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February 27, 2024
Guillermo Trias
Chief Executive Officer/President of the Sponsor
Tidal Commodities Trust I
c/o Toroso Investments, LLC
234 West Florida Street, Suite 203
Milwaukee, WI 53204
Re:Tidal Commodities Trust I
Amendment No. 4 to Registration Statement of Form S-1
Filed February 20, 2024
File No. 333-276254
Dear Guillermo Trias:
            We have reviewed your amended registration statement and have the following
comments.
            Please respond to this letter by amending your registration statement and providing the
requested information. If you do not believe a comment applies to your facts and circumstances
or do not believe an amendment is appropriate, please tell us why in your response.
            After reviewing any amendment to your registration statement and the information you
provide in response to this letter, we may have additional comments. Unless we note otherwise,
any references to prior comments are to comments in our February 13, 2024 letter.
Amendment No. 4 to Registration Statement on Form S-1
Prospectus Summary
The Fund's Current Net Assets and Year to Date Performance, page 1
1.Refer to your response to comment 1. Please revise to disclose the number of Shares
outstanding as of the most recent practicable date.
The Offering
Fund Expenses, page 10
2.Refer to your response to comments 2 and 3. It appears that the Trust indemnifies the
Bitcoin Custodian pursuant to the Bitgo Custodial Services Agreement. Please revise your
disclosure on page 10 to clarify whether indemnification expenses owed pursuant to the

 FirstName LastNameGuillermo Trias
 Comapany NameTidal Commodities Trust I
 February 27, 2024 Page 2
 FirstName LastName
Guillermo Trias
Tidal Commodities Trust I
February 27, 2024
Page 2
Bitgo Custodial Service Agreement are allocated by the Sponsor, using its pro rata
methodology, to each of the Trust's series in existence at the occurrence of any such
expense.
The Offering
The Fund in General, page 35
3.You disclose that the Fund is the successor and surviving entity from the merger (the
“Merger”) into the Fund of Hashdex Bitcoin Futures ETF (the “Predecessor Fund”) that is
a series of the Teucrium Commodity Trust (the “Predecessor Trust”) sponsored by
Teucrium Trading, LLC (“Prior Sponsor”) that closed on January 3, 2024. Please enhance
your disclosures, consistent with your merger disclosures, that because Acquired Fund
shareholders will own one share of the Acquiring Fund interest for each share of the
Acquired Fund they owned prior to the Merger, the Acquiring Fund unaudited pro forma
equivalent data will be the same as the corresponding unaudited pro forma combined data
and therefore has not been presented.
Financial Statements, page F-1
4.Please include updated audited financial statements for both Tidal Commodities Trust I
and Hashdex Bitcoin Futures ETF, a series of the Teucrium Commodity Trust
(“Predecessor”) as of and for the period ended December 31, 2023. Refer to Rule 8-08 of
Regulation S-X.
            Please contact Kate Tillan at 202-551-3604 or Michelle Miller at 202-551-3368 if you
have questions regarding comments on the financial statements and related matters. Please
contact Sonia Bednarowski at 202-551-3666 or Justin Dobbie at 202-551-3469 with any other
questions.
Sincerely,
Division of Corporation Finance
Office of Crypto Assets