Company: DEFI
Filing Date: 2025-02-21
Form Type: POS AM
Source: 0001839882-25-010345
Chunk: 91

Company: Tidal Commodities Trust I
Filing Date: 2025-02-21
Form: POS AM
Chunk 91
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.83%             | Bitcoin witnessed a decline following a temporary halt of withdrawals by Binance, which lasted for several hours.                                                                                                                                                                                                                                 |
| 6/24/2024  | -7.96%              | -6.38%             | Selloff was attributed to anticipated sales from Mt. Gox repayments, German authorities liquidating seized bitcoins, and increased miner sell-offs post-halving.                                                                                                                                                                                  |
| 9/20/2021  | -7.81%              | -7.61%             | After advancing nearly 70% since July 20th prices began to retrace on September 7th. Yet it wasn’t until 09/20 that prices tested both the 50- and 100-day moving averages at the technical point where the 50-day was about to cross back above the 100-day. Suggests that this selling was technical in nature.                                 |
| 9/7/2021   | -7.75%              | -3.35%             | The selling may have been the result of profit taking as Bitcoin futures closed over $50,000 for the first time in the prior session.                                                                                                                                                                                                             |

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Tax Risk

Please refer to “U.S. Federal Income Tax Considerations” for information regarding the U.S. federal income tax consequences of the purchase, ownership and disposition of Shares.

The Fund could be treated as a corporation for U.S. federal income tax purposes, which may substantially reduce the value of your Shares.

The Trust has received an opinion of counsel that, under current U.S. federal income tax laws, the Fund more likely than not will be treated as a partnership that is not taxable as a corporation for U.S. federal income tax purposes, provided that, among other things, (i) at least 90 percent of the Fund’s annual gross income consists of “qualifying income” as defined in the Internal Revenue Code of 1986, as amended (the “Code”), (ii) the Fund is organized and operated in accordance with its governing agreements and applicable law, and (iii) the Fund does not elect to be taxed as a corporation for U.S. federal income tax purposes. Opinions of counsel are not binding on the Internal Revenue Service (the “IRS”) and no assurance can be given that the IRS or a court will agree with counsel’s opinion. Although the Sponsor anticipates that the Fund will satisfy the “qualifying income” requirement for