Company: DEFI
Filing Date: 2025-02-21
Form Type: POS AM
Source: 0001839882-25-010345
Chunk: 217

Company: Tidal Commodities Trust I
Filing Date: 2025-02-21
Form: POS AM
Chunk 217
---
 )% |  0.02 | %  |
| April                 |       | %  | (0.58 | )% |  3.04 | %  |
| May                   |       | %  | (0.24 | )% | (0.49 | )% |
| June                  |  0.01 | %  |  0.63 | %  | (0.56 | )% |
| July                  |  1.06 | %  |  1.23 | %  | (1.12 | )% |
| August                |  1.13 | %  |  0.01 | %  | (0.21 | )% |
| September             | (2.06 | )% |  2.03 | %  |  0.50 | %  |
| October               |  3.08 | %  |  1.33 | %  |  1.75 | %  |
| November              | (2.37 | )% | (2.30 | )% | (0.15 | )% |
| December              |  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