Company: DEFI
Filing Date: 2025-03-27
Form Type: 424B3
Source: 0001999371-25-003249
Chunk: 23

Company: Tidal Commodities Trust I
Filing Date: 2025-03-27
Form: 424B3
Chunk 23
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 to the impact of a suspension on   
 the price of Fund Shares in the secondary market, investors may have to pay a higher     
 price to buy Shares and receive a lower price when they sell their Shares. This “spread” 
 may continue to widen the longer the suspension lasts.                                   |

| ● | Market                                                                                      
 fraud and/or manipulation and other fraudulent trading practices such as the intentional    
 dissemination of false or misleading information (e.g., false rumors) can, among other      
 things, lead to a disruption of the orderly functioning of bitcoin and Bitcoin Futures      
 Contract markets, significant market volatility, and cause the value of bitcoin and Bitcoin 
 Futures Contracts to fluctuate quickly and without warning. Depending on the timing of      
 an investor’s purchases and sales of the Fund’s Shares, these pricing anomalies             
 could cause the investor to incur losses.                                                   |

| ● | There                                                                                   
 can be no assurance that the Fund will achieve its investment objective due to position 
 limits, accountability levels, dynamic price fluctuation limits and other limitations   
 on the Fund’s investing in bitcoin and Bitcoin Futures Contracts that may be imposed    
 following the Merger.                                                                   |

For additional risks, see “What Are the Risk Factors Involved with an Investment in the Fund?”

Determination of NAV

The Fund’s NAV is determined as of the earlier of the close of trading on NYSE Arca or 4:00 p.m. (ET) on each day that NYSE Arca is open for trading.

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Defined Terms

For a glossary of defined terms, see Appendix A.

Breakeven Analysis

The breakeven analysis set forth below is a hypothetical illustration of the approximate dollar returns and percentage returns for the redemption value of a single Share to equal the amount invested twelve months after the investment is made. For purposes of this breakeven analysis, an initial selling price of $106.00per Share, is assumed. The breakeven analysis is an approximation only and assumes a constant month-end Net Asset Value. In order for a hypothetical investment in Shares to breakeven over the next 12 months, assuming a selling price of 106.00per Share, the investment would have to generate a 0.00% or $0.00 return. The numbers in the chart below have been rounded to the nearest 0.01.

|                                                                                                                                  |     | Per Share |        |   |
|:---------------------------------------------------------------------------------------------------------------------------------|:----|:----------|-------:|:--|
| Assumed