Company: DEFI
Filing Date: 2025-03-25
Form Type: POS AM
Source: 0001999371-25-003118
Chunk: 8

Company: Tidal Commodities Trust I
Filing Date: 2025-03-25
Form: POS AM
Chunk 8
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 cryptocurrencies, which continues to evolve in the U.S., and 
 which may delay, impede, or restrict the adoption or use of bitcoin.                    |

| ● | Speculative                                                                           
 activity in the market for bitcoin, including by holders of large amounts of bitcoin, 
 which may increase volatility.                                                        |

| ● | Cyberattacks,                                                                               
 including the risk that malicious actors will exploit flaws in the code or structure        
 of bitcoin, control the blockchain, steal information or cause disruptions to the internet. |

| ● | Rewards                                                                              
 for mining bitcoin are designed to decline over time, which may lessen the incentive 
 for miners to process and confirm transactions on the Bitcoin Network.               |

| ● | The                                                                                         
 open-source nature of the Bitcoin Network may result in forks, or changes to the underlying 
 code of bitcoin that result in the creation of new, separate digital assets.                |

| ● | Fraud,                                                                                  
 manipulation, security failure or operational problems at bitcoin exchanges that result 
 in a decline in adoption or acceptance of bitcoin.                                      |

| ● | Scalability                                                 
 as the use of bitcoin expands to a greater number of users. |

The Fund is organized as a series of the Trust, a Delaware statutory trust organized on February 10, 2023. The Trust and the Fund operate pursuant to the Trust Agreement, dated February 10, 2023. The Trust Agreement may be found on the SEC’s EDGAR filing database at https://www.sec.gov/Archives/edgar/data/1985840/000138713123008542/ex3-1.htm. The Fund was formed and is managed and controlled by the Sponsor, a limited liability company formed in Delaware on March 14, 2012. The Sponsor is registered as a commodity pool operator (“CPO”) with the Commodity Futures Trading Commission (“CFTC”) and is a member of the National Futures Association (“NFA”). The Fund intends to be treated as a partnership for U.S. federal income tax purposes.

The Benchmark Methodology

The Benchmark is governed by the Nasdaq Crypto Index Oversight Committee (“CIOC”), which is responsible for implementation, administration, and oversight of the Benchmark, including its cessation. The CIOC shall approve any material changes to the methodology and review the Benchmark methodology at least on an annual basis. The final Benchmark is calculated once every trading day and it is given by a weighted average across the settlement prices of the following “Core Exchanges” (as of January 31, 2025): Bitstamp