts:Futures contracts for bitcoin.

Business Day:Any day other than a day when any of NYSE Arca or the CME is closed for regular trading.

Cash Custodian:U.S. Bank, N.A.

CFTC:Commodity Futures Trading Commission, an independent federal agency with the mandate to regulate commodity futures and options in the United States.

Code:Internal Revenue Code of 1986, as amended.

Commodity Pool:An enterprise in which several individuals contribute funds in order to trade futures contracts or options on futures contracts collectively.

Commodity Pool Operator or CPO:Any person engaged in a business which is of the nature of an investment trust, syndicate, or similar enterprise, and who, in connection therewith, solicits, accepts, or receives from others, funds, securities, or property, either directly or through capital contributions, the sale of stock or other forms of securities, or otherwise, for the purpose of trading in any swap or commodity for future delivery or commodity option on or subject to the rules of any contract market.

Creation Basket:A block of 10,000 Shares used by the Fund to issue Shares.

DTC:The Depository Trust Company. DTC will act as the securities depository for the Shares.

DTC Purchaser:An entity that has an account with DTC.

Exchange Act:The Securities Exchange Act of 1934.

Exchange for Physical or EFP:A privately negotiated trade between two parties that allow for the simultaneous transfer of a futures position for an equivalent spot market position, or vice versa. Governed by CME Exchange Rule 538, EFP transactions must be executed at commercially reasonable prices mutually agreed upon by the parties involved. All parties to an EFP are required to prepare and maintain all documents related to both the futures