Company: DEFI
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001999371-25-017892
Chunk: 15

Company: Tidal Commodities Trust I
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 15
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0.01  
     0.94 

    Net realized and unrealized gain (loss) on investments and cryptocurrency futures contracts 
     7.63   
     3.97   
     23.73   
     21.12  

    Total expenses 
     (0.08) 
     (0.16) 
     (0.30) 
     (0.55)

    Net increase (decrease) in net asset value 
     7.56  
     3.82  
     23.44  
     21.51 

    Net asset value at end of period 
    $129.44  
    $72.25  
    $129.44  
    $72.25 

    Total Return 
     6.20% 
     5.58% 
     22.12% 
     42.39%

    Ratios to Average Net Assets (Annualized) 

    Total expenses 
     0.25% 
     0.92% 
     0.35% 
     1.08%

    Total expenses, net 
     0.25% 
     0.92% 
     0.35% 
     1.08%

    Net investment income (loss) 
     (0.23)% 
     (0.86)% 
     (0.34)% 
     0.77%

*Reflects the operations of the Hashdex Bitcoin Futures
ETF, which was a series of Teucrium Commodity Trust until January 3, 2024. Please see Note 5 for more information.

Note 5 – Merger with Hashdex Bitcoin Futures
ETF

As reported by the Tidal Commodities
Trust I on a Form 8-K filed with the Securities and Exchange Commission on January 3, 2024 (File No. 001-41900), the Fund completed
the successful acquisition by merger (the “Merger”) of the Hashdex Bitcoin Futures ETF, a series of the Teucrium Commodity
Trust (the “Acquired Fund”).

Under the terms of the Merger,
each shareholder of the Acquired Fund received one share of the Fund for every one share of the Acquired Fund held on January 3,
2024 based on the net asset value per share of the Fund being equal to the net