Company: DEFI
Filing Date: 2025-03-27
Form Type: 424B3
Source: 0001999371-25-003249
Chunk: 223

Company: Tidal Commodities Trust I
Filing Date: 2025-03-27
Form: 424B3
Chunk 223
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ibility that the daily NAV of the Fund will not track the Benchmark.

Trust Agreement:The First Amended and Restated Declaration of Trust and Trust Agreement of the Trust effective as of March 10, 2023.

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Valuation Day:Any day as of which the Fund calculates its NAV.

You:The owner of Shares.

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STATEMENT OF ADDITIONAL INFORMATION

Hashdex Bitcoin ETF</div>

This statement of additional information is the second part of a two-part document. The first part is the Fund’s disclosure document. The disclosure document and this statement of additional information are bound together, and both parts contain important information. This statement of additional information should be read in conjunction with the disclosure document. To obtain a copy of the disclosure document without charge, call the Fund at (844)-986-7700. Before you decide whether to invest, you should read the entire prospectus carefully and consider the risk factors beginning on page 19.

This statement of additional information and accompanying disclosure document are both dated March 27, 2025.

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Hashdex Bitcoin ETF

STATEMENT OF ADDITIONAL INFORMATION

TABLE OF CONTENTS</div>

|                               | Page |
| Cryptocurrency                
 Derivatives Market Purchasers |    3 |
| Regulation                    |    3 |
| Potential                     
 Advantages of Investment      |    7 |
| Fund                          
 Performance                   |    8 |

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Cryptocurrency Derivatives Market Purchasers

Two broad classes of persons who trade cryptocurrency futures are hedgers and speculators. Hedgers include financial institutions and entities that manage or deal in cryptocurrency instruments or crypto related stock portfolios, and commercial market purchasers, such as crypto mining companies or Decentralized Finance (DeFi) purchasers, that mine, lend, accept, or otherwise conduct business using cryptocurrencies. Hedging is a protective procedure designed to effectively lock in prices that would otherwise change due to an adverse movement in the price of the underlying commodity or cryptocurrency, such as the adverse price movement between the time a producer enters into a contract to sell a product for cryptocurrency at a certain price and the time it acquires the cryptocurrency against the delivery of the product to the customer. For example, if a manufacturer contracts to physically sell its product at a future date for a fixed amount of cryptocurrency, it may simultaneously sell a futures or forward contract for the necessary equivalent quantity of the cryptocurrency. At the time the producer delivers the physical product