Company: DEFI
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001999371-25-011381
Chunk: 26

Company: Tidal Commodities Trust I
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 8
Chunk 26
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 Asset Value per share 
    $121.88  
    $68.43  
    $106.00 

    Closing
    Price 
    $121.74  
    $68.70  
    $106.21 

Total
net assets for the Fund increased year over year by 133.57%, driven by an increase in the NAV per share of $53.45 or 178.11%.
The change in total net assets year over year was generally due to the Bitcoin price appreciation from $59,874.22 per Bitcoin
as of June 30, 2024, to $107,676.94 per Bitcoin as of June 30, 2025, representing an approximate 179.83% increase during the period
July 1, 2024 to June 30, 2025.

For
the three months ended June 30, 2025, compared to the three months ended June 30, 2024

    Quarter
    Ended   June 30, 2024  
    Quarter
                                         Ended
                                               June
                                         30, 2025 

    Average
    daily total net assets 
    $14,625,094  
    $11,935,466 

    Net
    realized and unrealized gain (loss) on futures contracts and investments 
    $3,994,435  
    $(98,305)

    Interest
    income earned on cash equivalents 
    $322  
    $4,720 

    Annualized
    interest yield based on average daily total net assets 
     0.01% 
     0.16%

    Net
    Income (Loss) 
    $(8,520) 
    $(2,022,552)

    Weighted
    average share outstanding 
     127,912  
     158,791 

    Management
    Fees 
    $8,794  
    $42,381 

    Total
    gross fees and other expenses excluding management fees 
    $48  
    $— 

    Brokerage
    Commissions 
    $148  
    $5,781 

    Total
    gross expense ratio 
     0.25% 
     0.90%

    Net
    investment gain (loss) 
     (0.24)% 
     (15.59)%

    Creation
    of Shares