Company: DEFI
Filing Date: 2025-03-27
Form Type: 424B3
Source: 0001999371-25-003249
Chunk: 22

Company: Tidal Commodities Trust I
Filing Date: 2025-03-27
Form: 424B3
Chunk 22
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| ● | War                                                                                    
 and other geopolitical events may cause volatility in bitcoin prices. These events are 
 unpredictable and may lead to extended periods of price volatility.                    |

| ● | The                                                                                      
 Fund currently has two futures commission merchants (“FCMs”) through which               
 it buys and sells futures contracts. Volatility in the bitcoin futures market may lead   
 one or both of the Fund’s FCMs to impose risk mitigation procedures that could           
 limit the Fund’s investment in Bitcoin Futures Contracts beyond the accountability       
 and position limits imposed by the CME futures contract exchange as discussed herein.    
 An FCM could impose a financial ceiling on initial margin that could change and become   
 more or less restrictive on the Fund’s activities depending upon a variety of conditions 
 beyond the Sponsor’s control. If the Fund’s other current FCM were to impose             
 position limits, or if any other FCM with which the Fund establishes a relationship in   
 the future were to impose position limits, the Fund’s ability to meet its investment     
 objective could be negatively impacted. The Fund continues to monitor and manage its     
 existing relationships with its FCMs and will continue to seek additional relationships  
 with FCMs as needed.                                                                     |

| ● | The                                                                                         
 occurrence of a severe weather event, natural disaster, terrorist attack, geopolitical      
 event, outbreak or public health emergency as declared by the World Health Organization,    
 the continuation or expansion of war or other hostilities, or a prolonged government        
 shutdown may have significant adverse effects on the Fund and its investments and alter     
 current assumptions and expectations. For example, in late February 2022, Russia invaded    
 Ukraine, significantly amplifying already existing geopolitical tensions among Russia       
 and other countries in the region and in the West. The responses of countries and political 
 bodies to Russia’s actions, the larger overarching tensions, and Ukraine’s                  
 military response and the potential for wider conflict may increase financial market        
 volatility generally, have severe adverse effects on regional and global economic markets,  
 and cause volatility in the price of bitcoin, bitcoin futures and the Share price of        
 the Fund.                                                                                   |

| ● | The                                                                                      
 ability of Authorized Purchasers to create or redeem Shares may be suspended for several 
 reasons, including but not limited to the Fund voluntarily imposing such restrictions.   
 A suspension in the ability of Authorized Purchasers to create or redeem Shares would    
 have no impact on the Fund’s investment objective – the Fund would continue              
 to seek to track its Benchmark. However, with respect