Company: DEFI
Filing Date: 2025-03-27
Form Type: 424B3
Source: 0001999371-25-003249
Chunk: 132

Company: Tidal Commodities Trust I
Filing Date: 2025-03-27
Form: 424B3
Chunk 132
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any individual constituent asset in accordance with the methodology for any reason, including in the event of the absence of or
insufficient inputs from Core Exchanges, the settlement price for the impacted constituent asset for that day shall be the last
published settlement price for that asset.

Benchmark Performance

The chart below shows the percent change
in the NAV per share for the Fund, the market price of the Fund shares, represented by the closing price of the Fund on NYSE Arca,
and the Benchmark for five specific periods. The Benchmark does not reflect any impact of expenses, which would generally reduce
the Fund’s NAV, or interest income, which would generally increase the NAV. The actual results for the NAV include the impacts
of both expenses and interest income.

<div align='center'>80</div>

The Sponsor, in its sole discretion, may
cause the Fund to track a benchmark other than the Benchmark at any time, with prior notice to investors. The Sponsor may change
the Fund’s benchmark if investment conditions change or the Sponsor believes that another benchmark or standard better aligns
with the Fund’s investment objective and strategy. The Sponsor, however, is under no obligation whatsoever such a change
in any circumstance.

Hashdex Bitcoin ETF Performance as
of December 31, 2024

|                   |     | Three 
 Month |        |     | 1 Year     
 Annualized |         |     | 3 Year     
 Annualized |   |     | 5 Year     
 Annualized |   |     | Inception  
 Annualized |        |
| NAV               |     |       | 46.71% |     |            | 108.90% |     |            | — |     |            | — |     |            | 87.75% |
| Market Price      |     |       | 46.72% |     |            | 109.39% |     |            | — |     |            | — |     |            | 87.92% |
| Benchmark (NQBTC) |     |       | 43.39% |     |            | 98.07%  |     |            | — |     |            | — |     |            | 80.73% |

The Bitcoin Industry

Bitcoin

Bitcoin is a digital asset that serves as
the unit of account on an open-source, decentralized, peer-to-peer computer network. It may be used to pay for goods and services,
stored for future use, or converted to government