Company: DEFI
Filing Date: 2025-03-17
Form Type: S-1/A
Source: 0001387131-25-000058
Chunk: 32

Company: Tidal Commodities Trust I
Filing Date: 2025-03-17
Form: S-1/A
Chunk 32
---
 digital asset         
 networks, such as the Bitcoin Network, and exchanges or businesses that facilitate transactions 
 in bitcoin may be at an increased risk of having banking services cut off if there is           
 a concern that these features interfere with the performance of anti-money laundering           
 duties and economic sanctions checks.                                                           |

| ● | Users,                                                                                     
 developers and miners may otherwise switch to or adopt certain digital assets at the       
 expense of their engagement with other digital asset networks, which may negatively impact 
 those networks, including the Bitcoin Network.                                             |

The value of the Shares is subject to a number of factors relating to the fundamental investment characteristics of bitcoin as a digital asset, including the fact that digital assets are bearer instruments and loss, theft, or compromise of the associated private keys could result in permanent loss of the asset, and the capabilities and development of blockchain technologies such as the Bitcoin Blockchain.

Digital assets such as bitcoin were only introduced within the past 15 years, and the value of the Shares is subject to a number of factors over time relating to the capabilities and development of blockchain technologies, such as the recentness of their development, their dependence on the internet and other technologies, their dependence on the roleplayed by users, developers and miners and the potential for malicious activity.

Digital asset networks, including the Bitcoin Network and associated Bitcoin Blockchain and the software used to operate them are in the early stages of development. Given the recentness of the development of digital asset networks, digital assets may not function as intended and parties may be unwilling to use digital assets, which would dampen the growth, if any, of digital asset networks. Because bitcoin is a digital asset, the value of the Shares is subject to a number of factors relating to the fundamental investment characteristics of digital assets, including the fact that digital assets are bearer instruments and loss, theft, compromise, or destruction of the associated private keys could result in permanent loss of the asset.

For example, the realization of one or more of the following risks could materially adversely affect the value of the Shares:

| ● | Digital                                                                                         
 assets, including bitcoin, are controllable only by the possessor of both the unique            
 public key and private key or keys relating to the Bitcoin Network address, or “wallet,”        
 at which the digital asset is held. Private keys must be safeguarded and kept private           
 in order to prevent a third party from accessing the digital asset held in such wallet.         
 The loss, theft, compromise or destruction of a private key required to access a digital        
 asset may be irreversible. If a private