Company: DEFI
Filing Date: 2025-03-25
Form Type: POS AM
Source: 0001999371-25-003118
Chunk: 23

Company: Tidal Commodities Trust I
Filing Date: 2025-03-25
Form: POS AM
Chunk 23
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 together as a single class (excluding Shares acquired by the Sponsor in connection with its initial capital contribution to any Trust series) may vote to dissolve the Trust upon not less than ninety (90) days’ notice to the Sponsor.

Principal Investment Risks of an Investment in the Fund

An investment in the Fund involves a degree of risk and you could incur a partial or total loss of your investment in the Fund. Some of the risks you may face are summarized below. A more extensive discussion of these risks appears in the “What Are the Risk Factors Involved with an Investment in the Fund?” section, beginning on page 19.

| ● | Bitcoin                                                                                      
 and Bitcoin Futures Contracts are a relatively new asset class and bitcoin is subject        
 to rapid changes, uncertainty and regulation that may adversely affect the value of bitcoin  
 and bitcoin futures, and therefore the nature of an investment in the Fund and may adversely 
 affect the ability of the Fund to buy and sell bitcoin and Bitcoin Futures Contracts,        
 and therefore the ability to achieve its investment objective.                               |

| ● | Historically,                                                                                 
 bitcoin and Bitcoin Futures Contracts have been subject to significant price volatility.      
 The price of Bitcoin Futures Contracts may differ significantly from the spot price of        
 bitcoin. According to Bloomberg from 6/30/2022 to 12/31/2024 front month Bitcoin Futures      
 Contracts exhibited an average implied 30-Day volatility of 56.39. The highest volatility     
 during that period was 92.86 on 7/12/22 and the lowest was 27.58 on 10/24/2022. 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