Company: DEFI
Filing Date: 2025-03-27
Form Type: 424B3
Source: 0001999371-25-003249
Chunk: 20

Company: Tidal Commodities Trust I
Filing Date: 2025-03-27
Form: 424B3
Chunk 20
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 actions). In addition, the Shares have limited voting and distribution rights (for example, shareholders do not have the right to elect directors, as the Trust does not have a board of directors, and generally will not receive regular distributions of the net income and capital gains earned by the Fund).

Shareholders have no voting rights with respect to the Trust or the Fund except as expressly provided in the Trust Agreement. The Trust Agreement provides that Shareholders representing at least a majority (over 50%) of the outstanding Shares of the Trust, voting together as a single class (excluding Shares acquired by the Sponsor in connection with its initial capital contribution to any Trust series), may vote to (i) continue the Trust by electing a successor Sponsor as described above, and (ii) approve amendments to the Trust Agreement that impair the right to surrender Redemption Baskets for redemption. In addition, Fund shareholders holding Shares representing seventy-five percent (75%) of the outstanding Shares of the Trust, voting together as a single class (excluding Shares acquired by the Sponsor in connection with its initial capital contribution to any Trust series) may vote to dissolve the Trust upon not less than ninety (90) days’ notice to the Sponsor.

Principal Investment Risks of an Investment in the Fund

An investment in the Fund involves a degree of risk and you could incur a partial or total loss of your investment in the Fund. Some of the risks you may face are summarized below. A more extensive discussion of these risks appears in the “What Are the Risk Factors Involved with an Investment in the Fund?” section, beginning on page 19.

| ● | Bitcoin                                                                                      
 and Bitcoin Futures Contracts are a relatively new asset class and bitcoin is subject        
 to rapid changes, uncertainty and regulation that may adversely affect the value of bitcoin  
 and bitcoin futures, and therefore the nature of an investment in the Fund and may adversely 
 affect the ability of the Fund to buy and sell bitcoin and Bitcoin Futures Contracts,        
 and therefore the ability to achieve its investment objective.                               |

| ● | Historically,                                                                                 
 bitcoin and Bitcoin Futures Contracts have been subject to significant price volatility.      
 The price of Bitcoin Futures Contracts may differ significantly from the spot price of        
 bitcoin. According to Bloomberg from 6/30/2022 to 12/31/2024 front month Bitcoin Futures      
 Contracts exhibited an average implied 30-Day volatility of 56.39. The highest volatility     
 during that period was 92.86 on 7/12/22 and the lowest was 27.58 on 10