Company: DEFI
Filing Date: 2025-02-07
Form Type: 424B3
Source: 0001999371-25-001396
Chunk: 1

Company: Tidal Commodities Trust I
Filing Date: 2025-02-07
Form: 424B3
Chunk 1
---
0.43 |   |
| Percentage of initial selling price per Share (6)                                                                                |     |           |  0.52 | % |

| (1) | In order to show how a hypothetical                                                                                                    
 investment in Shares would break even over the next 12 months, this breakeven analysis uses an assumed initial selling price of $83.45 
 per Share, which is based on the Fund NAV per share as of March 11, 2024. Investors should note that, because the Fund’s NAV will      
 change on a daily basis, the breakeven amount on any given day could be higher or lower than the amount reflected here.                |

| (2) | From the Management Fee, the Sponsor pays all of the routine operational, administrative and other ordinary expenses of the Fund, generally as determined by the Sponsor, including but not limited to, fees and expenses of the Administrator, Sub-Administrator, Custodians, Marketing Agent, Transfer Agent, licensors, accounting and audit fees and expenses, tax preparation expenses, legal fees, ongoing SEC registration fees, individual Schedule K-1 preparation and mailing fees, and report preparation and mailing expenses. These fees and expenses are not included in the breakeven table because they are paid for by the Sponsor through the proceeds from the Management Fee.              |
| (3) | Reflects estimated brokerage commissions and fees for Bitcoin Futures Contract purchase or sale and acquiring and selling physical bitcoin, reflected on a per trade basis. The estimated fee is based on the actual brokerage commissions and trading fees for Bitcoin Futures Contracts for the Predecessor Fund year ending December 31, 2023 and anticipated fees for the acquisition and sale of physical bitcoin in the Fund. The actual amount of brokerage commissions and trading fees to be incurred will vary based upon the trading frequency of the Fund. The Sponsor may elect to pay or waive a portion of these fees. The Fund may elect to waive fees in order to reduce the Fund’s expenses. |

| (4) | The Fund pays all of its non-recurring and unusual fees and expenses, if any, as determined by the Sponsor. Non-recurring and unusual fees and expenses are unexpected or unusual in nature, such as legal claims and liabilities and litigation costs or indemnification or other unanticipated expenses. Extraordinary fees and expenses also include material expenses which are not currently anticipated obligations of the Fund. Routine operational, administrative and other ordinary expenses are not deemed extraordinary expenses.                                                                                                                                                                                                                                                                       |
| (5) | The Fund seeks to earn interest