DEFI: Governance amendment filed; full text in Exhibit 99.1

Rhea-AI Filing Summary

Tidal Commodities Trust I reported a governance update, stating that effective October 21, 2025, its sponsor Tidal Investments LLC executed an amendment to the First Amended and Restated Declaration of Trust and Trust Agreement. The amendment updates certain provisions of the Trust’s governing document.

The changes are disclosed under Items 3.03 and 5.03, with the full text of the amendment filed as Exhibit 99.1. The Trust’s shares of the Hashdex Bitcoin ETF (DEFI) continue to be listed on NYSE Arca.

8-K Event Classification

3 items: 3.03, 5.03, 9.01

3 items

Item 3.03 Material Modification to Rights of Security Holders Securities

A change was made that materially affects the rights of existing shareholders (e.g., dividend rights, voting rights).

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year Governance

The company amended its charter documents, bylaws, or changed its fiscal year.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): October 21, 2025

Tidal Commodities Trust I

(Exact Name of Registrant as Specified in Its Charter)

Delaware

(State or Other Jurisdiction of Incorporation)

001-41900		92-6468665
(Commission File Number)		(IRS Employer Identification No.)
234 West Florida Street, Suite 203 Milwaukee, WI		53204
(Address of Principal Executive Offices)		(Zip Code)

(844) 986-7700

(Registrant’s Telephone Number, Including Area Code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Shares of Hashdex Bitcoin ETF		DEFI		NYSE Arca, Inc.

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 3.03 Material Modification of Rights to Security Holders.

To the extent required by Item 3.03 of Form 8-K, the information contained in Item 5.03 of this Current Report on Form 8-K is incorporated herein by reference.

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

Effective October 21, 2025, Tidal Investments LLC (“Tidal”) executed an amendment to the First Amended and Restated Declaration of Trust and Trust Agreement (“Declaration of Trust”) of the Tidal Commodities Trust I (the “Trust”), which amended certain provisions as follows:

1. The definition of “Event of Withdrawal” was revised to state that the sponsor’s actual withdrawal, and not the provision of notice of withdrawal, constitutes an Event of Withdrawal.

2. Section 3.2(a) was amended to clarify that each series within the Trust can issue, and has issued, units in accordance with the terms of the Declaration of Trust.

3. Section 4.11(a) was revised to change the notice period for a withdrawal of the sponsor from ninety days to thirty days.

4. Section 13.1(a) was revised to add that an Event of Withdrawal will not cause the dissolution of the Trust, if prior to the Event of Withdrawal, the Sponsor appoints a successor sponsor that agrees to carry on the business of the Trust.

A copy of the amendment to the Declaration of Trust is filed herewith as Exhibit 99.1. 

Item 9.01 Financial Statements and Exhibits.

Exhibit No.		Description
99.1		Amendment No. 1 to the First Amended and Restated Declaration of Trust and Trust Agreement of Tidal Commodities Trust I
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	TIDAL COMMODITIES TRUST I
	By: Tidal Investments LLC, as Sponsor
	/s/ Guillermo Trias
Date: October 27, 2025	Name: Guillermo Trias
	Title: Chief Executive Officer of Tidal Investment LLC, as Sponsor

FAQ

What did Tidal Commodities Trust I (DEFI) announce?

The Trust amended its First Amended and Restated Declaration of Trust and Trust Agreement, effective October 21, 2025, as disclosed in Item 5.03.

When did the amendment to the Declaration of Trust take effect for DEFI?

It became effective on October 21, 2025.

Where can investors find the full amendment details for DEFI?

The complete amendment is filed as Exhibit 99.1.

Which 8-K items cover this governance change for DEFI?

Items 3.03 and 5.03; Item 3.03 incorporates the information from Item 5.03 by reference.

What is the trading symbol and exchange for the Trust’s ETF?

Shares of the Hashdex Bitcoin ETF trade under DEFI on NYSE Arca.

Who signed the report on behalf of the Trust?

It was signed by Guillermo Trias, Chief Executive Officer of Tidal Investments LLC, as Sponsor.