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            <pricingServiceName>Bloomberg L.P.</pricingServiceName>
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            <adminName>Tidal ETF Services, LLC</adminName>
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          <principalTransaction>
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        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
        <liquidityClassifications>
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            <liquidityName>ICE DATA PRICING &amp; REFERENCE DATA, LLC</liquidityName>
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            <assetClassType>Short-term investment vehicle</assetClassType>
            <assetClassType>Debt</assetClassType>
            <assetClassType>ABS-mortgage backed security</assetClassType>
            <assetClassType>ABS-collateralized bond/debt obligation</assetClassType>
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      <managementInvestmentQuestion>
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        <numTerminatedClass>0</numTerminatedClass>
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        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
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        <netIncomeSecuritiesLending>N/A</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
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          <relyOnRuleType>Rule 6c-11 (17 CFR 270.6c-11)</relyOnRuleType>
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        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
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            <adminName>Tidal ETF Services LLC</adminName>
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          <broker>
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          <broker>
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            <grossCommission>191.000000000000</grossCommission>
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          <broker>
            <brokerName>NATIONAL FINANCIAL SERVICES LLC</brokerName>
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        </brokers>
        <aggregateCommission>7693.000000000000</aggregateCommission>
        <principalAggregatePurchase>0.000000000000</principalAggregatePurchase>
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        <mnthlyAvgNetAssets>61439337.000000000000</mnthlyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
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        <isSwingPricing>N</isSwingPricing>
        <liquidityClassifications>
          <liquidityClassificationService>
            <liquidityName>ICE DATA PRICING &amp; REFERENCE DATA, LLC</liquidityName>
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            <isAffiliatedPerson>N</isAffiliatedPerson>
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            <assetClassType>Real estate</assetClassType>
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      <managementInvestmentQuestion>
        <mgmtInvFundName>Madison Aggregate Bond ETF</mgmtInvFundName>
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        <sharesOutstandings>
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        <fundTypes>
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        <isFundSecuritiesLending>N</isFundSecuritiesLending>
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        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>N/A</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>N/A</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
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        <isExpenseLimitationInPlace>N</isExpenseLimitationInPlace>
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        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
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        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>ICE Data Pricing &amp; Reference Data, LLC</pricingServiceName>
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          <pricingService>
            <pricingServiceName>Bloomberg L.P.</pricingServiceName>
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          <pricingService>
            <pricingServiceName>Markit Group Limited</pricingServiceName>
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            <pricingServiceName>PricingDirect Inc.</pricingServiceName>
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        <admins>
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            <adminName>Tidal ETF Services, LLC</adminName>
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    <attachmentsTab>
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    <signature registrantSignedName="Madison ETFs Trust" signedDate="2026-09-09" signature="/s/ Greg D Hoppe" title="Chief Financial Officer"/>
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</edgarSubmission>
