Company: DEFI
Filing Date: 2025-03-27
Form Type: 424B3
Source: 0001999371-25-003249
Chunk: 21

Company: Tidal Commodities Trust I
Filing Date: 2025-03-27
Form: 424B3
Chunk 21
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/24/2022. Bitcoin       
 can be highly volatile, for example, after a 774% price increase from 1/1/2020 prices         
 peaked in May 2021 and front month Bitcoin Futures Contracts began to decline with a          
 peak to trough retracement of 47.06% by 7/20/2021. Prices then rose from that low until       
 11/9/2021, a new all time high, resulting in a price increase of 127.58%. Front month         
 Bitcoin Futures Contracts prices peaked on 11/9/2021, began to decline with a peak to         
 trough retracement of 76.91% by 11/09/2022 and rose from that level by 503% as of 12/31/2024. |

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| ● | The                                                                                         
 market for Bitcoin Futures Contracts is less developed than older, more established futures 
 markets (such as corn or wheat futures) and may be more volatile and less liquid.           |

| ● | The                                                                                       
 Fund will compete with direct investments in bitcoin, other cryptocurrencies and other    
 potential financial vehicles and other investment vehicles that focus on other digital    
 assets. Market and financial conditions, and other conditions beyond the Fund’s           
 control, such as the timing of reaching the market and the Fund’s fee structure           
 relative to other bitcoin exchange-trade products, may make it more attractive to invest  
 in other vehicles. The competition from other investment vehicles focused on bitcoin      
 or other cryptocurrencies could have a detrimental effect on the scale and sustainability 
 of the Fund.                                                                              |

| ● | Unlike                                                                                    
 mutual funds, commodity pools and other investment pools that manage their investments    
 so as to realize income and gains for distribution to their investors, the Fund generally 
 does not distribute dividends to Shareholders. You should not invest in the Fund if you   
 will need cash distributions from the Fund to pay taxes on your share of income and gains 
 of the Fund, if any, or for other purposes.                                               |

| ● | Only                                                                                      
 an Authorized Purchaser may engage in creation or redemption transactions with the Fund.  
 The Fund has a limited number of institutions that act as Authorized Purchasers. To the   
 extent these institutions exit the business or are unable or unwilling to proceed with    
 creation and/or redemption orders with respect to the Fund, Fund Shares may, particularly 
 in times of market stress, trade at a discount to the NAV per Share and possibly face     
 trading halts