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    <isConfidential>false</isConfidential>
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          <ccc>XXXXXXXX</ccc>
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      <regCity>Milwaukee</regCity>
      <regStateConditional regCountry="US" regState="US-WI"/>
      <regZipOrPostalCode>53202</regZipOrPostalCode>
      <regPhone>414-516-1692</regPhone>
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      <seriesId>S000091625</seriesId>
      <seriesLei>5299007LUW10O4RHJ787</seriesLei>
      <repPdEnd>2026-12-31</repPdEnd>
      <repPdDate>2026-03-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
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      <totLiabs>474390665.310000000000</totLiabs>
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        </fundsDesignatedInfo>

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              <counterpartyName>Coinbase Derivatives</counterpartyName>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
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                <issuerName>XRP</issuerName>
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        </securityLending>
      </invstOrSec>
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        <fairValLevel>1</fairValLevel>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
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          <notClearedCentCparty isCleared="N">
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                <issuerName>XRP</issuerName>
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            <expDate>2026-04-24</expDate>
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        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-05-19</ncom:dateSigned>
      <ncom:nameOfApplicant>Listed Funds Trust</ncom:nameOfApplicant>
      <ncom:signature>/s/Travis Babich</ncom:signature>
      <ncom:signerName>Travis Babich</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
