Company: DEFI
Filing Date: 2025-03-17
Form Type: S-1/A
Source: 0001387131-25-000058
Chunk: 158

Company: Tidal Commodities Trust I
Filing Date: 2025-03-17
Form: S-1/A
Chunk 158
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     |  9.65 | % |
| March          |         |     |  6.57 | % |
| April          |         |     | -1.69 | % |
| May            |         |     |  3.54 | % |
| June           |         |     |  3.11 | % |
| July           |         |     | -2.78 | % |
| August         |         |     |  0.37 | % |
| September      | (2.16)+ |     |  2.32 | % |
| October        |   -2.73 |     | -7.70 | % |
| November       |    2.81 |     |  6.58 | % |
| December       |    4.00 |     | -0.95 | % |
| Annual         
 Rate of Return |    1.76 |     | 18.32 | % |

+For the partial month beginning September 6, 2023

STKD Bitcoin & Gold ETF (TICKER: BTGD)

The STKD Bitcoin & Gold ETF commenced trading and investment operations on October 15, 2024. 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 31, 2024): 975,000

Aggregate gross sale price for units issued: $25,730,250

Pool NAV as of December 31, 2024: $24,410,301

NAV per Share as of December 31, 2024: $26.39

Worst monthly percentage drawdown*: -6.90% / December 2024

Worst peak to valley drawdown**: -7.08% / November 2024 – December 2024

<div align='center'>75</div>

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

| Rates          
 of Return*     |       |   |
| Month          |  2024 |   |
| January        |     - |   |
| February