Company: DEFI
Filing Date: 2025-03-27
Form Type: 424B3
Source: 0001999371-25-003249
Chunk: 103

Company: Tidal Commodities Trust I
Filing Date: 2025-03-27
Form: 424B3
Chunk 103
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 the Fund is
for changes in the Shares’ NAV to reflect the daily changes of the price of the Benchmark, less expenses from the Fund’s
operations. The Fund expects that the Fund’s assets will be used to invest in bitcoin, Bitcoin Futures Contracts and cash
and cash equivalents, such as short-term Treasury bills, money market funds, and demand deposit accounts. The NYSE Arca rule under
which the Shares will be listed and traded prevents the Fund from utilizing leverage.

The Fund invests in bitcoin and Bitcoin
Futures Contracts without being leveraged or unable to satisfy its current or potential margin or collateral obligations with respect
to its investments. After fulfilling such margin and collateral requirements, the Fund invests the remainder of its proceeds from
the sale of baskets in cash and cash equivalents, including money-market funds, and/or merely holds such assets in cash in interest-bearing
accounts. The Fund seeks to earn interest and other income from the cash equivalents that it purchases, and on the cash, it holds
at financial institutions.

The Fund’s total portfolio composition
is disclosed each business day that NYSE Arca is open for trading on the Fund’s website at https://hashdex-etfs.com/defi.
The website disclosure of portfolio holdings is made daily and includes, as applicable, the security name, market price, CUSIP,
and total weight of each futures contract month reflected as a percentage, and value of bitcoin and each cash and cash equivalents
held in the Fund. The Fund’s website also includes the NAV, the 4:00 p.m. (ET) Bid/Ask Midpoint as reported by NYSE Arca,
the last trade price as reported by NYSE Arca, the Median bid-ask spread for the past 30 days, the Shares outstanding, the Shares
available for issuance. Historical premium/discount information will be updated quarterly and daily as needed. The prospectus,
Monthly Statements of Account, Quarterly Performance of the Midpoint versus the NAV (as required by the CFTC), and the Roll Dates,
as well as Forms 10-Q, Forms 10-K, and other SEC filings for the Fund, are also posted on the website. The Fund’s website
is publicly accessible at no charge.

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The Fund’s investment objective is
to provide investors with a way to gain price exposure to the bitcoin market. The Fund will invest in bitcoin and Bitcoin Futures
Contracts. The Sponsor believes that by investing in bitcoin and Bitcoin Futures Contracts