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      <seriesName>AdvisorShares Managed Bitcoin Strategy ETF</seriesName>
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    </fundInfo>
    <invstOrSecs>
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        <name>ProShares Bitcoin Strategy ETF</name>
        <lei>5493004OXDRSMIZWPA26</lei>
        <title>ProShares Bitcoin Strategy ETF</title>
        <cusip>74347G440</cusip>
        <identifiers>
          <isin value="US74347G4405"/>
          <ticker value="BITO"/>
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        <balance>39152.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>454554.72000000</valUSD>
        <pctVal>87.96765363007</pctVal>
        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Valkyrie Bitcoin Strategy ETF</name>
        <lei>549300MWH27O1ZGIJ534</lei>
        <title>Valkyrie Bitcoin Strategy ETF</title>
        <cusip>91917A108</cusip>
        <identifiers>
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        <units>NS</units>
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        <pctVal>8.772413738649</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HSBC SECURITIES (USA) INC.</name>
        <lei>CYYGQCGNHMHPSMRL3R97</lei>
        <title>HSBC SECURITIES USA INC</title>
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        <identifiers>
          <other otherDesc="INTERNAL" value="3222440032"/>
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        <balance>69.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>69.00000000</valUSD>
        <pctVal>0.013353217629</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Repurchase</transCat>
          <notClearedCentCparty isCleared="N">
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            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>Y</isTriParty>
          <repurchaseRt>1.48000000</repurchaseRt>
          <maturityDt>2022-07-01</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>75.83656438</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>70.38000095</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>UST</invstCat>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="69.00000000" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees. The fund's inception date is 4/27/2022. The performance return presented is for a partial month." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2022-08-18</ncom:dateSigned>
      <ncom:nameOfApplicant>AdvisorShares Trust</ncom:nameOfApplicant>
      <ncom:signature>Dan Ahrens</ncom:signature>
      <ncom:signerName>Dan Ahrens</ncom:signerName>
      <ncom:title>Secretary and Treasurer</ncom:title>
    </signature>
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</edgarSubmission>
