Company: DEFI
Filing Date: 2025-03-17
Form Type: S-1/A
Source: 0001387131-25-000058
Chunk: 46

Company: Tidal Commodities Trust I
Filing Date: 2025-03-17
Form: S-1/A
Chunk 46
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margin 
 calls,” collateral liquidations and similar events;                                     |

| ● | investment                                                                               
 and trading activities of large or active consumer and institutional users, speculators, 
 miners, and investors in bitcoin;                                                        |

| ● | an                                                                     
 active derivatives market for bitcoin or for digital assets generally; |

| ● | monetary                                                                                      
 policies of governments, legislation or regulation, trade restrictions, currency devaluations 
 and revaluations and regulatory measures or enforcement actions, if any, that restrict        
 the use of bitcoin as a form of payment or the purchase of bitcoin on the digital asset       
 markets;                                                                                      |

| ● | global                                                                               
 or regional political, economic or financial conditions, events and situations, such 
 as a novel coronavirus outbreak;                                                     |

| ● | fees                                                                                         
 associated with processing a bitcoin transaction and the speed at which bitcoin transactions 
 are settled;                                                                                 |

| ● | the                                                                                      
 maintenance, troubleshooting, and development of the Bitcoin Network including by miners 
 and developers worldwide;                                                                |

| ● | the                                                                                             
 ability for the Bitcoin Network to attract and retain miners to secure and confirm transactions 
 accurately and efficiently;                                                                     |

| ● | ongoing                                                                               
 technological viability and security of the Bitcoin Network and bitcoin transactions, 
 including vulnerabilities against hacks and scalability;                              |

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| ● | financial                        
 strength of market participants; |

| ● | the                                           
 availability and cost of funding and capital; |

| ● | the                                                   
 liquidity and credit risk of digital asset platforms; |

| ● | interruptions                                                                             
 in service from or closures or failures of major digital asset exchanges or their banking 
 partners, or outages or system failures affecting the Bitcoin Network;                    |

| ● | decreased                                                  
 confidence in digital assets and digital assets exchanges; |

| ● | poor                                                                  
 risk management or fraud by entities in the digital assets ecosystem; |

| ● | increased                                                               
 competition from other forms of digital assets or payment services; and |

| ● | the                                                                            
 Fund’s own acquisitions or dispositions of bitcoin, since there is no limit on 
 the number of bitcoin that the Fund may acquire.                               |

There is no assurance that bitcoin will maintain its value in the long, intermediate, short, or any other term. In the event that the price of bitcoin declines, the Shares’ value will also decline. The value of a bitcoin as represented by the Bitcoin Price may also be subject to momentum pricing due to speculation regarding future appreciation in value, leading to greater volatility that could