Company: DEFI
Filing Date: 2025-03-25
Form Type: POS AM
Source: 0001999371-25-003118
Chunk: 24

Company: Tidal Commodities Trust I
Filing Date: 2025-03-25
Form: POS AM
Chunk 24
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 the future were to impose position limits, the Fund’s ability to meet its investment     
 objective could be negatively impacted. The Fund continues to monitor and manage its     
 existing relationships with its FCMs and will continue to seek additional relationships  
 with FCMs as needed.                                                                     |

| ● | The                                                                                         
 occurrence of a severe weather event, natural disaster, terrorist attack, geopolitical      
 event, outbreak or public health emergency as declared by the World Health Organization,    
 the continuation or expansion of war or other hostilities, or a prolonged government        
 shutdown may have significant adverse effects on the Fund and its investments and alter     
 current assumptions and expectations. For example, in late February 2022, Russia invaded    
 Ukraine, significantly amplifying already existing geopolitical tensions among Russia       
 and other countries in the region and in the West. The responses of countries and political 
 bodies to Russia’s actions, the larger overarching tensions, and Ukraine’s                  
 military response and the potential for wider conflict may increase financial market        
 volatility generally, have severe adverse effects on regional and global economic markets,  
 and cause volatility in the price of bitcoin, bitcoin futures and the Share price of        
 the Fund.                                                                                   |

| ● | The                                                                                      
 ability of Authorized Purchasers to create or redeem Shares may be suspended for several 
 reasons, including but not limited to the Fund voluntarily imposing such restrictions.   
 A suspension in the ability of Authorized Purchasers to create or redeem Shares would    
 have no impact on the Fund’s investment objective – the Fund would continue              
 to seek to track its Benchmark. However, with respect to the impact of a suspension on   
 the price of Fund Shares in the secondary market, investors may have to pay a higher     
 price to buy Shares and receive a lower price when they sell their Shares. This “spread” 
 may continue to widen the longer the suspension lasts.                                   |

| ● | Market                                                                                      
 fraud and/or manipulation and other fraudulent trading practices such as the intentional    
 dissemination of false or misleading information (e.g., false rumors) can, among other      
 things, lead to a disruption of the orderly functioning of bitcoin and Bitcoin Futures      
 Contract markets, significant market volatility, and cause the value of bitcoin and Bitcoin 
 Futures Contracts to fluctuate quickly and without warning. Depending on the timing of      
 an investor’s purchases and sales of the Fund’s Shares, these pricing anomalies             
 could cause the investor to incur losses.                                                   |

| ● | There                                                                                   
 can be no assurance that the Fund will achieve its investment objective due to position 
 limits,