Company: DEFI
Filing Date: 2025-03-27
Form Type: 424B3
Source: 0001999371-25-003249
Chunk: 212

Company: Tidal Commodities Trust I
Filing Date: 2025-03-27
Form: 424B3
Chunk 212
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000

Aggregate gross sale price for units issued: $76,892,925

Pool NAV as of December 31, 2024: $4,023,213

NAV per Share as of December 31, 2024: $20.12

Worst monthly percentage drawdown*: -8.02% / May 2023

Worst peak to valley drawdown: **: -10.15% / October 2023 – December
2023

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

| Rates of Return*      |       |    |       |    |
| Month                 |  2023 |    |  2024 |    |
| January               |       | %  |  2.39 | %  |
| February              |       | %  | (4.89 | )% |
| March                 |       | %  |  2.18 | %  |
| April                 |       | %  |  (.35 | )% |
| May                   | (8.02 | )% |  2.65 | %  |
| June                  |  2.74 | %  |  (.07 | )% |
| July                  |  1.85 | %  | (5.59 | )% |
| August                |  4.61 | %  | (5.03 | )% |
| September             |  0.11 | %  |  1.85 | %  |
| October               |  1.41 | %  | (5.34 | )% |
| November              | (6.78 | )% |  1.34 | %  |
| December              | (3.37 | )% |  2.87 | %  |
| Annual Rate of Return | (7.92 | )% | (7.88 | )% |

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Ionic Inflation Protection ETF (TICKER: CPII)

The Ionic Inflation Protection ETF commenced trading and investment operations
on June 29, 2022. 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