Company: DEFI
Filing Date: 2025-03-27
Form Type: 424B3
Source: 0001999371-25-003249
Chunk: 222

Company: Tidal Commodities Trust I
Filing Date: 2025-03-27
Form: 424B3
Chunk 222
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 and the corresponding physical bitcoin position, in accordance with CFTC Regulation 1.35. CME has the authority to obtain records related to EFRP transactions and has a surveillance program in place to appropriately monitor and enforce compliance with its Market Regulation to prevent fraud and manipulation.

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Exchange for Related Position or EFRP:A privately negotiated and simultaneous exchange of a futures contract position is exchanged for cash or physical, swap, over the counter instrument or other financial instrument such as the creation or redemption of shares in a fund.

FINRA:Financial Industry Regulatory Authority.

Futures Contract:An exchange-traded contract traded with standard terms that calls for the delivery of a specified quantity of a cryptocurrency at a specified price, on a specified date and at a specified location. Typically, a futures contract is traded out or rolled on an exchange before delivery or receipt of the underlying cryptocurrency is required.

Indirect Purchasers:Banks, brokers, dealers and trust companies that clear through or maintain a custodial relationship with a DTC purchaser, either directly or indirectly.

Limited Liability Company (LLC):A type of business ownership combining several features of corporation and partnership structures.

Margin:The amount of equity required for an investment in futures contracts.

Marketing Agent:Foreside Fund Services, LLC, a wholly-owned subsidiary of Foreside Financial Group, LLC (d/b/a ACA Group)

NAV:Net Asset Value of the Fund.

NFA:National Futures Association.

NSCC:National Securities Clearing Corporation.

1933 Act:The Securities Act of 1933.

Redemption Basket:A block of 10,000 Shares used by the Fund to redeem Shares.

SEC:Securities and Exchange Commission.

Secondary Market:The stock exchanges and the over the counter market. Securities are first issued as a primary offering to the public. When the securities are traded from that first holder to another, the issued securities trade in these secondary markets.

Shareholders:Holders of Shares.

Shares:Common units representing fractional undivided beneficial interests in the Fund.

Sponsor:Tidal Investments LLC, a Delaware limited liability company, which is registered as a Commodity Pool Operator, who controls the investments and other decisions of the Fund.

Spot Contract:A cash market transaction in which the buyer and seller agree to the immediate purchase and sale of a cryptocurrency, usually with a two-day settlement.

Swap Agreement:An over the counter derivative that generally involves an exchange of a stream of payments between the contracting parties based on a notional amount and a specified index.

Tracking Error:Poss