Prospectus Filed Pursuant to Rule 424(b)(3) (424b3)
01 September 2022 - 10:35PM
Edgar (US Regulatory)
Filed pursuant to Rule 424(b)(3)
File No. 333-263425
PROSPECTUS SUPPLEMENT
(To Prospectus dated March 24, 2022, as supplemented)
Breakwave Dry Bulk Shipping ETF
This supplement is to the prospectus (the “Prospectus”)
of ETF Managers Group Commodity Trust I (the “Trust”) dated March 24, 2022, which relates to shares (the “Shares”)
issued by the Breakwave Dry Bulk Shipping ETF (the “Fund”), a series of the Trust. The Shares have previously been registered
under the Securities Act of 1933, as amended, on a registration statement bearing File No. 333-263425. Capitalized terms used but not
defined herein shall have the meanings assigned to them by the Prospectus. This Prospectus supplement should be read in its entirety and
kept together with your Prospectus for future reference.
* *
* * *
Effective immediately, the term of the Fund’s
Expense Cap has been extended through March 31, 2024.
In addition, effective immediately, Breakwave
may recoup any fees waived on or after September 1, 2022, pursuant to the Expense Cap; however, no repayment will be made if such repayment
causes the Fund’s Total Expenses after the repayment to exceed either (i) the Expense Cap in place at the time such amounts were
waived, or (ii) the Fund’s current Expense Cap. Such recoupment is limited to three years from the date the amount is initially
waived.
The date of this prospectus supplement is
September 1, 2022
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