Company: DEFI
Filing Date: 2025-02-21
Form Type: POS AM
Source: 0001839882-25-010345
Chunk: 25

Company: Tidal Commodities Trust I
Filing Date: 2025-02-21
Form: POS AM
Chunk 25
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, dynamic price fluctuation limits and other limitations   
 on the Fund’s investing in bitcoin and Bitcoin Futures Contracts that may be imposed    
 following the Merger.                                                                   |

For additional risks, see “What Are the Risk Factors Involved with an Investment in the Fund?”

Determination of NAV

The Fund’s NAV is determined as of the earlier of the close of trading on NYSE Arca or 4:00 p.m. (ET) on each day that NYSE Arca is open for trading.

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Defined Terms

For a glossary of defined terms, see Appendix A.

Breakeven Analysis

The breakeven analysis set forth below is a hypothetical illustration of the approximate dollar returns and percentage returns for the redemption value of a single Share to equal the amount invested twelve months after the investment is made. For purposes of this breakeven analysis, an initial selling price of $106.00per Share, is assumed. The breakeven analysis is an approximation only and assumes a constant month-end Net Asset Value. In order for a hypothetical investment in Shares to breakeven over the next 12 months, assuming a selling price of 106.00per Share, the investment would have to generate a 0.00% or $0.00 return. The numbers in the chart below have been rounded to the nearest 0.01.

|                                                                                                                                  |     | Per Share |        |   |
|:---------------------------------------------------------------------------------------------------------------------------------|:----|:----------|-------:|:--|
| Assumed initial selling price per Share (1)                                                                                      |     | $         | 106.00 |   |
| Management Fee (0.25%) (2)                                                                                                       |     | $         |   0.27 |   |
| Estimated Brokerage Commissions and Fees (3)                                                                                     |     | $         |   0.00 |   |
| Other Fund Fees and Expenses (4)                                                                                                 |     | $         |   0.00 |   |
| Interest and Other Income (5.00%) (5)                                                                                            |     | $         |  (2.65 | ) |
| Amount of trading income (loss) required for the redemption value at the end of one year to equal the selling price of the Share |     | $         |   0.00 |   |
| Percentage of initial selling price per Share (6)                                                                                |     |           |   0.00 | % |