Company: DEFI
Filing Date: 2025-11-04
Form Type: POS AM
Source: 0001999371-25-016766
Chunk: 12

Company: Tidal Commodities Trust I
Filing Date: 2025-11-04
Form: POS AM
Chunk 12
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 class subject to both developmental 
 and regulatory uncertainty. Future U.S. or foreign regulatory changes may alter the nature    
 of an investment in the Fund, or the ability of the Fund to continue to implement its         
 investment strategy.                                                                          |

| ● | Failures                                                                                  
 or breaches of the electronic systems of the Fund, the Sponsor, or third parties or other 
 events such as the recent COVID-19 pandemic have the ability to cause disruptions and     
 negatively impact the Fund’s business operations, potentially resulting in financial      
 losses to the Fund and its Shareholders.                                                  |

| ● | War                                                                                    
 and other geopolitical events may cause volatility in bitcoin prices. These events are 
 unpredictable and may lead to extended periods of price volatility.                    |

| ● | The                                                                                         
 occurrence of a severe weather event, natural disaster, terrorist attack, geopolitical      
 event, outbreak or public health emergency as declared by the World Health Organization,    
 the continuation or expansion of war or other hostilities, or a prolonged government        
 shutdown may have significant adverse effects on the Fund and its investments and alter     
 current assumptions and expectations. For example, in late February 2022, Russia invaded    
 Ukraine, significantly amplifying already existing geopolitical tensions among Russia       
 and other countries in the region and in the West. The responses of countries and political 
 bodies to Russia’s actions, the larger overarching tensions, and Ukraine’s                  
 military response and the potential for wider conflict may increase financial market        
 volatility generally, have severe adverse effects on regional and global economic markets,  
 and cause volatility in the price of bitcoin and the Share price of the Fund.               |

| ● | The                                                                                      
 ability of Authorized Purchasers to create or redeem Shares may be suspended for several 
 reasons, including but not limited to the Fund voluntarily imposing such restrictions.   
 A suspension in the ability of Authorized Purchasers to create or redeem Shares would    
 have no impact on the Fund’s investment objective – the Fund would continue              
 to seek to track its Benchmark. However, with respect to the impact of a suspension on   
 the price of Fund Shares in the secondary market, investors may have to pay a higher     
 price to buy Shares and receive a lower price when they sell their Shares. This “spread” 
 may continue to widen the longer the suspension lasts.                                   |

| ● | Market                                                                                      
 fraud and/or manipulation and other fraudulent trading practices such as the intentional    
 dissemination of false or misleading information (e.g., false rumors) can, among other      
 things, lead to a disruption of the orderly functioning of bitcoin