Company: DEFI
Filing Date: 2025-03-25
Form Type: POS AM
Source: 0001999371-25-003118
Chunk: 29

Company: Tidal Commodities Trust I
Filing Date: 2025-03-25
Form: POS AM
Chunk 29
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 consist of bitcoin. Such investments are held by BitGo Trust Company, Inc. (the “Bitcoin Custodian”)            
 on behalf of the Fund. The Bitcoin Custodian will keep custody of all of the Fund’s bitcoin in a multi-layer, multi-party     
 cold storage or similarly secure technology. The Bitcoin Custodian is responsible for safekeeping passwords, keys or phrases  
 that allow transfers of digital assets (“Security Factors”) safe, secure and confidential. 100% of the private                
 keys will be held in cold storage. The Bitcoin Custodian will establish the Bitcoin Accounts on the Bitcoin Network solely    
 for the Fund. The Bitcoin Custodian will follow valid instructions given by the Sponsor to use the Fund’s Security Factors    
 to effect transfers to and from the Bitcoin Accounts. The Fund’s bitcoin will be held in segregated wallets and will          
 not be commingled with the assets of other customers. The Bitcoin Custodian has an insurance policy that covers, at least     
 partially, risks such as the loss of client assets held in cold storage, including from employee collusion or fraud, physical 
 loss including theft, damage of key material, security breach or hack, and fraudulent transfer.                               |

<div align='center'>18

WHAT ARE THE RISK FACTORS INVOLVED WITH AN INVESTMENT IN THE FUND?</div>

You should consider carefully the risks described below before making an investment decision. You should also refer to the other information included in this prospectus, and the Fund’s and the Trust’s financial statements and the related notes incorporated by reference herein. See “Incorporation by Reference of Certain Information.”

Risks Related to Bitcoin and the Bitcoin Network

Bitcoin is a relatively new technological innovation with a limited operating history.

Bitcoin has a relatively limited history of existence and operations compared to traditional commodities. There is a limited established performance record for the price of bitcoin and, in turn, a limited basis for evaluating an investment in bitcoin. Although past performance is not necessarily indicative of future results, if bitcoin had a more established history, such history might (or might not) provide investors with more information on which to evaluate an investment in the Fund.

The price of bitcoin on the bitcoin market has exhibited periods of extreme volatility, which could have a negative impact on the performance of the Fund.

The price of bitcoin as determined by the bitcoin market has experienced periods of extreme volatility and may be influenced by, among other things, trading activity and the closing of bitcoin trading platforms due to fraud, failure, security breaches or otherwise. Speculators and investors who seek