Company: DEFI
Filing Date: 2025-03-27
Form Type: 424B3
Source: 0001999371-25-003249
Chunk: 214

Company: Tidal Commodities Trust I
Filing Date: 2025-03-27
Form: 424B3
Chunk 214
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 |  0.26 | %  | (0.85 | )% |  1.07 | %  |
| Annual Rate of Return |  1.02 | %  |  1.58 | %  |  6.97 | %  |

<div align='center'>127</div>

Return Stacked™ Bonds & Managed Futures ETF (TICKER: RSBT)

The Return Stacked™ Bonds & Managed Futures ETF commenced trading
and investment operations on February 8, 2023. The Fund is listed on CBOE and is neither: (i) a privately offered pool pursuant to Section
4(a)(2) of the 1933 Act; (ii) a multi-advisor pool as defined in CFTC Regulation 4.10(d)(2); or (iii) a principal-protected pool as defined
in CFTC Regulation 4.10(d)(3).

Units of beneficial interest issued (from inception until December 29,
2024): 5,150,000

Aggregate gross sale price for units issued: $89,661,500

Pool NAV as of December 31, 2024: $83,945,611

NAV per Share as of December 31, 2024: $17.41

Worst monthly percentage drawdown*: -7.91% / March 2023

Worst peak to valley drawdown**: -10.39% / February 2023 – May 2023

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

| Rates of Return*      |        |    |       |    |
| Month                 |   2023 |    |  2024 |    |
| January               |        | %  | (2.42 | )% |
| February              |  (1.08 | )% |  2.71 | %  |
| March                 |  (7.91 | )% |  4.70 | %  |
| April                 |   0.76 | %  | (0.05 | )% |
| May                   |  (2.24 | )% |  0.11 | %  |
| June                  |   3.05 | %  |  0.86 | %  |
| July                  |  (0.91 | )% | (1.70 | )% |
| August