Company: DEFI
Filing Date: 2025-02-21
Form Type: POS AM
Source: 0001839882-25-010345
Chunk: 107

Company: Tidal Commodities Trust I
Filing Date: 2025-02-21
Form: POS AM
Chunk 107
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 sell the Fund’s Shares
for the purpose of investing indirectly in the bitcoin market. Such investors may include those seeking to hedge the risk of losses
in their bitcoin related transactions as well as investors seeking exposure to the bitcoin market. Accordingly, depending on the
investment objective of an individual investor, the risks generally associated with investing in the bitcoin market and/or the
risks involved in hedging may exist. In addition, the Fund does not expect there to be any meaningful correlation between the performance
of the Fund’s investments in cash and cash equivalents and the changes in the price of bitcoin or Bitcoin Futures Contracts.
While the level of interest earned on, or the market price of, these investments may in some respects correlate to changes in the
price of bitcoin, this correlation is not anticipated as part of the Fund’s efforts to meet its objective. This and certain
risk factors discussed in this prospectus may cause a lack of correlation between changes in the Fund’s NAV and changes in
the price of bitcoin.

The Shares issued by the Fund may be purchased
only by Authorized Purchasers and only in blocks of 10,000 Shares called Creation Baskets. The amount of the purchase payment for
a Creation Basket is equal to the total NAV of Shares in the Creation Basket. Similarly, only Authorized Purchasers may redeem
Shares and only in blocks of 10,000 Shares called Redemption Baskets. The Shares will be sold at the next determined NAV per Share.
The amount of the redemption proceeds for a Redemption Basket is equal to the total NAV of Shares in the Redemption Basket. The
purchase price for Creation Baskets and the redemption price for Redemption Baskets are the actual NAV calculated at the end of
the business day when a request for a purchase or redemption is received by the Fund. The NYSE Arca publishes an approximate NAV
intra-day based on the prior day’s NAV and the current price of bitcoin and Bitcoin Futures Contracts, but the price of Creation
Baskets and Redemption Baskets is determined based on the actual NAV calculated at the end of each trading day.

While the Fund issues Shares only in Creation
Baskets, Shares may also be purchased and sold in much smaller increments on NYSE Arca. These transactions, however, are effected
at the bid and ask prices established by the specialist firm(s). Like any listed security, Shares can be purchased and sold at
any time a secondary market is open.

The Fund’s Investment Strategy

The Fund seeks to achieve its investment
objective by primarily investing in bitcoin.