Company: DEFI
Filing Date: 2025-03-27
Form Type: 424B3
Source: 0001999371-25-003249
Chunk: 104

Company: Tidal Commodities Trust I
Filing Date: 2025-03-27
Form: 424B3
Chunk 104
---
, the Fund’s NAV will closely track
the Benchmark. The Sponsor also believes that because of market arbitrage opportunities, the market price at which investors will
purchase and sell Shares through their broker-dealer will closely track the Fund’s NAV. The Sponsor believes that the net
effect of these relationships is that the Fund’s market price on NYSE Arca at which investors purchase and sell Shares will
closely track the bitcoin market, as measured by the Benchmark.

An investment in the Shares can potentially
provide a means for diversifying an investor’s portfolio or hedging exposure to changes in bitcoin prices. An investment
in the Shares allows both retail and institutional investors to easily gain this exposure to the bitcoin market in a transparent,
cost-effective manner.

The Sponsor employs a “neutral”
investment strategy intended to track changes in the Benchmark regardless of whether the Benchmark goes up or goes down. The Fund’s
“neutral” investment strategy is designed to permit investors generally to purchase and sell the Fund’s Shares
for the purpose of investing indirectly in the bitcoin market. Such investors may include those seeking to hedge the risk of losses
in their bitcoin related transactions as well as investors seeking exposure to the bitcoin market. Accordingly, depending on the
investment objective of an individual investor, the risks generally associated with investing in the bitcoin market and/or the
risks involved in hedging may exist. In addition, the Fund does not expect there to be any meaningful correlation between the performance
of the Fund’s investments in cash and cash equivalents and the changes in the price of bitcoin or Bitcoin Futures Contracts.
While the level of interest earned on, or the market price of, these investments may in some respects correlate to changes in the
price of bitcoin, this correlation is not anticipated as part of the Fund’s efforts to meet its objective. This and certain
risk factors discussed in this prospectus may cause a lack of correlation between changes in the Fund’s NAV and changes in
the price of bitcoin.

The Shares issued by the Fund may be purchased
only by Authorized Purchasers and only in blocks of 10,000 Shares called Creation Baskets. The amount of the purchase payment for
a Creation Basket is equal to the total NAV of Shares in the Creation Basket. Similarly, only Authorized Purchasers may redeem
Shares and only in blocks of 10,000 Shares called Redemption Baskets. The Shares will be sold at the next determined NAV per Share.
The amount of the redemption proceeds for a Redemption Basket is equal to the total NAV of Shares in the