Company: DEFI
Filing Date: 2025-03-17
Form Type: S-1/A
Source: 0001387131-25-000058
Chunk: 255

Company: Tidal Commodities Trust I
Filing Date: 2025-03-17
Form: S-1/A
Chunk 255
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 deposits, and cash reserves are maintained in cash and cash equivalents and interest is generally
earned on available assets, which include unrealized profits credited to the Fund’s accounts.

Fund Performance

As of the date of
this prospectus, the Fund has not yet commenced trading and does not have any performance history.

<div align='center'>5

PROSPECTUS

7RCC SPOT BITCOIN AND CARBON CREDIT FUTURES ETF</div>

Until [__________,
____] (25 calendar days after the date of this prospectus), all dealers effecting transactions in the Shares, whether or not participating
in this distribution, may be required to deliver a prospectus. This requirement is in addition to the obligations of dealers to
deliver a prospectus when acting as underwriters and with respect to unsold allotments or subscriptions.

<div align='center'>[________, _____]

6

PART II—INFORMATION NOT REQUIRED IN PROSPECTUS

TABLE OF CONTENTS</div>

| Item 13. | Other Expenses of Issuance and Distribution. |

The Trust shall not
bear any expenses incurred in connection with the issuance and distribution of the securities being registered. These expenses
shall be paid by Tidal Investments LLC, the sponsor of the Trust. Except for the Securities and Exchange Commission Registration
Fee and Exchange Listing Fee, all such expenses are estimated:

| SEC registration fee (actual) | $[        ]* |
| Listing fee (actual)          | $[        ]* |
| Auditor’s fees and expenses   | $[        ]* |
| Legal fees and expenses       | $[        ]* |
| Printing expenses             | $[        ]* |
| Miscellaneous expenses        | $[        ]* |
| Total                         | $[        ]* |

* to
be provided by amendment

| Item 14. | Indemnification of Directors and Officers. |

The Trust’s First
Amended and Restated Declaration of Trust and Trust Agreement (the “Trust Agreement”) provides that the Sponsor shall
be indemnified by the Trust(or, by a series of the Trust separately to the extent the matter in question relates to a single series
or disproportionately affects a series in relation to other series) against any losses, judgments, liabilities, expenses and amounts
paid in settlement of any claims sustained by it in connection with its activities for the Trust, provided that (i) the Sponsor
was acting on behalf of or performing services for the Trust and has determined,