Company: DEFI
Filing Date: 2025-03-25
Form Type: POS AM
Source: 0001999371-25-003118
Chunk: 168

Company: Tidal Commodities Trust I
Filing Date: 2025-03-25
Form: POS AM
Chunk 168
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| ● | the                                                                                   
 acceptance or receipt of the Creation Basket Deposit would, in the opinion of counsel 
 to the Sponsor, be unlawful;                                                          |

| ● | circumstances                                                                          
 outside the control of the Sponsor, Marketing Agent or transfer agent make it, for all 
 practical purposes, not feasible to process creations of baskets;                      |

| ● | there                                                                                    
 is a possibility that any or all of the Bitcoin Futures Contracts of the Fund on the     
 CME from which the NAV of the Fund is calculated will be priced at a dynamic price limit 
 restriction; or                                                                          |

| ● | if,                                                                                   
 in the sole discretion of the Sponsor, the execution of such an order would not be in 
 the best interest of the Fund or its Shareholders.                                    |

None of the Sponsor, Marketing Agent or transfer agent will be liable for the rejection of any purchase order or Creation Basket Deposit.

Redemption Procedures

The procedures by which an Authorized Purchaser can redeem one or more baskets mirror the procedures for the creation of baskets. On any business day, an Authorized Purchaser may place an order with the transfer agent to redeem one or more baskets. Redemption orders must be placed by 3:00 p.m. (ET) or the close of regular trading on NYSE Arca, whichever is earlier. A redemption order so received will be effective on the date it is received in satisfactory form by the Marketing Agent. The redemption procedures allow Authorized Purchasers to redeem baskets and do not entitle an individual Shareholder to redeem any Shares in an amount less than a Redemption Basket, or to redeem baskets other than through an Authorized Purchaser. By placing a redemption order, an Authorized Purchaser agrees to deliver the baskets to be redeemed through DTC’s book-entry system to the Fund by the end of the next business day following the effective date of the redemption order or by the end of such later business day (“Redemption Settlement Date”). Prior to the delivery of the redemption distribution for a redemption order, the Authorized Purchaser must also have wired to the Sponsor’s account at the Cash Custodian the non-refundable transaction fee due for the redemption order. An Authorized Purchaser may not withdraw a redemption order without the prior consent of the Sponsor in its discretion.

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In order to facilitate the redemption process and meet the redemption orders, the Fund will aim to sell its positions in Bitcoin Futures Contracts for cash. Additionally, if necessary, the Fund may engage in EFP transactions to convert bitcoin holdings into Bitcoin Futures