<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/nport" xmlns:com="http://www.sec.gov/edgar/common" xmlns:ncom="http://www.sec.gov/edgar/nportcommon" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.sec.gov/edgar/nport eis_NPORT_Filer.xsd">
  <headerData>
    <submissionType>NPORT-P</submissionType>
    <isConfidential>false</isConfidential>
    <filerInfo>

      <filer>
        <issuerCredentials>
          <cik>0001771146</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>


      <seriesClassInfo>
        <seriesId>S000087772</seriesId>
        <classId>C000253732</classId>
      </seriesClassInfo>

    </filerInfo>
  </headerData>
  <formData>
    <genInfo>
      <regName>ETF Opportunities Trust</regName>
      <regFileNumber>811-23439</regFileNumber>
      <regCik>0001771146</regCik>
      <regLei>549300FWST5041130Z58</regLei>
      <regStreet1>8730 Stony Point Parkway</regStreet1>
      <regStreet2>Suite 205</regStreet2>
      <regCity>Richmond</regCity>
      <regStateConditional regCountry="US" regState="US-VA"/>
      <regZipOrPostalCode>23235</regZipOrPostalCode>
      <regPhone>804-267-7400</regPhone>
      <seriesName>T Rex 2X Long MSTR Daily Target ETF</seriesName>
      <seriesId>S000087772</seriesId>
      <seriesLei>254900PTLJ1UGQOID886</seriesLei>
      <repPdEnd>2025-08-31</repPdEnd>
      <repPdDate>2024-11-30</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
    <fundInfo>
      <totAssets>4776187850.17</totAssets>
      <totLiabs>1833851267.40</totLiabs>
      <netAssets>2942336582.77</netAssets>
      <assetsAttrMiscSec>0.00000000</assetsAttrMiscSec>
      <assetsInvested>0.00000000</assetsInvested>
      <amtPayOneYrBanksBorr>0.00000000</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0.00000000</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0.00000000</amtPayOneYrOthAffil>
      <amtPayOneYrOther>0.00000000</amtPayOneYrOther>
      <amtPayAftOneYrBanksBorr>0.00000000</amtPayAftOneYrBanksBorr>
      <amtPayAftOneYrCtrldComp>0.00000000</amtPayAftOneYrCtrldComp>
      <amtPayAftOneYrOthAffil>0.00000000</amtPayAftOneYrOthAffil>
      <amtPayAftOneYrOther>0.00000000</amtPayAftOneYrOther>
      <delayDeliv>0.00000000</delayDeliv>
      <standByCommit>0.00000000</standByCommit>
      <liquidPref>0.00000000</liquidPref>
      <cshNotRptdInCorD>454324106.74000000</cshNotRptdInCorD>
      <isNonCashCollateral>N</isNonCashCollateral>
      <returnInfo>
        <monthlyTotReturns>
          <monthlyTotReturn classId="C000253732" rtn1="0" rtn2="91.88000000" rtn3="107.64000000"/>
        </monthlyTotReturns>
        <monthlyReturnCats>
          <equityContracts>
            <mon1 netRealizedGain="54698.99000000" netUnrealizedAppr="16447441.59000000"/>
            <mon2 netRealizedGain="28467779.27000000" netUnrealizedAppr="286693725.53000000"/>
            <mon3 netRealizedGain="473249805.67000000" netUnrealizedAppr="554201696.86000000"/>
            <optionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="773073.25000000" netUnrealizedAppr="1233241.35000000"/>
              <instrMon3 netRealizedGain="255887034.27000000" netUnrealizedAppr="-295344542.42000000"/>
            </optionCategory>
            <swapCategory>
              <instrMon1 netRealizedGain="54698.99000000" netUnrealizedAppr="16447441.59000000"/>
              <instrMon2 netRealizedGain="27694706.02000000" netUnrealizedAppr="285460484.18000000"/>
              <instrMon3 netRealizedGain="217362771.40000000" netUnrealizedAppr="849546239.28000000"/>
            </swapCategory>
          </equityContracts>
        </monthlyReturnCats>
        <othMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
        <othMon2 netRealizedGain="17426829.11000000" netUnrealizedAppr="0.00000000"/>
        <othMon3 netRealizedGain="77262542.97000000" netUnrealizedAppr="33727600.00000000"/>
      </returnInfo>
      <mon1Flow redemption="0.00000000" reinvestment="0.00000000" sales="74717660.23000000"/>
      <mon2Flow redemption="154860916.27" reinvestment="0.00000000" sales="543184098.95"/>
      <mon3Flow redemption="289768276.82000000" reinvestment="0.00000000" sales="1374071629.48000000"/>

      <varInfo>

        <fundsDesignatedInfo>
          <nameDesignatedIndex>BITA TACTICAL BLOCKCHAIN</nameDesignatedIndex>
          <indexIdentifier>N/A</indexIdentifier>

        </fundsDesignatedInfo>

      </varInfo>
    </fundInfo>
    <invstOrSecs>
      <invstOrSec>
        <name>MICROSTRATEGY INCORPORATED</name>
        <lei>549300WQTWEJUEHXQX21</lei>
        <title>MICROSTRATEGY INC CALL OPTION</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="MSTR"/>
        </identifiers>
        <balance>8576.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>103023488.00000000</valUSD>
        <pctVal>3.501417499387</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Equity Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>CBOE GLOBAL MARKETS, INC.</counterpartyName>
              <counterpartyLei>529900RLNSGA90UPEH54</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>MICROSTRATEGY INCORPORATED</issuerName>
                <issueTitle>MICROSTRATEGY INC CALL OPTION</issueTitle>
                <identifiers>
                  <cusip value="594972408"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>8576.00000000</shareNo>
            <exercisePrice>320.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2025-01-17</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-19900350.72000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MICROSTRATEGY INCORPORATED</name>
        <lei>549300WQTWEJUEHXQX21</lei>
        <title>MICROSTRATEGY INC CALL OPTION</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="MSTR"/>
        </identifiers>
        <balance>5606.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>18667980.00000000</valUSD>
        <pctVal>0.634461064356</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Equity Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>CBOE GLOBAL MARKETS, INC.</counterpartyName>
              <counterpartyLei>529900RLNSGA90UPEH54</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>MICROSTRATEGY INCORPORATED</issuerName>
                <issueTitle>MICROSTRATEGY INC CALL OPTION</issueTitle>
                <identifiers>
                  <cusip value="594972408"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>5606.00000000</shareNo>
            <exercisePrice>470.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2024-12-20</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-52077721.84000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MICROSTRATEGY INCORPORATED</name>
        <lei>549300WQTWEJUEHXQX21</lei>
        <title>MICROSTRATEGY INC CALL OPTION</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="MSTR"/>
        </identifiers>
        <balance>10000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>115550000.00000000</valUSD>
        <pctVal>3.927150981864</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Equity Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>CBOE GLOBAL MARKETS, INC.</counterpartyName>
              <counterpartyLei>529900RLNSGA90UPEH54</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>MICROSTRATEGY INCORPORATED</issuerName>
                <issueTitle>MICROSTRATEGY INC CALL OPTION</issueTitle>
                <identifiers>
                  <cusip value="594972408"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>10000.00000000</shareNo>
            <exercisePrice>300.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2024-12-27</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-31618100.00000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MICROSTRATEGY INCORPORATED</name>
        <lei>549300WQTWEJUEHXQX21</lei>
        <title>MICROSTRATEGY INC CALL OPTION</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="MSTR"/>
        </identifiers>
        <balance>1701.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>1746927.00000000</valUSD>
        <pctVal>0.059372099379</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Equity Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>CBOE GLOBAL MARKETS, INC.</counterpartyName>
              <counterpartyLei>529900RLNSGA90UPEH54</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>MICROSTRATEGY INCORPORATED</issuerName>
                <issueTitle>MICROSTRATEGY INC CALL OPTION</issueTitle>
                <identifiers>
                  <cusip value="594972408"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>1701.00000000</shareNo>
            <exercisePrice>470.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2024-12-06</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-14343104.16000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MICROSTRATEGY INCORPORATED</name>
        <lei>549300WQTWEJUEHXQX21</lei>
        <title>MICROSTRATEGY INC CALL OPTION</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="MSTR"/>
        </identifiers>
        <balance>5055.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>86946000.00000000</valUSD>
        <pctVal>2.954998435907</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Equity Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>CBOE GLOBAL MARKETS, INC.</counterpartyName>
              <counterpartyLei>529900RLNSGA90UPEH54</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>MICROSTRATEGY INCORPORATED</issuerName>
                <issueTitle>MICROSTRATEGY INC CALL OPTION</issueTitle>
                <identifiers>
                  <cusip value="594972408"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>5055.00000000</shareNo>
            <exercisePrice>220.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2024-12-20</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-34950775.50000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MSTU TRS MSTR EQ</name>
        <lei>N/A</lei>
        <title>MSTU TRS MSTR EQ</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal" value="59497MSTU"/>
        </identifiers>
        <balance>3056659.0000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>1184363662.73</valUSD>
        <pctVal>40.25248741648</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Total Return Swap" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>CLEAR STREET</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>MSTU TRS MSTR EQ</issuerName>
                <issueTitle>MSTU TRS MSTR EQ</issueTitle>
                <identifiers>
                  <cusip value="594972408"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">MSTU TRS MSTR EQ</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="OBFR01" floatingRtSpread="0" pmntAmt="0">
              <rtResetTenors>
                <rtResetTenor rateTenor="Year" rateTenorUnit="1" resetDt="Year" resetDtUnit="1"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2026-10-20</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>0.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>1184363662.73</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MSTU TRS MSTR EQ</name>
        <lei>N/A</lei>
        <title>MSTU TRS MSTR EQ</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal" value="594MSTUM3"/>
        </identifiers>
        <balance>549131.0000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>212771788.57</valUSD>
        <pctVal>7.231388475946</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Total Return Swap" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>MAREX PRIME SERVICES</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>MSTU TRS MSTR EQ</issuerName>
                <issueTitle>MSTU TRS MSTR EQ</issueTitle>
                <identifiers>
                  <cusip value="594972408"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">MSTU TRS MSTR EQ</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="OBFR01" floatingRtSpread="0.00000000" pmntAmt="0">
              <rtResetTenors>
                <rtResetTenor rateTenor="Year" rateTenorUnit="1" resetDt="Year" resetDtUnit="1"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2025-12-31</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>0.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>212771788.57</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MICROSTRATEGY INCORPORATED</name>
        <lei>549300WQTWEJUEHXQX21</lei>
        <title>MICROSTRATEGY INC CALL OPTION</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="MSTR"/>
        </identifiers>
        <balance>5055.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>80652525.00000000</valUSD>
        <pctVal>2.741104653773</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Equity Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>CBOE GLOBAL MARKETS, INC.</counterpartyName>
              <counterpartyLei>529900RLNSGA90UPEH54</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>MICROSTRATEGY INCORPORATED</issuerName>
                <issueTitle>MICROSTRATEGY INC CALL OPTION</issueTitle>
                <identifiers>
                  <cusip value="594972408"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>5055.00000000</shareNo>
            <exercisePrice>240.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2024-12-27</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-19499157.00000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MSTU TRS MSTR EQ</name>
        <lei>N/A</lei>
        <title>MSTU TRS MSTR EQ</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal" value="59497MSTU"/>
        </identifiers>
        <balance>-608528483.60860000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-608528483.60000000</valUSD>
        <pctVal>-20.6818107473</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Total Return Swap" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>CLEAR STREET</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>MSTU TRS MSTR EQ</issuerName>
                <issueTitle>MSTU TRS MSTR EQ</issueTitle>
                <identifiers>
                  <other otherDesc="OTHER" value="59497MSTU"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">MSTU TRS MSTR EQ</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="OBFR01" floatingRtSpread="16" pmntAmt="12829371.52">
              <rtResetTenors>
                <rtResetTenor rateTenor="Year" rateTenorUnit="1" resetDt="Year" resetDtUnit="1"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2026-10-20</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>598813468</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-608528483.60000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MICROSTRATEGY INCORPORATED</name>
        <lei>549300WQTWEJUEHXQX21</lei>
        <title>MICROSTRATEGY INC CALL OPTION</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="MSTR"/>
        </identifiers>
        <balance>9500.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>50017500.00000000</valUSD>
        <pctVal>1.699924484944</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Equity Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>CBOE GLOBAL MARKETS, INC.</counterpartyName>
              <counterpartyLei>529900RLNSGA90UPEH54</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>MICROSTRATEGY INCORPORATED</issuerName>
                <issueTitle>MICROSTRATEGY INC CALL OPTION</issueTitle>
                <identifiers>
                  <cusip value="594972408"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>9500.00000000</shareNo>
            <exercisePrice>350.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2024-12-06</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-9095680.00000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MSTU TRS MSTR EQ</name>
        <lei>N/A</lei>
        <title>MSTU TRS MSTR EQ</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal" value="594MSTUR2"/>
        </identifiers>
        <balance>-907174364.68890000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-907174364.68000000</valUSD>
        <pctVal>-30.8317671741</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Total Return Swap" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>CF Secured</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>MSTU TRS MSTR EQ</issuerName>
                <issueTitle>MSTU TRS MSTR EQ</issueTitle>
                <identifiers>
                  <cusip value="594MSTUR2"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">MSTU TRS MSTR EQ</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="OBFR01" floatingRtSpread="0.00000000" pmntAmt="0">
              <rtResetTenors>
                <rtResetTenor rateTenor="Year" rateTenorUnit="1" resetDt="Year" resetDtUnit="1"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2025-07-10</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>11622225.94</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-907174364.68000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MICROSTRATEGY INCORPORATED</name>
        <lei>549300WQTWEJUEHXQX21</lei>
        <title>MICROSTRATEGY INC CALL OPTION</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="MSTR"/>
        </identifiers>
        <balance>7000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>54635000.00000000</valUSD>
        <pctVal>1.856857584544</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Equity Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>CBOE GLOBAL MARKETS, INC.</counterpartyName>
              <counterpartyLei>529900RLNSGA90UPEH54</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>MICROSTRATEGY INCORPORATED</issuerName>
                <issueTitle>MICROSTRATEGY INC CALL OPTION</issueTitle>
                <identifiers>
                  <cusip value="594972408"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>7000.00000000</shareNo>
            <exercisePrice>350.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2024-12-20</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-2888830.00000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MSTU TRS MSTR EQ</name>
        <lei>N/A</lei>
        <title>MSTU TRS MSTR EQ</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal" value="594MSTUM3"/>
        </identifiers>
        <balance>-194222143.39000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-194222143.39000000</valUSD>
        <pctVal>-6.60094920911</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Total Return Swap" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>MAREX PRIME SERVICES</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>MSTU TRS MSTR EQ</issuerName>
                <issueTitle>MSTU TRS MSTR EQ</issueTitle>
                <identifiers>
                  <cusip value="594MSTUM3"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">MSTU TRS MSTR EQ</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="OBFR01" floatingRtSpread="10" pmntAmt="228966.09">
              <rtResetTenors>
                <rtResetTenor rateTenor="Year" rateTenorUnit="1" resetDt="Year" resetDtUnit="1"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2025-12-31</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>212771788.6</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-194222143.39000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MICROSTRATEGY INCORPORATED</name>
        <lei>549300WQTWEJUEHXQX21</lei>
        <title>MICROSTRATEGY INC CALL OPTION</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="MSTR"/>
        </identifiers>
        <balance>1795.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>6542775.00000000</valUSD>
        <pctVal>0.222366640115</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Equity Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>CBOE GLOBAL MARKETS, INC.</counterpartyName>
              <counterpartyLei>529900RLNSGA90UPEH54</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>MICROSTRATEGY INCORPORATED</issuerName>
                <issueTitle>MICROSTRATEGY INC CALL OPTION</issueTitle>
                <identifiers>
                  <cusip value="594972408"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>1795.00000000</shareNo>
            <exercisePrice>460.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2024-12-20</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-12718382.75000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MICROSTRATEGY INCORPORATED</name>
        <lei>549300WQTWEJUEHXQX21</lei>
        <title>MICROSTRATEGY INC</title>
        <cusip>594972408</cusip>
        <identifiers>
          <isin value="US5949724083"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>387470000.00000000</valUSD>
        <pctVal>13.16878572862</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MICROSTRATEGY INCORPORATED</name>
        <lei>549300WQTWEJUEHXQX21</lei>
        <title>MICROSTRATEGY INC CALL OPTION</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="MSTR"/>
        </identifiers>
        <balance>11400.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>106225200.00000000</valUSD>
        <pctVal>3.610232786488</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Equity Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>CBOE GLOBAL MARKETS, INC.</counterpartyName>
              <counterpartyLei>529900RLNSGA90UPEH54</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>MICROSTRATEGY INCORPORATED</issuerName>
                <issueTitle>MICROSTRATEGY INC CALL OPTION</issueTitle>
                <identifiers>
                  <cusip value="594972408"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>11400.00000000</shareNo>
            <exercisePrice>350.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2025-01-03</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>18439272.00000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MICROSTRATEGY INCORPORATED</name>
        <lei>549300WQTWEJUEHXQX21</lei>
        <title>MICROSTRATEGY INC CALL OPTION</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="MSTR"/>
        </identifiers>
        <balance>8369.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>77053383.00000000</valUSD>
        <pctVal>2.618782074464</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Equity Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>CBOE GLOBAL MARKETS, INC.</counterpartyName>
              <counterpartyLei>529900RLNSGA90UPEH54</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>MICROSTRATEGY INCORPORATED</issuerName>
                <issueTitle>MICROSTRATEGY INC CALL OPTION</issueTitle>
                <identifiers>
                  <cusip value="594972408"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>8369.00000000</shareNo>
            <exercisePrice>300.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2024-12-06</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-4307971.00000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MICROSTRATEGY INCORPORATED</name>
        <lei>549300WQTWEJUEHXQX21</lei>
        <title>MICROSTRATEGY INC CALL OPTION</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="MSTR"/>
        </identifiers>
        <balance>6500.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>108797000.00000000</valUSD>
        <pctVal>3.697639509942</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Equity Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>CBOE GLOBAL MARKETS, INC.</counterpartyName>
              <counterpartyLei>529900RLNSGA90UPEH54</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>MICROSTRATEGY INCORPORATED</issuerName>
                <issueTitle>MICROSTRATEGY INC CALL OPTION</issueTitle>
                <identifiers>
                  <cusip value="594972408"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>6500.00000000</shareNo>
            <exercisePrice>225.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2024-12-13</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-70473195.00000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MICROSTRATEGY INCORPORATED</name>
        <lei>549300WQTWEJUEHXQX21</lei>
        <title>MICROSTRATEGY INC CALL OPTION</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="MSTR"/>
        </identifiers>
        <balance>3000.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>39129000.00000000</valUSD>
        <pctVal>1.329861451920</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Equity Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>CBOE GLOBAL MARKETS, INC.</counterpartyName>
              <counterpartyLei>529900RLNSGA90UPEH54</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>MICROSTRATEGY INCORPORATED</issuerName>
                <issueTitle>MICROSTRATEGY INC CALL OPTION</issueTitle>
                <identifiers>
                  <cusip value="594972408"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>3000.00000000</shareNo>
            <exercisePrice>300.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2025-01-17</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-7363410.00000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MICROSTRATEGY INCORPORATED</name>
        <lei>549300WQTWEJUEHXQX21</lei>
        <title>MICROSTRATEGY INC CALL OPTION</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="MSTR"/>
        </identifiers>
        <balance>6445.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>101702100.00000000</valUSD>
        <pctVal>3.456508021398</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Equity Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>CBOE GLOBAL MARKETS, INC.</counterpartyName>
              <counterpartyLei>529900RLNSGA90UPEH54</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>MICROSTRATEGY INCORPORATED</issuerName>
                <issueTitle>MICROSTRATEGY INC CALL OPTION</issueTitle>
                <identifiers>
                  <cusip value="594972408"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>6445.00000000</shareNo>
            <exercisePrice>235.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2024-12-13</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-33313895.10000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MSTU TRS MSTR EQ</name>
        <lei>N/A</lei>
        <title>MSTU TRS MSTR EQ</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal" value="594MSTUR2"/>
        </identifiers>
        <balance>3778986.0000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>1464243705.42</valUSD>
        <pctVal>49.76465690548</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Total Return Swap" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>CF Secured</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>MSTU TRS MSTR EQ</issuerName>
                <issueTitle>MSTU TRS MSTR EQ</issueTitle>
                <identifiers>
                  <cusip value="594972408"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">MSTU TRS MSTR EQ</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="OBFR01" floatingRtSpread="0" pmntAmt="0">
              <rtResetTenors>
                <rtResetTenor rateTenor="Year" rateTenorUnit="1" resetDt="Year" resetDtUnit="1"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2025-07-10</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>0</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>1464243705.42</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2024-12-30</ncom:dateSigned>
      <ncom:nameOfApplicant>ETF Opportunities Trust</ncom:nameOfApplicant>
      <ncom:signature>Karen Shupe</ncom:signature>
      <ncom:signerName>Karen Shupe</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
