Company: DEFI
Filing Date: 2025-02-21
Form Type: POS AM
Source: 0001839882-25-010345
Chunk: 26

Company: Tidal Commodities Trust I
Filing Date: 2025-02-21
Form: POS AM
Chunk 26
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 to the relative net asset values of the Fund and each other series  
 of the Trust.  For a discussion of non-recurring, unusual or extraordinary expenses, see “– Fund Expenses.”                      
 If any creditor or shareholder in any particular series (such as the Fund) were to successfully assert against a series a        
 claim with respect to its indebtedness or shares, the creditor or shareholder could recover only from that particular series     
 and its assets. Accordingly, the debts and other obligations incurred, contracted for or otherwise existing solely with respect  
 to a particular series would be enforceable only against the assets of that series, and not against any other series or the      
 Trust generally or any of their respective assets. The assets of the Fund and any other series will include only those funds     
 and other assets that are paid to, held by or distributed to the series on account of and for the benefit of that series,        
 including, without limitation, amounts delivered to the Trust for the purchase of shares in a series.                            |
| Registration Clearance and Settlement | Individual certificates                                                                                                          
 are not issued for the Shares. Instead, Shares will be represented by one or more global certificates, which are deposited       
 by the transfer agent with the Depository Trust Company (“DTC”) and registered in the name of Cede & Co.,                        
 as nominee for DTC. The global certificates evidence all of the Shares outstanding at any time. Beneficial interests in Shares   
 are held through DTC’s book-entry system, which means that Shareholders are limited to: (1) purchasers in DTC such as            
 banks, brokers, dealers and trust companies, (2) those who maintain, either directly or indirectly, a custodial relationship     
 with a DTC purchaser, and (3) those who hold interests in the Shares through DTC purchasers or indirect purchasers, in each      
 case who satisfy the requirements for transfers of Shares. DTC purchasers acting on behalf of investors holding Shares through   
 such DTC purchasers’ accounts in DTC will follow the delivery practice applicable to securities eligible for DTC’s               
 Same-Day Funds Settlement System. Shares are credited to DTC purchasers’ securities accounts following confirmation              
 of receipt of payment.                                                                                                           |
| Net Asset Value                       | The NAV is calculated                                                                                                            
 by taking the current market value of the Fund’s total assets and subtracting any liabilities and dividing the balance           
 by the number of Shares. Under the Fund’s current operational procedures, U.S. Bancorp Fund Services, LLC, doing business        
 as U.S. Bank Global