Company: DEFI
Filing Date: 2025-03-27
Form Type: 424B3
Source: 0001999371-25-003249
Chunk: 218

Company: Tidal Commodities Trust I
Filing Date: 2025-03-27
Form: 424B3
Chunk 218
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2024. The Fund is listed on CBOE 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): 975,000

Aggregate gross sale price for units issued: $25,730,250

Pool NAV as of December 31, 2024: $24,410,301

NAV per Share as of December 31, 2024: $26.39

Worst monthly percentage drawdown*: -6.90% / December 2024

Worst peak to valley drawdown**: -7.08% / November 2024 – December
2024

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

| Rates of Return*      |       |    |
| Month                 |  2024 |    |
| January               |     – |    |
| February              |     – |    |
| March                 |     – |    |
| April                 |     – |    |
| May                   |     – |    |
| June                  |     – |    |
| July                  |     – |    |
| August                |     – |    |
| September             |     – |    |
| October               |  6.39 | %+ |
| November              | 33.47 | %  |
| December              | (6.90 | )% |
| Annual Rate of Return | 32.20 | %  |

+ For the partial month beginning October 15, 2024

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INCORPORATION BY REFERENCE OF CERTAIN INFORMATION</div>

The Trust is a smaller reporting company, as defined in Rule 405 (17 CFR 230, 405), and files annual, quarterly and current reports and other information with the SEC. The rules of the SEC allow the Trust to “incorporate by reference” information that the Trust files with them, which means that the Trust can disclose important information to you by referring you to those documents. The information incorporated by reference is an important part of this prospectus. The documents listed below and all documents subsequently filed by us with the