This semi-annual shareholder report contains important information about the 2x Avalanche ETF (Consolidated) for the period of May 15, 2026, to August 31, 2026.

Additional Information [Text Block]

You can find additional information about the Fund at https://www.volatilityshares.com/avaz. You can also request this information by contacting us at 1 (866) 261-0273.

Additional Information Phone Number

1 (866) 261-0273

Additional Information Website

https://www.volatilityshares.com/avaz

Expenses [Text Block]

WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment)


Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment^,*
2x Avalanche ETF (Consolidated)	$90	4.16%

^[1],[2]

Expenses Paid, Amount

$ 90

Expense Ratio, Percent

4.16%

Net Assets

$ 439,058

Holdings Count | $ / shares

Advisory Fees Paid, Amount

$ 2,426

Investment Company Portfolio Turnover

0.00%

Additional Fund Statistics [Text Block]

KEY FUND STATISTICS (as of August 31, 2026)


Net Assets	$439,058
Number of Holdings	3
Net Advisory Fee	$2,426
Portfolio Turnover	0%

Holdings [Text Block]

WHAT DID THE FUND INVEST IN? (as of August 31, 2026)


Market Exposure*	%
AVAX Futures Sep 26	197.9


Top Holdings**	%
United States Treasury Bill	409.1
Reverse Repurchase Agreements	-404.7

^[3],[4]

Updated Prospectus Web Address

https://www.volatilityshares.com/avaz

2x Bitcoin ETF (Consolidated)

Shareholder Report [Line Items]

Fund Name

2x Bitcoin ETF (Consolidated)

Class Name

2x Bitcoin ETF (Consolidated)

Trading Symbol

BITX

Security Exchange Name

CBOE

Annual or Semi-Annual Statement [Text Block]

This semi-annual shareholder report contains important information about the 2x Bitcoin ETF (Consolidated) for the period of March 1, 2026, to August 31, 2026.

Additional Information [Text Block]

You can find additional information about the Fund at
https://www.volatilityshares.com/bitx. You can also request this information by contacting us at 1 (866) 261-0273.

Additional Information Phone Number

1 (866) 261-0273

Additional Information Website

https://www.volatilityshares.com/bitx

Expenses [Text Block]

WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment)


Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
2x Bitcoin ETF (Consolidated)	$152	2.66%

^[5]

Expenses Paid, Amount

$ 152

Expense Ratio, Percent

2.66%

Net Assets

$ 1,207,433,855

Holdings Count | $ / shares

Advisory Fees Paid, Amount

$ 9,388,657

Investment Company Portfolio Turnover

0.00%

Additional Fund Statistics [Text Block]

KEY FUND STATISTICS (as of August 31, 2026)


Net Assets	$1,207,433,855
Number of Holdings	4
Net Advisory Fee	$9,388,657
Portfolio Turnover	0%

Holdings [Text Block]

WHAT DID THE FUND INVEST IN? (as of August 31, 2026)


Market Exposure*	%
CME Bitcoin Futures Sep 26	168.3
CME Bitcoin Futures Oct 26	31.7


Top Holdings**	%
United States Treasury Bill	231.4
Reverse Repurchase Agreements	-228.9

^[6],[7]

Material Fund Change [Text Block]

MATERIAL FUND CHANGES

On or about June 26, 2026, the Fund changed its name to 2x Bitcoin ETF.

Material Fund Change Name [Text Block]

On or about June 26, 2026, the Fund changed its name to 2x Bitcoin ETF.

Updated Prospectus Web Address

https://www.volatilityshares.com/bitx

2x Cardano ETF (Consolidated)

Shareholder Report [Line Items]

Fund Name

2x Cardano ETF (Consolidated)

Class Name

2x Cardano ETF (Consolidated)

Trading Symbol

CRDX

Security Exchange Name

CBOE

Annual or Semi-Annual Statement [Text Block]

This semi-annual shareholder report contains important information about the 2x Cardano ETF (Consolidated) for the period of April 1, 2026, to August 31, 2026.

Additional Information [Text Block]

You can find additional information about the Fund at https://www.volatilityshares.com/crdx. You can also request this information by contacting us at 1 (866) 261-0273.

Additional Information Phone Number

1 (866) 261-0273

Additional Information Website

https://www.volatilityshares.com/crdx

Expenses [Text Block]

WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment)


Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment^,*
2x Cardano ETF (Consolidated)	$101	3.27%

^[8],[9]

Expenses Paid, Amount

$ 101

Expense Ratio, Percent

3.27%

Net Assets

$ 953,086

Holdings Count | $ / shares

Advisory Fees Paid, Amount

$ 6,341

Investment Company Portfolio Turnover

0.00%

Additional Fund Statistics [Text Block]

KEY FUND STATISTICS (as of August 31, 2026)


Net Assets	$953,086
Number of Holdings	3
Net Advisory Fee	$6,341
Portfolio Turnover	0%

Holdings [Text Block]

WHAT DID THE FUND INVEST IN? (as of August 31, 2026)


Market Exposure*	%
ADA Futures Sep 26	200.9


Top Holdings**	%
United States Treasury Bill	376.9
Reverse Repurchase Agreements	-372.8

^[10],[11]

Updated Prospectus Web Address

https://www.volatilityshares.com/crdx

2x Chainlink ETF (Consolidated)

Shareholder Report [Line Items]

Fund Name

2x Chainlink ETF (Consolidated)

Class Name

2x Chainlink ETF (Consolidated)

Trading Symbol

CHNU

Security Exchange Name

CBOE

Annual or Semi-Annual Statement [Text Block]

This semi-annual shareholder report contains important information about the 2x Chainlink ETF (Consolidated) for the period of April 1, 2026, to August 31, 2026.

Additional Information [Text Block]

You can find additional information about the Fund at https://www.volatilityshares.com/chnu. You can also request this information by contacting us at 1 (866) 261-0273.

Additional Information Phone Number

1 (866) 261-0273

Additional Information Website

https://www.volatilityshares.com/chnu

Expenses [Text Block]

WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment)


Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment^,*
2x Chainlink ETF (Consolidated)	$176	3.46%

^[12],[13]

Expenses Paid, Amount

$ 176

Expense Ratio, Percent

3.46%

Net Assets

$ 1,969,597

Holdings Count | $ / shares

Advisory Fees Paid, Amount

$ 7,742

Investment Company Portfolio Turnover

0.00%

Additional Fund Statistics [Text Block]

KEY FUND STATISTICS (as of August 31, 2026)


Net Assets	$1,969,597
Number of Holdings	3
Net Advisory Fee	$7,742
Portfolio Turnover	0%

Holdings [Text Block]

WHAT DID THE FUND INVEST IN? (as of August 31, 2026)


Market Exposure*	%
LINK Futures Sep 26	200.6


Top Holdings**	%
United States Treasury Bill	354.6
Reverse Repurchase Agreements	-350.8

^[14],[15]

Updated Prospectus Web Address

https://www.volatilityshares.com/chnu

2x Ether ETF (Consolidated)

Shareholder Report [Line Items]

Fund Name

2x Ether ETF (Consolidated)

Class Name

2x Ether ETF (Consolidated)

Trading Symbol

ETHU

Security Exchange Name

CBOE

Annual or Semi-Annual Statement [Text Block]

This semi-annual shareholder report contains important information about the 2x Ether ETF (Consolidated) for the period of March 1, 2026, to August 31, 2026.

Additional Information [Text Block]

You can find additional information about the Fund at
https://www.volatilityshares.com/ethu. You can also request this information by contacting us at 1 (866) 261-0273.

Additional Information Phone Number

1 (866) 261-0273

Additional Information Website

https://www.volatilityshares.com/ethu

Expenses [Text Block]

WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment)


Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
2x Ether ETF (Consolidated)	$174	2.92%

^[16]

Expenses Paid, Amount

$ 174

Expense Ratio, Percent

2.92%

Net Assets

$ 1,113,577,931

Holdings Count | $ / shares

Advisory Fees Paid, Amount

$ 7,821,877

Investment Company Portfolio Turnover

0.00%

Additional Fund Statistics [Text Block]

KEY FUND STATISTICS (as of August 31, 2026)


Net Assets	$1,113,577,931
Number of Holdings	5
Net Advisory Fee	$7,821,877
Portfolio Turnover	0%

Holdings [Text Block]

WHAT DID THE FUND INVEST IN? (as of August 31, 2026)


Market Exposure*	%
CME Ether Futures Sep 26	200.0


Top Holdings**	%
United States Treasury Bill	321.8
Reverse Repurchase Agreements	-317.2

^[17],[18]

Updated Prospectus Web Address

https://www.volatilityshares.com/ethu

2x Solana ETF (Consolidated)

Shareholder Report [Line Items]

Fund Name

2x Solana ETF (Consolidated)

Class Name

2x Solana ETF (Consolidated)

Trading Symbol

SOLT

Security Exchange Name

NASDAQ

Annual or Semi-Annual Statement [Text Block]

This semi-annual shareholder report contains important information about the 2x Solana ETF (Consolidated) for the period of March 1, 2026, to August 31, 2026.

Additional Information [Text Block]

You can find additional information about the Fund at
https://www.volatilityshares.com/solt. You can also request this information by contacting us at 1 (866) 261-0273.

Additional Information Phone Number

1 (866) 261-0273

Additional Information Website

https://www.volatilityshares.com/solt

Expenses [Text Block]

WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment)


Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
2x Solana ETF (Consolidated)	$177	3.03%

^[19]

Expenses Paid, Amount

$ 177

Expense Ratio, Percent

3.03%

Net Assets

$ 197,495,232

Holdings Count | $ / shares

Advisory Fees Paid, Amount

$ 1,317,661

Investment Company Portfolio Turnover

0.00%

Additional Fund Statistics [Text Block]

KEY FUND STATISTICS (as of August 31, 2026)


Net Assets	$197,495,232
Number of Holdings	3
Net Advisory Fee	$1,317,661
Portfolio Turnover	0%

Holdings [Text Block]

WHAT DID THE FUND INVEST IN? (as of August 31, 2026)


Market Exposure*	%
SOL Futures Sep 26	200.0


Top Holdings**	%
United States Treasury Bill	303.2
Reverse Repurchase Agreements	-299.9

^[20],[21]

Updated Prospectus Web Address

https://www.volatilityshares.com/solt

2x Stellar ETF (Consolidated)

Shareholder Report [Line Items]

Fund Name

2x Stellar ETF (Consolidated)

Class Name

2x Stellar ETF (Consolidated)

Trading Symbol

STLU

Security Exchange Name

CBOE

Annual or Semi-Annual Statement [Text Block]

This semi-annual shareholder report contains important information about the 2x Stellar ETF (Consolidated) for the period of April 1, 2026, to August 31, 2026.

Additional Information [Text Block]

You can find additional information about the Fund at https://www.volatilityshares.com/stlu. You can also request this information by contacting us at 1 (866) 261-0273.

Additional Information Phone Number

1 (866) 261-0273

Additional Information Website

https://www.volatilityshares.com/stlu

Expenses [Text Block]

WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment)


Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment^,*
2x Stellar ETF (Consolidated)	$165	4.36%

^[22],[23]

Expenses Paid, Amount

$ 165

Expense Ratio, Percent

4.36%

Net Assets

$ 1,790,116

Holdings Count | $ / shares

Advisory Fees Paid, Amount

$ 15,436

Investment Company Portfolio Turnover

0.00%

Additional Fund Statistics [Text Block]

KEY FUND STATISTICS (as of August 31, 2026)


Net Assets	$1,790,116
Number of Holdings	1
Net Advisory Fee	$15,436
Portfolio Turnover	0%

Holdings [Text Block]

WHAT DID THE FUND INVEST IN? (as of August 31, 2026)


Market Exposure*	%
Lumens Futures Sep 26	200.2

^[24]

Updated Prospectus Web Address

https://www.volatilityshares.com/stlu

2x Sui ETF (Consolidated)

Shareholder Report [Line Items]

Fund Name

2x Sui ETF (Consolidated)

Class Name

2x Sui ETF (Consolidated)

Trading Symbol

SUIL

Security Exchange Name

CBOE

Annual or Semi-Annual Statement [Text Block]

This semi-annual shareholder report contains important information about the 2x Sui ETF (Consolidated) for the period of May 15, 2026, to August 31, 2026.

Additional Information [Text Block]

You can find additional information about the Fund at https://www.volatilityshares.com/suil. You can also request this information by contacting us at 1 (866) 261-0273.

Additional Information Phone Number

1 (866) 261-0273

Additional Information Website

https://www.volatilityshares.com/suil

Expenses [Text Block]

WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment)


Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment^,*
2x Sui ETF (Consolidated)	$74	3.81%

^[25],[26]

Expenses Paid, Amount

$ 74

Expense Ratio, Percent

3.81%

Net Assets

$ 1,321,945

Holdings Count | $ / shares

Advisory Fees Paid, Amount

$ 4,439

Investment Company Portfolio Turnover

0.00%

Additional Fund Statistics [Text Block]

KEY FUND STATISTICS (as of August 31, 2026)


Net Assets	$1,321,945
Number of Holdings	3
Net Advisory Fee	$4,439
Portfolio Turnover	0%

Holdings [Text Block]

WHAT DID THE FUND INVEST IN? (as of August 31, 2026)


Market Exposure*	%
SUI Futures Sep 26	199.1


Top Holdings**	%
United States Treasury Bill	377.4
Reverse Repurchase Agreements	-373.3

^[27],[28]

Updated Prospectus Web Address

https://www.volatilityshares.com/suil

2x XRP ETF (Consolidated)

Shareholder Report [Line Items]

Fund Name

2x XRP ETF (Consolidated)

Class Name

2x XRP ETF (Consolidated)

Trading Symbol

XRPT

Security Exchange Name

NASDAQ

Annual or Semi-Annual Statement [Text Block]

This semi-annual shareholder report contains important information about the 2x XRP ETF (Consolidated) for the period of March 1, 2026, to August 31, 2026.

Additional Information [Text Block]

You can find additional information about the Fund at
https://www.volatilityshares.com/xrpt. You can also request this information by contacting us at 1 (866) 261-0273.

Additional Information Phone Number

1 (866) 261-0273

Additional Information Website

https://www.volatilityshares.com/xrpt

Expenses [Text Block]

WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment)


Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
2x XRP ETF (Consolidated)	$116	2.50%

^[29]

Expenses Paid, Amount

$ 116

Expense Ratio, Percent

2.50%

Net Assets

$ 88,213,441

Holdings Count | $ / shares

Advisory Fees Paid, Amount

$ 400,474

Investment Company Portfolio Turnover

0.00%

Additional Fund Statistics [Text Block]

KEY FUND STATISTICS (as of August 31, 2026)


Net Assets	$88,213,441
Number of Holdings	3
Net Advisory Fee	$400,474
Portfolio Turnover	0%

Holdings [Text Block]

WHAT DID THE FUND INVEST IN? (as of August 31, 2026)


Market Exposure*	%
CME XRP Futures Sep 26	200.0


Top Holdings**	%
United States Treasury Bill	362.0
Reverse Repurchase Agreements	-358.1

^[30],[31]

Material Fund Change [Text Block]

MATERIAL FUND CHANGES

Management Fee initial waiver period ended June 26, 2026, such that the Management Fee became 1.85%.

Material Fund Change Expenses [Text Block]

Management Fee initial waiver period ended June 26, 2026, such that the Management Fee became 1.85%.

Updated Prospectus Web Address

https://www.volatilityshares.com/xrpt

Cardano ETF (Consolidated)

Shareholder Report [Line Items]

Fund Name

Cardano ETF (Consolidated)

Class Name

Cardano ETF (Consolidated)

Trading Symbol

CRDD

Security Exchange Name

CBOE

Annual or Semi-Annual Statement [Text Block]

This semi-annual shareholder report contains important information about the Cardano ETF (Consolidated) for the period of April 1, 2026, to August 31, 2026.

Additional Information [Text Block]

You can find additional information about the Fund at https://www.volatilityshares.com/crdd. You can also request this information by contacting us at 1 (866) 261-0273.

Additional Information Phone Number

1 (866) 261-0273

Additional Information Website

https://www.volatilityshares.com/crdd

Expenses [Text Block]

WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment)


Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment^,*
Cardano ETF (Consolidated)	$59	1.60%

^[32],[33]

Expenses Paid, Amount

$ 59

Expense Ratio, Percent

1.60%

Net Assets

$ 910,885

Holdings Count | $ / shares

Advisory Fees Paid, Amount

$ 4,446

Investment Company Portfolio Turnover

0.00%

Additional Fund Statistics [Text Block]

KEY FUND STATISTICS (as of August 31, 2026)


Net Assets	$910,885
Number of Holdings	3
Net Advisory Fee	$4,446
Portfolio Turnover	0%

Holdings [Text Block]

WHAT DID THE FUND INVEST IN? (as of August 31, 2026)


Market Exposure*	%
ADA Futures Sep 26	100.7


Top Holdings**	%
United States Treasury Bill	131.5
Reverse Repurchase Agreements	-130.0

^[34],[35]

Updated Prospectus Web Address

https://www.volatilityshares.com/crdd

Chainlink ETF (Consolidated)

Shareholder Report [Line Items]

Fund Name

Chainlink ETF (Consolidated)

Class Name

Chainlink ETF (Consolidated)

Trading Symbol

CHNL

Security Exchange Name

CBOE

Annual or Semi-Annual Statement [Text Block]

This semi-annual shareholder report contains important information about the Chainlink ETF (Consolidated) for the period of April 1, 2026, to August 31, 2026.

Additional Information [Text Block]

You can find additional information about the Fund at https://www.volatilityshares.com/chnl. You can also request this information by contacting us at 1 (866) 261-0273.

Additional Information Phone Number

1 (866) 261-0273

Additional Information Website

https://www.volatilityshares.com/chnl

Expenses [Text Block]

WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment)


Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment^,*
Chainlink ETF (Consolidated)	$74	1.52%

^[36],[37]

Expenses Paid, Amount

$ 74

Expense Ratio, Percent

1.52%

Net Assets

$ 264,589

Holdings Count | $ / shares

Advisory Fees Paid, Amount

$ 3,724

Investment Company Portfolio Turnover

0.00%

Additional Fund Statistics [Text Block]

KEY FUND STATISTICS (as of August 31, 2026)


Net Assets	$264,589
Number of Holdings	3
Net Advisory Fee	$3,724
Portfolio Turnover	0%

Holdings [Text Block]

WHAT DID THE FUND INVEST IN? (as of August 31, 2026)


Market Exposure*	%
LINK Futures Sep 26	108.2


Top Holdings**	%
United States Treasury Bill	150.9
Reverse Repurchase Agreements	-149.2

^[38],[39]

Updated Prospectus Web Address

https://www.volatilityshares.com/chnl

Solana ETF (Consolidated)

Shareholder Report [Line Items]

Fund Name

Solana ETF (Consolidated)

Class Name

Solana ETF (Consolidated)

Trading Symbol

SOLZ

Security Exchange Name

NASDAQ

Annual or Semi-Annual Statement [Text Block]

This semi-annual shareholder report contains important information about the Solana ETF (Consolidated) for the period of March 1, 2026, to August 31, 2026.

Additional Information [Text Block]

You can find additional information about the Fund at
https://www.volatilityshares.com/solz. You can also request this information by contacting us at 1 (866) 261-0273.

Additional Information Phone Number

1 (866) 261-0273

Additional Information Website

https://www.volatilityshares.com/solz

Expenses [Text Block]

WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment)


Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
Solana ETF (Consolidated)	$83	1.46%

^[40]

Expenses Paid, Amount

$ 83

Expense Ratio, Percent

1.46%

Net Assets

$ 120,345,262

Holdings Count | $ / shares

Advisory Fees Paid, Amount

$ 482,302

Investment Company Portfolio Turnover

0.00%

Additional Fund Statistics [Text Block]

KEY FUND STATISTICS (as of August 31, 2026)


Net Assets	$120,345,262
Number of Holdings	3
Net Advisory Fee	$482,302
Portfolio Turnover	0%

Holdings [Text Block]

WHAT DID THE FUND INVEST IN? (as of August 31, 2026)


Market Exposure*	%
SOL Futures Sep 26	100.1


Top Holdings**	%
United States Treasury Bill	124.4
Reverse Repurchase Agreements	-123.0

^[41],[42]

Material Fund Change [Text Block]

MATERIAL FUND CHANGES

Management Fee initial waiver period ended June 30, 2026, such that the Management Fee became 1.15%.

Material Fund Change Expenses [Text Block]

Management Fee initial waiver period ended June 30, 2026, such that the Management Fee became 1.15%.

Updated Prospectus Web Address

https://www.volatilityshares.com/solz

Stellar ETF (Consolidated)

Shareholder Report [Line Items]

Fund Name

Stellar ETF (Consolidated)

Class Name

Stellar ETF (Consolidated)

Trading Symbol

STLR

Security Exchange Name

CBOE

Annual or Semi-Annual Statement [Text Block]

This semi-annual shareholder report contains important information about the Stellar ETF (Consolidated) for the period of April 1, 2026, to August 31, 2026.

Additional Information [Text Block]

You can find additional information about the Fund at https://www.volatilityshares.com/stlr. You can also request this information by contacting us at 1 (866) 261-0273.

Additional Information Phone Number

1 (866) 261-0273

Additional Information Website

https://www.volatilityshares.com/stlr

Expenses [Text Block]

WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment)


Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment^,*
Stellar ETF (Consolidated)	$81	1.90%

^[43],[44]

Expenses Paid, Amount

$ 81

Expense Ratio, Percent

1.90%

Net Assets

$ 1,240,316

Holdings Count | $ / shares

Advisory Fees Paid, Amount

$ 5,190

Investment Company Portfolio Turnover

0.00%

Additional Fund Statistics [Text Block]

KEY FUND STATISTICS (as of August 31, 2026)


Net Assets	$1,240,316
Number of Holdings	1
Net Advisory Fee	$5,190
Portfolio Turnover	0%

Holdings [Text Block]

WHAT DID THE FUND INVEST IN? (as of August 31, 2026)


Market Exposure*	%
Lumens Futures Sep 26	101.1

^[45]

Updated Prospectus Web Address

https://www.volatilityshares.com/stlr

Volatility Premium Plus ETF (Consolidated)

Shareholder Report [Line Items]

Fund Name

Volatility Premium Plus ETF (Consolidated)

Class Name

Volatility Premium Plus ETF (Consolidated)

Trading Symbol

ZVOL

Security Exchange Name

CBOE

Annual or Semi-Annual Statement [Text Block]

This semi-annual shareholder report contains important information about the Volatility Premium Plus ETF (Consolidated) for the period of March 1, 2026, to August 31, 2026.

Additional Information [Text Block]

You can find additional information about the Fund at
https://www.volatilityshares.com/zvol. You can also request this information by contacting us at 1 (866) 261-0273.

Additional Information Phone Number

1 (866) 261-0273

Additional Information Website

https://www.volatilityshares.com/zvol

Expenses [Text Block]

WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment)


Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
Volatility Premium Plus ETF (Consolidated)	$74	1.35%

^[46]

Expenses Paid, Amount

$ 74

Expense Ratio, Percent

1.35%

Net Assets

$ 16,784,238

Holdings Count | $ / shares

Advisory Fees Paid, Amount

$ 89,888

Investment Company Portfolio Turnover

0.00%

Additional Fund Statistics [Text Block]

KEY FUND STATISTICS (as of August 31, 2026)


Net Assets	$16,784,238
Number of Holdings	4
Net Advisory Fee	$89,888
Portfolio Turnover	0%

Holdings [Text Block]

WHAT DID THE FUND INVEST IN? (as of August 31, 2026)


Market Exposure*	%
CBOE VIX Futures Dec 26	16.5
CBOE VIX Futures Jan 27	33.2
CBOE VIX Futures Feb 27	34.0
CBOE VIX Futures Mar 27	16.3

^[47]

Updated Prospectus Web Address

https://www.volatilityshares.com/zvol

XRP ETF (Consolidated)

Shareholder Report [Line Items]

Fund Name

XRP ETF (Consolidated)

Class Name

XRP ETF (Consolidated)

Trading Symbol

XRPI

Security Exchange Name

NASDAQ

Annual or Semi-Annual Statement [Text Block]

This semi-annual shareholder report contains important information about the XRP ETF (Consolidated) for the period of March 1, 2026, to August 31, 2026.

Additional Information [Text Block]

You can find additional information about the Fund at
https://www.volatilityshares.com/xrpi. You can also request this information by contacting us at 1 (866) 261-0273.

Additional Information Phone Number

1 (866) 261-0273

Additional Information Website

https://www.volatilityshares.com/xrpi

Expenses [Text Block]

WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based on a hypothetical $10,000 investment)


Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment*
XRP ETF (Consolidated)	$74	1.47%

^[48]

Expenses Paid, Amount

$ 74

Expense Ratio, Percent

1.47%

Net Assets

$ 107,260,299

Holdings Count | $ / shares

Advisory Fees Paid, Amount

$ 511,510

Investment Company Portfolio Turnover

0.00%

Additional Fund Statistics [Text Block]

KEY FUND STATISTICS (as of August 31, 2026)


Net Assets	$107,260,299
Number of Holdings	3
Net Advisory Fee	$511,510
Portfolio Turnover	0%

Holdings [Text Block]

WHAT DID THE FUND INVEST IN? (as of August 31, 2026)


Market Exposure*	%
CME XRP Futures Sep 26	100.0


Top Holdings**	%
United States Treasury Bill	139.5
Reverse Repurchase Agreements	-138.0

^[49],[50]

Material Fund Change [Text Block]

MATERIAL FUND CHANGES

Management Fee initial waiver period ended June 26, 2026, such that the Management Fee became 1.15%.

Material Fund Change Expenses [Text Block]

Management Fee initial waiver period ended June 26, 2026, such that the Management Fee became 1.15%.

Updated Prospectus Web Address

https://www.volatilityshares.com/xrpi

[1]

**	Annualized

[2]

*	Amount shown reflects the expenses of the Fund from inception date through August 31, 2026. Expenses would be higher if the Fund had been in operation for the entire period of this report.

[3]

**	Investments reflect the market value as a percentage of net assets.

[4]

*	Investments reflect the notional value as a percentage of net assets.

[5]

*	Annualized

[6]

**	Investments reflect the market value as a percentage of net assets.

[7]

*	Investments reflect the notional value as a percentage of net assets.

[8]

**	Annualized

[9]

*	Amount shown reflects the expenses of the Fund from inception date through August 31, 2026. Expenses would be higher if the Fund had been in operation for the entire period of this report.

[10]

**	Investments reflect the market value as a percentage of net assets.

[11]

*	Investments reflect the notional value as a percentage of net assets.

[12]

**	Annualized

[13]

*	Amount shown reflects the expenses of the Fund from inception date through August 31, 2026. Expenses would be higher if the Fund had been in operation for the entire period of this report.

[14]

**	Investments reflect the market value as a percentage of net assets.

[15]

*	Investments reflect the notional value as a percentage of net assets.

[16]

*	Annualized

[17]

**	Investments reflect the market value as a percentage of net assets.

[18]

*	Investments reflect the notional value as a percentage of net assets.

[19]

*	Annualized

[20]

**	Investments reflect the market value as a percentage of net assets.

[21]

*	Investments reflect the notional value as a percentage of net assets.

[22]

**	Annualized

[23]

*	Amount shown reflects the expenses of the Fund from inception date through August 31, 2026. Expenses would be higher if the Fund had been in operation for the entire period of this report.

[24]

*	Investments reflect the notional value as a percentage of net assets.

[25]

**	Annualized

[26]

*	Amount shown reflects the expenses of the Fund from inception date through August 31, 2026. Expenses would be higher if the Fund had been in operation for the entire period of this report.

[27]

**	Investments reflect the market value as a percentage of net assets.

[28]

*	Investments reflect the notional value as a percentage of net assets.

[29]

*	Annualized

[30]

**	Investments reflect the market value as a percentage of net assets.

[31]

*	Investments reflect the notional value as a percentage of net assets.

[32]

**	Annualized

[33]

*	Amount shown reflects the expenses of the Fund from inception date through August 31, 2026. Expenses would be higher if the Fund had been in operation for the entire period of this report.

[34]

**	Investments reflect the market value as a percentage of net assets.

[35]

*	Investments reflect the notional value as a percentage of net assets.

[36]

**	Annualized

[37]

*	Amount shown reflects the expenses of the Fund from inception date through August 31, 2026. Expenses would be higher if the Fund had been in operation for the entire period of this report.

[38]

**	Investments reflect the market value as a percentage of net assets.

[39]

*	Investments reflect the notional value as a percentage of net assets.

[40]

*	Annualized

[41]

**	Investments reflect the market value as a percentage of net assets.

[42]

*	Investments reflect the notional value as a percentage of net assets.

[43]

**	Annualized

[44]

*	Amount shown reflects the expenses of the Fund from inception date through August 31, 2026. Expenses would be higher if the Fund had been in operation for the entire period of this report.

[45]

*	Investments reflect the notional value as a percentage of net assets.

[46]

*	Annualized

[47]

*	Investments reflect the notional value as a percentage of net assets.

[48]

*	Annualized

[49]

**	Investments reflect the market value as a percentage of net assets.

[50]

*	Investments reflect the notional value as a percentage of net assets.