Company: DEFI
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001999371-25-011381
Chunk: 8

Company: Tidal Commodities Trust I
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 8
Chunk 8
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Commodity Exchange Act requires an FCM to segregate all customer transactions and assets from the FCM’s proprietary activities.
A customer’s cash and other equity deposited with an FCM are considered commingled with all other customer funds subject
to the FCM’s segregation requirements. In the event of an FCM’s insolvency, recovery may be limited to the Fund’s
pro rata share of segregated customer funds available. It is possible that the recovery amount could be less than the total of
cash and other equity deposited.

The
following table discloses information about offsetting assets and liabilities presented in the statements of assets and liabilities
to enable users of these financial statements to evaluate the effect or potential effect of netting arrangements for recognized
assets and liabilities. These recognized assets and liabilities are presented as defined in the Financial Accounting Standards
Board’s (“FASB”) Accounting Standards Update (“ASU”) No. 2011-11 “Balance Sheet (Topic 210):
Disclosures about Offsetting Assets and Liabilities” and subsequently clarified in FASB ASU 2013-01 “Balance Sheet
(Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities.”

    F-15 

The
following tables identify the net gain and loss amounts included in the statements of operations as realized and unrealized gains
and losses on trading of cryptocurrency futures contracts categorized by primary underlying risk:

    Six
    months ended June 30, 2025. 

     Realized
                                         Gain 
(Loss) on 
Commodity 
Futures Contracts  
     Net Change in
                                                                                Unrealized 
Appreciation/ 
Depreciation on 
Commodity Futures 
Contracts 

    Cryptocurrency
    Price 

    Bitcoin
    futures contracts 
    $(4,173) 
     — 

Three
months ended June 30, 2025.

    Realized
    Gain 
(Loss) on 
Commodity 
Futures Contracts  
    Net
    Change in 
Unrealized 
Appreciation/ 
Depreciation on 
Commodity Futures 
Contracts 

    Cryptocurrency
    Price 

    Bitcoin
    futures contracts 
    $(4,173) 
    $— 

As
of June 30, 2025 and December 31, 2024, there were no derivative instruments included in the Combined Statements of Assets and
Liabilities.

Volume
of Monthly Derivative Activities