Company: DEFI
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001999371-25-011381
Chunk: 15

Company: Tidal Commodities Trust I
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 8
Chunk 15
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 Net
    asset value at end of period 
    $121.88  
    $68.43  
    $121.88  
    $68.43 

    Total
    Return 
     30.19% 
     (15.59)% 
     14.98% 
     34.87%

    Ratios
    to Average Net Assets (Annualized) 

    Total
    expenses 
     0.25% 
     0.90% 
     0.41% 
     1.14%

    Total
    expenses, net 
     0.25% 
     0.90% 
     0.41% 
     1.14%

    Net
    investment income (loss) 
     (0.24)% 
     -0.74% 
     -0.40% 
     1.31%

*Reflects
                                         the operations of the Hashdex Bitcoin Futures ETF, which was a series of Teucrium Commodity
                                         Trust until January 3, 2024. Please see Note 5 for more information.

Note
5 – Merger with Hashdex Bitcoin Futures ETF

As
reported by the Tidal Commodities Trust I on a Form 8-K filed with the Securities and Exchange Commission on January 3, 2024 (File
No. 001-41900), the Fund completed the successful acquisition by merger (the “Merger”) of the Hashdex Bitcoin Futures
ETF, a series of the Teucrium Commodity Trust (the “Acquired Fund”).

Under
the terms of the Merger, each shareholder of the Acquired Fund received one share of the Fund for every one share of the Acquired
Fund held on January 3, 2024 based on the net asset value per share of the Fund being equal to the net asset value per share of
the Acquired Fund determined immediately prior to the Merger closing. The share price used for the delivery of shares of the Acquired
Fund was the net asset value per share of the Acquired Fund determined after the close of business of NYSE Arca on January 2,
2024. Consequently, the Merger resulted in a one-for-one exchange of shares between the Acquired Fund and the Fund. Upon the Merger
closing, the Fund acquired all the assets of the Acquired Fund and assumed all the liabilities of the Acquired