Company: DEFI
Filing Date: 2025-03-27
Form Type: 424B3
Source: 0001999371-25-003249
Chunk: 217

Company: Tidal Commodities Trust I
Filing Date: 2025-03-27
Form: 424B3
Chunk 217
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79 | )%  |

For the partial month beginning May 29, 2024

<div align='center'>130</div>

Return Stacked(R) Bonds & Futures Yield ETF (TICKER: RSBY)

The Return Stacked(R) Bonds & Futures Yield ETF commenced trading and
investment operations on August 20, 2024. The Fund is listed on NYSE Arca 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): 6,050,000

Aggregate gross sale price for units issued: $108,900,000

Pool NAV as of December 31, 2024: $108,025,558

NAV per Share as of December 31, 2024: $18.00

Worst monthly percentage drawdown*: -6.77% / October 2024

Worst peak to valley drawdown**: -8.20% / August 2024 – October 2024

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

| Rates of Return*      |       |     |
| Month                 |  2024 |     |
| January               |     – |     |
| February              |     – |     |
| March                 |     – |     |
| April                 |     – |     |
| May                   |     – |     |
| June                  |     – |     |
| July                  |     – |     |
| August                | (1.14 | )%+ |
| September             | (0.49 | %   |
| October               | (6.77 | )%  |
| November              |  1.74 | %   |
| December              | (1.32 | )%  |
| Annual Rate of Return | (7.92 | )%  |

+ For the partial month beginning August 20, 2024

<div align='center'>131</div>

STKD Bitcoin & Gold ETF (TICKER: BTGD)

The STKD Bitcoin & Gold ETF commenced trading and investment operations
on October 15,