<?xml version="1.0" encoding="UTF-8"?>
<edgarSubmission xmlns:com="http://www.sec.gov/edgar/common" xmlns="http://www.sec.gov/edgar/ncen">
  <schemaVersion>X0505</schemaVersion>
  <headerData>
    <submissionType>N-CEN</submissionType>
    <filerInfo>
      <liveTestFlag>LIVE</liveTestFlag>
      <filer>
        <issuerCredentials>
          <cik>0001884021</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>
      <flags>
        <overrideInternetFlag>false</overrideInternetFlag>
        <confirmingCopyFlag>false</confirmingCopyFlag>
      </flags>
      <investmentCompanyType>N-1A</investmentCompanyType>
    </filerInfo>
    <seriesClass>
      <reportSeriesClass>
        <rptSeriesClassInfo>
          <seriesId>S000079790</seriesId>
          <includeAllClassesFlag>true</includeAllClassesFlag>
        </rptSeriesClassInfo>
        <rptSeriesClassInfo>
          <seriesId>S000080610</seriesId>
          <includeAllClassesFlag>true</includeAllClassesFlag>
        </rptSeriesClassInfo>
        <rptSeriesClassInfo>
          <seriesId>S000089076</seriesId>
          <includeAllClassesFlag>true</includeAllClassesFlag>
        </rptSeriesClassInfo>
        <rptSeriesClassInfo>
          <seriesId>S000082325</seriesId>
          <includeAllClassesFlag>true</includeAllClassesFlag>
        </rptSeriesClassInfo>
        <rptSeriesClassInfo>
          <seriesId>S000089074</seriesId>
          <includeAllClassesFlag>true</includeAllClassesFlag>
        </rptSeriesClassInfo>
        <rptSeriesClassInfo>
          <seriesId>S000090387</seriesId>
          <includeAllClassesFlag>true</includeAllClassesFlag>
        </rptSeriesClassInfo>
        <rptSeriesClassInfo>
          <seriesId>S000090391</seriesId>
          <includeAllClassesFlag>true</includeAllClassesFlag>
        </rptSeriesClassInfo>
        <rptSeriesClassInfo>
          <seriesId>S000091119</seriesId>
          <includeAllClassesFlag>true</includeAllClassesFlag>
        </rptSeriesClassInfo>
        <rptSeriesClassInfo>
          <seriesId>S000091118</seriesId>
          <includeAllClassesFlag>true</includeAllClassesFlag>
        </rptSeriesClassInfo>
        <rptSeriesClassInfo>
          <seriesId>S000092516</seriesId>
          <includeAllClassesFlag>true</includeAllClassesFlag>
        </rptSeriesClassInfo>
        <rptSeriesClassInfo>
          <seriesId>S000092517</seriesId>
          <includeAllClassesFlag>true</includeAllClassesFlag>
        </rptSeriesClassInfo>
      </reportSeriesClass>
    </seriesClass>
  </headerData>
  <formData>
    <generalInfo reportEndingPeriod="2026-02-28" isReportPeriodLt12="Y"/>
    <registrantInfo>
      <registrantFullName>VOLATILITY SHARES TRUST</registrantFullName>
      <investmentCompFileNo>811-23785</investmentCompFileNo>
      <registrantCik>0001884021</registrantCik>
      <registrantLei>54930004NGKHU04MBA84</registrantLei>
      <registrantstreet1>2000 PGA Blvd</registrantstreet1>
      <registrantstreet2>Suite 4440</registrantstreet2>
      <registrantcity>Palm Beach Gardens </registrantcity>
      <registrantzipCode>33408</registrantzipCode>
      <registrantstate>US-FL</registrantstate>
      <registrantcountry>US</registrantcountry>
      <registrantphoneNumber>18662610273</registrantphoneNumber>
      <websites>
        <website webpage="https://www.volatilityshares.com/"/>
      </websites>
      <locationBooksRecords>
        <locationBooksRecord>
          <officeName>Volatility Shares LLC</officeName>
          <officeAddress1>2000 PGA Blvd</officeAddress1>
          <officeAddress2>Suite 4440</officeAddress2>
          <officeCity>Palm Beach Gardens </officeCity>
          <officeStateCountry officeState="US-FL" officeCountry="US"/>
          <officeRecordsZipCode>33408</officeRecordsZipCode>
          <officePhone>18662610273</officePhone>
          <booksRecordsDesc>Maintains the Registrants organizational documents, minutes of meetings, contracts of the Registrant and all advisory material of the investment adviser.</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>U.S. Bancorp Fund Services, LLC</officeName>
          <officeAddress1>615 East Michigan Street</officeAddress1>
          <officeCity>Milwaukee</officeCity>
          <officeStateCountry officeState="US-WI" officeCountry="US"/>
          <officeRecordsZipCode>53202</officeRecordsZipCode>
          <officePhone>18336121912</officePhone>
          <booksRecordsDesc>Maintains the Registrants organizational documents, minutes of meetings, contracts of the Registrant and all advisory material of the investment adviser.</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>U.S. Bank National Association</officeName>
          <officeAddress1>1555 N. Rivercenter Drive</officeAddress1>
          <officeAddress2>Suite 302</officeAddress2>
          <officeCity>Milwaukee</officeCity>
          <officeStateCountry officeState="US-WI" officeCountry="US"/>
          <officeRecordsZipCode>53212</officeRecordsZipCode>
          <officePhone>18336121912</officePhone>
          <booksRecordsDesc>Maintains the Registrants organizational documents, minutes of meetings, contracts of the Registrant and all advisory material of the investment adviser.</booksRecordsDesc>
        </locationBooksRecord>
      </locationBooksRecords>
      <isRegistrantFirstFiling>N</isRegistrantFirstFiling>
      <isRegistrantLastFiling>N</isRegistrantLastFiling>
      <registrantFamilyInvComp isRegistrantFamilyInvComp="Y" familyInvCompFullName="Volatility Shares Trust"/>
      <registrantClassificationType>N-1A</registrantClassificationType>
      <totalSeries>9</totalSeries>
      <terminatedSeries>
        <terminatedSeriesInfo seriesName="2x Corn ETF" seriesId="S000089076" terminationDate="01/2026"/>
        <terminatedSeriesInfo seriesName="2x Wheat ETF" seriesId="S000089074" terminationDate="01/2026"/>
      </terminatedSeries>
      <isSecuritiesActRegistration>Y</isSecuritiesActRegistration>
      <directors>
        <director>
          <directorName>Stephen Yu</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="N/A"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Anthony Ward</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="N/A"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Anthony Homsey</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="N/A"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Justin Young</directorName>
          <crdNumber>005583788</crdNumber>
          <isDirectorInterestedPerson>Y</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="N/A"/>
          </fileNumbers>
        </director>
      </directors>
      <chiefComplianceOfficers>
        <chiefComplianceOfficer>
          <ccoName>Chang Kim</ccoName>
          <crdNumber>006984341</crdNumber>
          <ccoStreet1>2000 PGA Blvd</ccoStreet1>
          <ccoStreet2>Suite 4440</ccoStreet2>
          <ccoCity>Palm Beach Gardens </ccoCity>
          <ccoStateCountry ccoState="US-FL" ccoCountry="US"/>
          <ccoZipCode>33408</ccoZipCode>
          <ccoPhone>XXXXXX</ccoPhone>
          <isCcoChangedSinceLastFiling>N</isCcoChangedSinceLastFiling>
          <ccoEmployers>
            <ccoEmployer ccoEmployerName="N/A" ccoEmployerId="N/A"/>
          </ccoEmployers>
        </chiefComplianceOfficer>
      </chiefComplianceOfficers>
      <isRegistrantSubmittedMatter>N</isRegistrantSubmittedMatter>
      <isPreviousLegalProceeding>N</isPreviousLegalProceeding>
      <isPreviousProceedingTerminated>N</isPreviousProceedingTerminated>
      <isClaimFiled>N</isClaimFiled>
      <coveredByInsurancePolicy isCoveredByInsurancePolicy="Y" isClaimFiledDuringPeriod="N"/>
      <isFinancialSupportDuringPeriod>N</isFinancialSupportDuringPeriod>
      <releaseNumbers isExemptionFromAct="Y">
        <releaseNumberInfo releaseNumber="IC-33897"/>
        <releaseNumberInfo releaseNumber="IC-3487110"/>
      </releaseNumbers>
      <principalUnderwriters>
        <principalUnderwriter>
          <principalUnderwriterName>Foreside Fund Services, LLC</principalUnderwriterName>
          <principalUnderwriterFileNumber>8-51293</principalUnderwriterFileNumber>
          <principalUnderwriterCrdNumber>000046106</principalUnderwriterCrdNumber>
          <principalUnderwriterLei>254900I9MBNZITP8G247</principalUnderwriterLei>
          <principalUnderwriterRssdId>N/A</principalUnderwriterRssdId>
          <principalUnderWriterStateCountry principalUnderWriterState="US-ME" principalUnderWriterCountry="US"/>
          <isPrincipalUnderwriterAffiliatedWithRegistrant>N</isPrincipalUnderwriterAffiliatedWithRegistrant>
        </principalUnderwriter>
      </principalUnderwriters>
      <isUnderwriterHiredOrTerminated>N</isUnderwriterHiredOrTerminated>
      <publicAccountants>
        <publicAccountant>
          <publicAccountantName>Tait, Weller &amp; Baker LLP</publicAccountantName>
          <pcaobNumber>00445</pcaobNumber>
          <publicAccountantLei>N/A</publicAccountantLei>
          <publicAccountantRssdId>N/A</publicAccountantRssdId>
          <publicAccountantStateCountry publicAccountantState="US-PA" publicAccountantCountry="US"/>
        </publicAccountant>
      </publicAccountants>
      <isPublicAccountantChanged>N</isPublicAccountantChanged>
      <isMaterialWeakness>N</isMaterialWeakness>
      <isOpinionOffered>N</isOpinionOffered>
      <isMaterialChange>N</isMaterialChange>
      <isAccountingPrincipleChange>N</isAccountingPrincipleChange>
      <isPaymentErrorInNetAssetValue>N</isPaymentErrorInNetAssetValue>
      <paymentDividendSeries isPaymentDividend="Y">
        <seriesInfo seriesName="2x Bitcoin Strategy ETF" seriesId="S000080610"/>
        <seriesInfo seriesName="Volatility Premium Plus ETF" seriesId="S000079790"/>
        <seriesInfo seriesName="2x Corn ETF" seriesId="S000089076"/>
        <seriesInfo seriesName="2x Ether ETF" seriesId="S000082325"/>
        <seriesInfo seriesName="2x Wheat ETF" seriesId="S000089074"/>
        <seriesInfo seriesName="One+One Nasdaq-100 and Bitcoin ETF" seriesId="S000090387"/>
        <seriesInfo seriesName="One+One S&amp;P 500 and Bitcoin ETF" seriesId="S000090391"/>
        <seriesInfo seriesName="Solana ETF" seriesId="S000091119"/>
        <seriesInfo seriesName="2x Solana ETF" seriesId="S000091118"/>
        <seriesInfo seriesName="XRP ETF" seriesId="S000092516"/>
        <seriesInfo seriesName="2x XRP ETF" seriesId="S000092517"/>
      </paymentDividendSeries>
    </registrantInfo>
    <managementInvestmentQuestionSeriesInfo>
      <managementInvestmentQuestion>
        <mgmtInvFundName>Volatility Premium Plus ETF</mgmtInvFundName>
        <mgmtInvSeriesId>S000079790</mgmtInvSeriesId>
        <mgmtInvLei>54930004PIFZQCY1G840</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>1</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="Volatility Premium Plus ETF" sharesOutstandingClassId="C000241153" sharesOutstandingTickerSymbol="ZVOL"/>
        </sharesOutstandings>
        <fundTypes>
          <fundType>Exchange-Traded Fund</fundType>
        </fundTypes>
        <isNonDiversifiedCompany>Y</isNonDiversifiedCompany>
        <foreignInvestments isForeignSubsidiary="Y">
          <foreignInvestment foreignSubsidiaryName="-1x Short VIX Mid-Term Futures ETF Cayman Ltd." foreignSubsidiaryLei="5493000KIT1IMAGW2F48" foreignSubsidiaryRssdId="N/A"/>
        </foreignInvestments>
        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>N/A</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>N/A</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
          <relyOnRuleType>Rule 6c-11 (17 CFR 270.6c-11)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4 (17 CFR 270.18f-4)</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>N</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>N</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Volatility Shares LLC</investmentAdviserName>
            <investmentAdviserFileNo>801-126322</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000321955</investmentAdviserCrdNo>
            <investmentAdviserLei>254900VF2K1FT9SREH15</investmentAdviserLei>
            <investmentAdviserRssdId>N/A</investmentAdviserRssdId>
            <investmentAdviserStateCountry investmentAdviserState="US-FL" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>U.S. Bancorp Fund Services, LLC</transferAgentName>
            <transferAgentFileNo>85-11357</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentRssdId>N/A</transferAgentRssdId>
            <transferAgentStateCountry transferAgentState="US-WI" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>Bloomberg L.P.</pricingServiceName>
            <pricingServiceLei>549300B56MD0ZC402L06</pricingServiceLei>
            <pricingServiceRssdId>N/A</pricingServiceRssdId>
            <pricingServiceStateCountry pricingServiceState="US-DE" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>U.S. Bank National Association</custodianName>
            <custodianLei>6BYL5QZYBDK8S7L73M02</custodianLei>
            <custodianRssdId>N/A</custodianRssdId>
            <custodianStateCountry custodianState="US-OH" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>U.S. BANCORP FUND SERVICES LLC</adminName>
            <adminLei>N/A</adminLei>
            <adminRssdId>N/A</adminRssdId>
            <adminStateCountry adminState="US-WI" adminCountry="US"/>
            <isAdminAffiliated>N</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <aggregateCommission>0.000000000000</aggregateCommission>
        <principalAggregatePurchase>0.000000000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>15523462.374000000000</mnthlyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
        <liquidityClassifications>
          <liquidityClassificationService>
            <liquidityName>Volatility Shares, LLC</liquidityName>
            <liquidityLei>254900VF2K1FT9SREH15</liquidityLei>
            <liquidityRssdId>N/A</liquidityRssdId>
            <liquidityStateCountry liquidityState="US-FL" liquidityCountry="US"/>
            <isAffiliatedPerson>Y</isAffiliatedPerson>
            <assetClassType>Derivative-commodity</assetClassType>
          </liquidityClassificationService>
        </liquidityClassifications>
        <isLiquidityHiredTerminated>N</isLiquidityHiredTerminated>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>2x Bitcoin Strategy ETF</mgmtInvFundName>
        <mgmtInvSeriesId>S000080610</mgmtInvSeriesId>
        <mgmtInvLei>5493000EQPCVFIDP2125</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>1</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="2x Bitcoin Strategy ETF" sharesOutstandingClassId="C000243124" sharesOutstandingTickerSymbol="BITX"/>
        </sharesOutstandings>
        <fundTypes>
          <fundType>Exchange-Traded Fund</fundType>
        </fundTypes>
        <isNonDiversifiedCompany>Y</isNonDiversifiedCompany>
        <foreignInvestments isForeignSubsidiary="Y">
          <foreignInvestment foreignSubsidiaryName="2x Bitcoin Strategy ETF Cayman Ltd." foreignSubsidiaryLei="5493000KIVRCALRKVO59" foreignSubsidiaryRssdId="N/A"/>
        </foreignInvestments>
        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>N/A</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>N/A</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
          <relyOnRuleType>Rule 6c-11 (17 CFR 270.6c-11)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4 (17 CFR 270.18f-4)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4(d)(ii) (17 CFR 270.18f-4(d)(ii))</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>N</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>N</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Volatility Shares LLC</investmentAdviserName>
            <investmentAdviserFileNo>801-126322</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000321955</investmentAdviserCrdNo>
            <investmentAdviserLei>254900VF2K1FT9SREH15</investmentAdviserLei>
            <investmentAdviserRssdId>N/A</investmentAdviserRssdId>
            <investmentAdviserStateCountry investmentAdviserState="US-FL" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>U.S. Bancorp Fund Services, LLC</transferAgentName>
            <transferAgentFileNo>85-11357</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentRssdId>N/A</transferAgentRssdId>
            <transferAgentStateCountry transferAgentState="US-WI" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>Bloomberg L.P.</pricingServiceName>
            <pricingServiceLei>549300B56MD0ZC402L06</pricingServiceLei>
            <pricingServiceRssdId>N/A</pricingServiceRssdId>
            <pricingServiceStateCountry pricingServiceState="US-DE" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>U.S. Bank National Association</custodianName>
            <custodianLei>6BYL5QZYBDK8S7L73M02</custodianLei>
            <custodianRssdId>N/A</custodianRssdId>
            <custodianStateCountry custodianState="US-OH" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>U.S. BANCORP FUND SERVICES LLC</adminName>
            <adminLei>N/A</adminLei>
            <adminRssdId>N/A</adminRssdId>
            <adminStateCountry adminState="US-WI" adminCountry="US"/>
            <isAdminAffiliated>N</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <aggregateCommission>0.000000000000</aggregateCommission>
        <principalTransactions>
          <principalTransaction>
            <principalName>CLEAR STREET LLC</principalName>
            <principalFileNo>8-69972</principalFileNo>
            <principalCrdNo>000288933</principalCrdNo>
            <principalLei>549300KNQS43Y7TO3X67</principalLei>
            <principalRssdId>N/A</principalRssdId>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>19793233.000000000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>MAREX CAPITAL MARKETS INC.</principalName>
            <principalFileNo>8-69039</principalFileNo>
            <principalCrdNo>000161014</principalCrdNo>
            <principalLei>5493006BWPDUCYG6EQ34</principalLei>
            <principalRssdId>N/A</principalRssdId>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>41390870888.000000000000</principalTotalPurchaseSale>
          </principalTransaction>
        </principalTransactions>
        <principalAggregatePurchase>41410664121.000000000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>2169442428.189000000000</mnthlyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
        <liquidityClassifications>
          <liquidityClassificationService>
            <liquidityName>Volatility Shares, LLC</liquidityName>
            <liquidityLei>254900VF2K1FT9SREH15</liquidityLei>
            <liquidityRssdId>N/A</liquidityRssdId>
            <liquidityStateCountry liquidityState="US-FL" liquidityCountry="US"/>
            <isAffiliatedPerson>Y</isAffiliatedPerson>
            <assetClassType>Derivative-commodity</assetClassType>
          </liquidityClassificationService>
        </liquidityClassifications>
        <isLiquidityHiredTerminated>N</isLiquidityHiredTerminated>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>2x Corn ETF</mgmtInvFundName>
        <mgmtInvSeriesId>S000089076</mgmtInvSeriesId>
        <mgmtInvLei>529900ZVUCQZENPC4692</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>1</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>1</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="2x Corn ETF" sharesOutstandingClassId="C000255553" sharesOutstandingTickerSymbol="CORX"/>
        </sharesOutstandings>
        <fundTypes>
          <fundType>Exchange-Traded Fund</fundType>
        </fundTypes>
        <isNonDiversifiedCompany>Y</isNonDiversifiedCompany>
        <foreignInvestments isForeignSubsidiary="Y">
          <foreignInvestment foreignSubsidiaryName="2x Corn ETF Cayman Ltd." foreignSubsidiaryLei="5299007M6E9L5I9MWY51" foreignSubsidiaryRssdId="N/A"/>
        </foreignInvestments>
        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>N/A</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>N/A</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
          <relyOnRuleType>Rule 6c-11 (17 CFR 270.6c-11)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4 (17 CFR 270.18f-4)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4(d)(ii) (17 CFR 270.18f-4(d)(ii))</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>N</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>N</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Volatility Shares LLC</investmentAdviserName>
            <investmentAdviserFileNo>801-126322</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000321955</investmentAdviserCrdNo>
            <investmentAdviserLei>254900VF2K1FT9SREH15</investmentAdviserLei>
            <investmentAdviserRssdId>N/A</investmentAdviserRssdId>
            <investmentAdviserStateCountry investmentAdviserState="US-FL" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <investmentAdvisersTerminated>
          <investmentAdviserTerminated>
            <investmentAdviserTerminatedName>Volatility Shares LLC</investmentAdviserTerminatedName>
            <investAdviserTerminatedFileNo>801-126322</investAdviserTerminatedFileNo>
            <investAdviserTerminatedCrdNo>000321955</investAdviserTerminatedCrdNo>
            <investAdviserTerminatedLei>254900VF2K1FT9SREH15</investAdviserTerminatedLei>
            <investAdviserTerminatedRssdId>N/A</investAdviserTerminatedRssdId>
            <investmentAdviserTerminatedStateCountry investmentAdviserTerminatedState="US-FL" investmentAdviserTerminatedCountry="US"/>
            <investAdviserTerminationDate>2026-01-30</investAdviserTerminationDate>
          </investmentAdviserTerminated>
        </investmentAdvisersTerminated>
        <transferAgents>
          <transferAgent>
            <transferAgentName>U.S. Bancorp Fund Services, LLC</transferAgentName>
            <transferAgentFileNo>85-11357</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentRssdId>N/A</transferAgentRssdId>
            <transferAgentStateCountry transferAgentState="US-WI" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>Y</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>Bloomberg L.P.</pricingServiceName>
            <pricingServiceLei>549300B56MD0ZC402L06</pricingServiceLei>
            <pricingServiceRssdId>N/A</pricingServiceRssdId>
            <pricingServiceStateCountry pricingServiceState="US-DE" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>Y</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>U.S. Bank National Association</custodianName>
            <custodianLei>6BYL5QZYBDK8S7L73M02</custodianLei>
            <custodianRssdId>N/A</custodianRssdId>
            <custodianStateCountry custodianState="US-OH" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>Y</isCustodianHiredOrTerminated>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>U.S. BANCORP FUND SERVICES LLC</adminName>
            <adminLei>N/A</adminLei>
            <adminRssdId>N/A</adminRssdId>
            <adminStateCountry adminState="US-WI" adminCountry="US"/>
            <isAdminAffiliated>N</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>Y</isAdminHiredOrTerminated>
        <aggregateCommission>0.000000000000</aggregateCommission>
        <principalAggregatePurchase>0.000000000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>932693.455000000000</mnthlyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
        <liquidityClassifications>
          <liquidityClassificationService>
            <liquidityName>Volatility Shares, LLC</liquidityName>
            <liquidityLei>254900VF2K1FT9SREH15</liquidityLei>
            <liquidityRssdId>N/A</liquidityRssdId>
            <liquidityStateCountry liquidityState="US-FL" liquidityCountry="US"/>
            <isAffiliatedPerson>Y</isAffiliatedPerson>
            <assetClassType>Derivative-commodity</assetClassType>
          </liquidityClassificationService>
        </liquidityClassifications>
        <isLiquidityHiredTerminated>Y</isLiquidityHiredTerminated>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>2x Ether ETF</mgmtInvFundName>
        <mgmtInvSeriesId>S000082325</mgmtInvSeriesId>
        <mgmtInvLei>529900Z1SRLAIAYDC325</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>1</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="2x Ether ETF" sharesOutstandingClassId="C000245626" sharesOutstandingTickerSymbol="ETHU"/>
        </sharesOutstandings>
        <fundTypes>
          <fundType>Exchange-Traded Fund</fundType>
        </fundTypes>
        <isNonDiversifiedCompany>Y</isNonDiversifiedCompany>
        <foreignInvestments isForeignSubsidiary="Y">
          <foreignInvestment foreignSubsidiaryName="Ether Strategy ETF Cayman Ltd." foreignSubsidiaryLei="529900JHF7BX6KG5P015" foreignSubsidiaryRssdId="N/A"/>
        </foreignInvestments>
        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>N/A</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>N/A</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
          <relyOnRuleType>Rule 6c-11 (17 CFR 270.6c-11)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4 (17 CFR 270.18f-4)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4(d)(ii) (17 CFR 270.18f-4(d)(ii))</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Volatility Shares LLC</investmentAdviserName>
            <investmentAdviserFileNo>801-126322</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000321955</investmentAdviserCrdNo>
            <investmentAdviserLei>254900VF2K1FT9SREH15</investmentAdviserLei>
            <investmentAdviserRssdId>N/A</investmentAdviserRssdId>
            <investmentAdviserStateCountry investmentAdviserState="US-FL" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>U.S. Bancorp Fund Services, LLC</transferAgentName>
            <transferAgentFileNo>85-11357</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentRssdId>N/A</transferAgentRssdId>
            <transferAgentStateCountry transferAgentState="US-WI" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>Bloomberg L.P.</pricingServiceName>
            <pricingServiceLei>549300B56MD0ZC402L06</pricingServiceLei>
            <pricingServiceRssdId>N/A</pricingServiceRssdId>
            <pricingServiceStateCountry pricingServiceState="US-DE" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>U.S. Bank National Association</custodianName>
            <custodianLei>6BYL5QZYBDK8S7L73M02</custodianLei>
            <custodianRssdId>N/A</custodianRssdId>
            <custodianStateCountry custodianState="US-OH" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>U.S. BANCORP FUND SERVICES LLC</adminName>
            <adminLei>N/A</adminLei>
            <adminRssdId>N/A</adminRssdId>
            <adminStateCountry adminState="US-WI" adminCountry="US"/>
            <isAdminAffiliated>N</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <aggregateCommission>0.000000000000</aggregateCommission>
        <principalAggregatePurchase>0.000000000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>1497572404.947000000000</mnthlyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
        <liquidityClassifications>
          <liquidityClassificationService>
            <liquidityName>Volatility Shares, LLC</liquidityName>
            <liquidityLei>254900VF2K1FT9SREH15</liquidityLei>
            <liquidityRssdId>N/A</liquidityRssdId>
            <liquidityStateCountry liquidityState="US-FL" liquidityCountry="US"/>
            <isAffiliatedPerson>Y</isAffiliatedPerson>
            <assetClassType>Derivative-commodity</assetClassType>
          </liquidityClassificationService>
        </liquidityClassifications>
        <isLiquidityHiredTerminated>N</isLiquidityHiredTerminated>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>2x Wheat ETF</mgmtInvFundName>
        <mgmtInvSeriesId>S000089074</mgmtInvSeriesId>
        <mgmtInvLei>529900W040DP0JE3GZ58</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>1</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>1</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="2x Wheat ETF" sharesOutstandingClassId="C000255551" sharesOutstandingTickerSymbol="WHTX"/>
        </sharesOutstandings>
        <fundTypes>
          <fundType>Exchange-Traded Fund</fundType>
        </fundTypes>
        <isNonDiversifiedCompany>Y</isNonDiversifiedCompany>
        <foreignInvestments isForeignSubsidiary="Y">
          <foreignInvestment foreignSubsidiaryName="2x Wheat ETF Cayman Ltd. " foreignSubsidiaryLei="529900CX8GX7PRZI9281" foreignSubsidiaryRssdId="N/A"/>
        </foreignInvestments>
        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>N/A</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>N/A</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
          <relyOnRuleType>Rule 6c-11 (17 CFR 270.6c-11)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4 (17 CFR 270.18f-4)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4(d)(ii) (17 CFR 270.18f-4(d)(ii))</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>N</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>N</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Volatility Shares LLC</investmentAdviserName>
            <investmentAdviserFileNo>801-126322</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000321955</investmentAdviserCrdNo>
            <investmentAdviserLei>254900VF2K1FT9SREH15</investmentAdviserLei>
            <investmentAdviserRssdId>N/A</investmentAdviserRssdId>
            <investmentAdviserStateCountry investmentAdviserState="US-FL" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <investmentAdvisersTerminated>
          <investmentAdviserTerminated>
            <investmentAdviserTerminatedName>Volatility Shares LLC</investmentAdviserTerminatedName>
            <investAdviserTerminatedFileNo>801-126322</investAdviserTerminatedFileNo>
            <investAdviserTerminatedCrdNo>000321955</investAdviserTerminatedCrdNo>
            <investAdviserTerminatedLei>254900VF2K1FT9SREH15</investAdviserTerminatedLei>
            <investAdviserTerminatedRssdId>N/A</investAdviserTerminatedRssdId>
            <investmentAdviserTerminatedStateCountry investmentAdviserTerminatedState="US-FL" investmentAdviserTerminatedCountry="US"/>
            <investAdviserTerminationDate>2026-01-30</investAdviserTerminationDate>
          </investmentAdviserTerminated>
        </investmentAdvisersTerminated>
        <transferAgents>
          <transferAgent>
            <transferAgentName>U.S. Bancorp Fund Services, LLC</transferAgentName>
            <transferAgentFileNo>85-11357</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentRssdId>N/A</transferAgentRssdId>
            <transferAgentStateCountry transferAgentState="US-WI" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>Y</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>Bloomberg L.P.</pricingServiceName>
            <pricingServiceLei>549300B56MD0ZC402L06</pricingServiceLei>
            <pricingServiceRssdId>N/A</pricingServiceRssdId>
            <pricingServiceStateCountry pricingServiceState="US-DE" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>Y</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>U.S. Bank National Association</custodianName>
            <custodianLei>6BYL5QZYBDK8S7L73M02</custodianLei>
            <custodianRssdId>N/A</custodianRssdId>
            <custodianStateCountry custodianState="US-OH" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>Y</isCustodianHiredOrTerminated>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>U.S. BANCORP FUND SERVICES LLC</adminName>
            <adminLei>N/A</adminLei>
            <adminRssdId>N/A</adminRssdId>
            <adminStateCountry adminState="US-WI" adminCountry="US"/>
            <isAdminAffiliated>N</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>Y</isAdminHiredOrTerminated>
        <aggregateCommission>0.000000000000</aggregateCommission>
        <principalAggregatePurchase>0.000000000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>653099.338000000000</mnthlyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
        <liquidityClassifications>
          <liquidityClassificationService>
            <liquidityName>Volatility Shares, LLC</liquidityName>
            <liquidityLei>254900VF2K1FT9SREH15</liquidityLei>
            <liquidityRssdId>N/A</liquidityRssdId>
            <liquidityStateCountry liquidityState="US-FL" liquidityCountry="US"/>
            <isAffiliatedPerson>Y</isAffiliatedPerson>
            <assetClassType>Derivative-commodity</assetClassType>
          </liquidityClassificationService>
        </liquidityClassifications>
        <isLiquidityHiredTerminated>Y</isLiquidityHiredTerminated>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>One+One Nasdaq-100 and Bitcoin ETF</mgmtInvFundName>
        <mgmtInvSeriesId>S000090387</mgmtInvSeriesId>
        <mgmtInvLei>52990020ATZ5K4HDTG13</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>1</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="One+One Nasdaq-100 and Bitcoin ETF" sharesOutstandingClassId="C000257395" sharesOutstandingTickerSymbol="OOQB"/>
        </sharesOutstandings>
        <fundTypes>
          <fundType>Exchange-Traded Fund</fundType>
        </fundTypes>
        <isNonDiversifiedCompany>Y</isNonDiversifiedCompany>
        <foreignInvestments isForeignSubsidiary="Y">
          <foreignInvestment foreignSubsidiaryName="NDX and Bitcoin ETF Cayman Ltd." foreignSubsidiaryLei="529900V8DOOXANLM5N76" foreignSubsidiaryRssdId="N/A"/>
        </foreignInvestments>
        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>N/A</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>N/A</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
          <relyOnRuleType>Rule 6c-11 (17 CFR 270.6c-11)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4 (17 CFR 270.18f-4)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4(d)(ii) (17 CFR 270.18f-4(d)(ii))</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>N</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>N</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Volatility Shares LLC</investmentAdviserName>
            <investmentAdviserFileNo>801-126322</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000321955</investmentAdviserCrdNo>
            <investmentAdviserLei>254900VF2K1FT9SREH15</investmentAdviserLei>
            <investmentAdviserRssdId>N/A</investmentAdviserRssdId>
            <investmentAdviserStateCountry investmentAdviserState="US-FL" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>U.S. Bancorp Fund Services, LLC</transferAgentName>
            <transferAgentFileNo>85-11357</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentRssdId>N/A</transferAgentRssdId>
            <transferAgentStateCountry transferAgentState="US-WI" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>Bloomberg L.P.</pricingServiceName>
            <pricingServiceLei>549300B56MD0ZC402L06</pricingServiceLei>
            <pricingServiceRssdId>N/A</pricingServiceRssdId>
            <pricingServiceStateCountry pricingServiceState="US-DE" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>U.S. Bank National Association</custodianName>
            <custodianLei>6BYL5QZYBDK8S7L73M02</custodianLei>
            <custodianRssdId>N/A</custodianRssdId>
            <custodianStateCountry custodianState="US-OH" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>U.S. BANCORP FUND SERVICES LLC</adminName>
            <adminLei>N/A</adminLei>
            <adminRssdId>N/A</adminRssdId>
            <adminStateCountry adminState="US-WI" adminCountry="US"/>
            <isAdminAffiliated>N</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <aggregateCommission>0.000000000000</aggregateCommission>
        <principalTransactions>
          <principalTransaction>
            <principalName>CLEAR STREET LLC</principalName>
            <principalFileNo>8-69972</principalFileNo>
            <principalCrdNo>000288933</principalCrdNo>
            <principalLei>549300KNQS43Y7TO3X67</principalLei>
            <principalRssdId>N/A</principalRssdId>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>3301020.000000000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>MAREX CAPITAL MARKETS INC.</principalName>
            <principalFileNo>8-69039</principalFileNo>
            <principalCrdNo>000161014</principalCrdNo>
            <principalLei>5493006BWPDUCYG6EQ34</principalLei>
            <principalRssdId>N/A</principalRssdId>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>9553074.000000000000</principalTotalPurchaseSale>
          </principalTransaction>
        </principalTransactions>
        <principalAggregatePurchase>12854094.000000000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>1137124.111000000000</mnthlyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
        <liquidityClassifications>
          <liquidityClassificationService>
            <liquidityName>Volatility Shares, LLC</liquidityName>
            <liquidityLei>254900VF2K1FT9SREH15</liquidityLei>
            <liquidityRssdId>N/A</liquidityRssdId>
            <liquidityStateCountry liquidityState="US-FL" liquidityCountry="US"/>
            <isAffiliatedPerson>Y</isAffiliatedPerson>
            <assetClassType>Derivative-commodity</assetClassType>
          </liquidityClassificationService>
        </liquidityClassifications>
        <isLiquidityHiredTerminated>N</isLiquidityHiredTerminated>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>One+One S&amp;P 500 and Bitcoin ETF</mgmtInvFundName>
        <mgmtInvSeriesId>S000090391</mgmtInvSeriesId>
        <mgmtInvLei>529900FM2Y80HJHOAU24</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>1</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="One+One S&amp;P 500 and Bitcoin ETF" sharesOutstandingClassId="C000257399" sharesOutstandingTickerSymbol="OOSB"/>
        </sharesOutstandings>
        <fundTypes>
          <fundType>Exchange-Traded Fund</fundType>
        </fundTypes>
        <isNonDiversifiedCompany>Y</isNonDiversifiedCompany>
        <foreignInvestments isForeignSubsidiary="Y">
          <foreignInvestment foreignSubsidiaryName="SPX and Bitcoin ETF Cayman Ltd." foreignSubsidiaryLei="529900LCG5VUMT351S27" foreignSubsidiaryRssdId="N/A"/>
        </foreignInvestments>
        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>N/A</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>N/A</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
          <relyOnRuleType>Rule 6c-11 (17 CFR 270.6c-11)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4 (17 CFR 270.18f-4)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4(d)(ii) (17 CFR 270.18f-4(d)(ii))</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>N</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>N</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Volatility Shares LLC</investmentAdviserName>
            <investmentAdviserFileNo>801-126322</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000321955</investmentAdviserCrdNo>
            <investmentAdviserLei>254900VF2K1FT9SREH15</investmentAdviserLei>
            <investmentAdviserRssdId>N/A</investmentAdviserRssdId>
            <investmentAdviserStateCountry investmentAdviserState="US-FL" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>U.S. Bancorp Fund Services, LLC</transferAgentName>
            <transferAgentFileNo>85-11357</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentRssdId>N/A</transferAgentRssdId>
            <transferAgentStateCountry transferAgentState="US-WI" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>Bloomberg L.P.</pricingServiceName>
            <pricingServiceLei>549300B56MD0ZC402L06</pricingServiceLei>
            <pricingServiceRssdId>N/A</pricingServiceRssdId>
            <pricingServiceStateCountry pricingServiceState="US-DE" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>U.S. Bank National Association</custodianName>
            <custodianLei>6BYL5QZYBDK8S7L73M02</custodianLei>
            <custodianRssdId>N/A</custodianRssdId>
            <custodianStateCountry custodianState="US-OH" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>U.S. BANCORP FUND SERVICES LLC</adminName>
            <adminLei>N/A</adminLei>
            <adminRssdId>N/A</adminRssdId>
            <adminStateCountry adminState="US-WI" adminCountry="US"/>
            <isAdminAffiliated>N</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <aggregateCommission>0.000000000000</aggregateCommission>
        <principalTransactions>
          <principalTransaction>
            <principalName>CLEAR STREET LLC</principalName>
            <principalFileNo>8-69972</principalFileNo>
            <principalCrdNo>000288933</principalCrdNo>
            <principalLei>549300KNQS43Y7TO3X67</principalLei>
            <principalRssdId>N/A</principalRssdId>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>897445.000000000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>MAREX CAPITAL MARKETS INC.</principalName>
            <principalFileNo>8-69039</principalFileNo>
            <principalCrdNo>000161014</principalCrdNo>
            <principalLei>5493006BWPDUCYG6EQ34</principalLei>
            <principalRssdId>N/A</principalRssdId>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>2344483.000000000000</principalTotalPurchaseSale>
          </principalTransaction>
        </principalTransactions>
        <principalAggregatePurchase>3241928.000000000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>904812.376000000000</mnthlyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
        <liquidityClassifications>
          <liquidityClassificationService>
            <liquidityName>Volatility Shares, LLC</liquidityName>
            <liquidityLei>254900VF2K1FT9SREH15</liquidityLei>
            <liquidityRssdId>N/A</liquidityRssdId>
            <liquidityStateCountry liquidityState="US-FL" liquidityCountry="US"/>
            <isAffiliatedPerson>Y</isAffiliatedPerson>
            <assetClassType>Derivative-commodity</assetClassType>
          </liquidityClassificationService>
        </liquidityClassifications>
        <isLiquidityHiredTerminated>N</isLiquidityHiredTerminated>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>Solana ETF</mgmtInvFundName>
        <mgmtInvSeriesId>S000091119</mgmtInvSeriesId>
        <mgmtInvLei>529900TGXMYXSHF8O457</mgmtInvLei>
        <isFirstFilingByFund>Y</isFirstFilingByFund>
        <numAuthorizedClass>1</numAuthorizedClass>
        <numAddedClass>1</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="Solana ETF" sharesOutstandingClassId="C000258516" sharesOutstandingTickerSymbol="SOLZ"/>
        </sharesOutstandings>
        <fundTypes>
          <fundType>Exchange-Traded Fund</fundType>
        </fundTypes>
        <isNonDiversifiedCompany>Y</isNonDiversifiedCompany>
        <foreignInvestments isForeignSubsidiary="Y">
          <foreignInvestment foreignSubsidiaryName="Solana ETF Cayman Ltd." foreignSubsidiaryLei="529900TGXMYXSHF8O457" foreignSubsidiaryRssdId="N/A"/>
        </foreignInvestments>
        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>N/A</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>N/A</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
          <relyOnRuleType>Rule 6c-11 (17 CFR 270.6c-11)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4 (17 CFR 270.18f-4)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4(d)(ii) (17 CFR 270.18f-4(d)(ii))</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Volatility Shares LLC</investmentAdviserName>
            <investmentAdviserFileNo>801-126322</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000321955</investmentAdviserCrdNo>
            <investmentAdviserLei>254900VF2K1FT9SREH15</investmentAdviserLei>
            <investmentAdviserRssdId>N/A</investmentAdviserRssdId>
            <investmentAdviserStateCountry investmentAdviserState="US-FL" investmentAdviserCountry="US"/>
            <investmentAdviserHired isInvestmentAdviserHired="Y">
              <investmentAdviserStartDate>2025-03-20</investmentAdviserStartDate>
            </investmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>U.S. Bancorp Fund Services, LLC</transferAgentName>
            <transferAgentFileNo>85-11357</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentRssdId>N/A</transferAgentRssdId>
            <transferAgentStateCountry transferAgentState="US-WI" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>Y</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>Bloomberg L.P.</pricingServiceName>
            <pricingServiceLei>549300B56MD0ZC402L06</pricingServiceLei>
            <pricingServiceRssdId>N/A</pricingServiceRssdId>
            <pricingServiceStateCountry pricingServiceState="US-DE" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>Y</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>U.S. Bank National Association</custodianName>
            <custodianLei>6BYL5QZYBDK8S7L73M02</custodianLei>
            <custodianRssdId>N/A</custodianRssdId>
            <custodianStateCountry custodianState="US-OH" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>Y</isCustodianHiredOrTerminated>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>U.S. BANCORP FUND SERVICES LLC</adminName>
            <adminLei>N/A</adminLei>
            <adminRssdId>N/A</adminRssdId>
            <adminStateCountry adminState="US-WI" adminCountry="US"/>
            <isAdminAffiliated>N</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>Y</isAdminHiredOrTerminated>
        <aggregateCommission>0.000000000000</aggregateCommission>
        <principalTransactions>
          <principalTransaction>
            <principalName>CLEAR STREET LLC</principalName>
            <principalFileNo>8-69972</principalFileNo>
            <principalCrdNo>000288933</principalCrdNo>
            <principalLei>549300KNQS43Y7TO3X67</principalLei>
            <principalRssdId>N/A</principalRssdId>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>558091684.000000000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>MAREX CAPITAL MARKETS INC.</principalName>
            <principalFileNo>8-69039</principalFileNo>
            <principalCrdNo>000161014</principalCrdNo>
            <principalLei>5493006BWPDUCYG6EQ34</principalLei>
            <principalRssdId>N/A</principalRssdId>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>508882607.000000000000</principalTotalPurchaseSale>
          </principalTransaction>
        </principalTransactions>
        <principalAggregatePurchase>1066974291.000000000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>100308891.451000000000</mnthlyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
        <liquidityClassifications>
          <liquidityClassificationService>
            <liquidityName>Volatility Shares, LLC</liquidityName>
            <liquidityLei>254900VF2K1FT9SREH15</liquidityLei>
            <liquidityRssdId>N/A</liquidityRssdId>
            <liquidityStateCountry liquidityState="US-FL" liquidityCountry="US"/>
            <isAffiliatedPerson>Y</isAffiliatedPerson>
            <assetClassType>Derivative-commodity</assetClassType>
          </liquidityClassificationService>
        </liquidityClassifications>
        <isLiquidityHiredTerminated>Y</isLiquidityHiredTerminated>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>2x Solana</mgmtInvFundName>
        <mgmtInvSeriesId>S000091118</mgmtInvSeriesId>
        <mgmtInvLei>5299002B5IU88J5SW390</mgmtInvLei>
        <isFirstFilingByFund>Y</isFirstFilingByFund>
        <numAuthorizedClass>1</numAuthorizedClass>
        <numAddedClass>1</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="2x Solana ETF" sharesOutstandingClassId="C000258515" sharesOutstandingTickerSymbol="SOLT"/>
        </sharesOutstandings>
        <fundTypes>
          <fundType>Exchange-Traded Fund</fundType>
        </fundTypes>
        <isNonDiversifiedCompany>Y</isNonDiversifiedCompany>
        <foreignInvestments isForeignSubsidiary="Y">
          <foreignInvestment foreignSubsidiaryName="2x Solana ETF Cayman Ltd." foreignSubsidiaryLei="52990097OPF9VNY5ZX29" foreignSubsidiaryRssdId="N/A"/>
        </foreignInvestments>
        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>N/A</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>N/A</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
          <relyOnRuleType>Rule 6c-11 (17 CFR 270.6c-11)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4 (17 CFR 270.18f-4)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4(d)(ii) (17 CFR 270.18f-4(d)(ii))</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>N</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>N</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Volatility Shares LLC</investmentAdviserName>
            <investmentAdviserFileNo>801-126322</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000321955</investmentAdviserCrdNo>
            <investmentAdviserLei>254900VF2K1FT9SREH15</investmentAdviserLei>
            <investmentAdviserRssdId>N/A</investmentAdviserRssdId>
            <investmentAdviserStateCountry investmentAdviserState="US-FL" investmentAdviserCountry="US"/>
            <investmentAdviserHired isInvestmentAdviserHired="Y">
              <investmentAdviserStartDate>2025-03-20</investmentAdviserStartDate>
            </investmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>U.S. Bancorp Fund Services, LLC</transferAgentName>
            <transferAgentFileNo>85-11357</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentRssdId>N/A</transferAgentRssdId>
            <transferAgentStateCountry transferAgentState="US-WI" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>Y</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>Bloomberg L.P.</pricingServiceName>
            <pricingServiceLei>549300B56MD0ZC402L06</pricingServiceLei>
            <pricingServiceRssdId>N/A</pricingServiceRssdId>
            <pricingServiceStateCountry pricingServiceState="US-DE" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>Y</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>U.S. Bank National Association</custodianName>
            <custodianLei>6BYL5QZYBDK8S7L73M02</custodianLei>
            <custodianRssdId>N/A</custodianRssdId>
            <custodianStateCountry custodianState="US-OH" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>Y</isCustodianHiredOrTerminated>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>U.S. BANCORP FUND SERVICES LLC</adminName>
            <adminLei>N/A</adminLei>
            <adminRssdId>N/A</adminRssdId>
            <adminStateCountry adminState="US-WI" adminCountry="US"/>
            <isAdminAffiliated>N</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>Y</isAdminHiredOrTerminated>
        <aggregateCommission>0.000000000000</aggregateCommission>
        <principalTransactions>
          <principalTransaction>
            <principalName>CLEAR STREET LLC</principalName>
            <principalFileNo>8-69972</principalFileNo>
            <principalCrdNo>000288933</principalCrdNo>
            <principalLei>549300KNQS43Y7TO3X67</principalLei>
            <principalRssdId>N/A</principalRssdId>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>5180431363.000000000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>MAREX CAPITAL MARKETS INC.</principalName>
            <principalFileNo>8-69039</principalFileNo>
            <principalCrdNo>000161014</principalCrdNo>
            <principalLei>5493006BWPDUCYG6EQ34</principalLei>
            <principalRssdId>N/A</principalRssdId>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>857974733.000000000000</principalTotalPurchaseSale>
          </principalTransaction>
        </principalTransactions>
        <principalAggregatePurchase>6038406096.000000000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>252189026.448000000000</mnthlyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
        <liquidityClassifications>
          <liquidityClassificationService>
            <liquidityName>Volatility Shares, LLC</liquidityName>
            <liquidityLei>254900VF2K1FT9SREH15</liquidityLei>
            <liquidityRssdId>N/A</liquidityRssdId>
            <liquidityStateCountry liquidityState="US-FL" liquidityCountry="US"/>
            <isAffiliatedPerson>Y</isAffiliatedPerson>
            <assetClassType>Derivative-commodity</assetClassType>
          </liquidityClassificationService>
        </liquidityClassifications>
        <isLiquidityHiredTerminated>Y</isLiquidityHiredTerminated>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>XRP ETF</mgmtInvFundName>
        <mgmtInvSeriesId>S000092516</mgmtInvSeriesId>
        <mgmtInvLei>529900WY4H0DLS53EU43</mgmtInvLei>
        <isFirstFilingByFund>Y</isFirstFilingByFund>
        <numAuthorizedClass>1</numAuthorizedClass>
        <numAddedClass>1</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="XRP ETF" sharesOutstandingClassId="C000260547" sharesOutstandingTickerSymbol="XRPI"/>
        </sharesOutstandings>
        <fundTypes>
          <fundType>Exchange-Traded Fund</fundType>
        </fundTypes>
        <isNonDiversifiedCompany>Y</isNonDiversifiedCompany>
        <foreignInvestments isForeignSubsidiary="Y">
          <foreignInvestment foreignSubsidiaryName="XRP ETF Cayman Ltd." foreignSubsidiaryLei="529900WY4H0DLS53EU43" foreignSubsidiaryRssdId="N/A"/>
        </foreignInvestments>
        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>N/A</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>N/A</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
          <relyOnRuleType>Rule 6c-11 (17 CFR 270.6c-11)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4 (17 CFR 270.18f-4)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4(d)(ii) (17 CFR 270.18f-4(d)(ii))</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Volatility Shares LLC</investmentAdviserName>
            <investmentAdviserFileNo>801-126322</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000321955</investmentAdviserCrdNo>
            <investmentAdviserLei>254900VF2K1FT9SREH15</investmentAdviserLei>
            <investmentAdviserRssdId>N/A</investmentAdviserRssdId>
            <investmentAdviserStateCountry investmentAdviserState="US-FL" investmentAdviserCountry="US"/>
            <investmentAdviserHired isInvestmentAdviserHired="Y">
              <investmentAdviserStartDate>2025-05-22</investmentAdviserStartDate>
            </investmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>U.S. Bancorp Fund Services, LLC</transferAgentName>
            <transferAgentFileNo>85-11357</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentRssdId>N/A</transferAgentRssdId>
            <transferAgentStateCountry transferAgentState="US-WI" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>Y</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>Bloomberg L.P.</pricingServiceName>
            <pricingServiceLei>549300B56MD0ZC402L06</pricingServiceLei>
            <pricingServiceRssdId>N/A</pricingServiceRssdId>
            <pricingServiceStateCountry pricingServiceState="US-DE" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>Y</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>U.S. Bank National Association</custodianName>
            <custodianLei>6BYL5QZYBDK8S7L73M02</custodianLei>
            <custodianRssdId>N/A</custodianRssdId>
            <custodianStateCountry custodianState="US-OH" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>Y</isCustodianHiredOrTerminated>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>U.S. BANCORP FUND SERVICES LLC</adminName>
            <adminLei>N/A</adminLei>
            <adminRssdId>N/A</adminRssdId>
            <adminStateCountry adminState="US-WI" adminCountry="US"/>
            <isAdminAffiliated>N</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>Y</isAdminHiredOrTerminated>
        <aggregateCommission>0.000000000000</aggregateCommission>
        <principalTransactions>
          <principalTransaction>
            <principalName>CLEAR STREET LLC</principalName>
            <principalFileNo>8-69972</principalFileNo>
            <principalCrdNo>000288933</principalCrdNo>
            <principalLei>549300KNQS43Y7TO3X67</principalLei>
            <principalRssdId>N/A</principalRssdId>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>644518299.000000000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>MAREX CAPITAL MARKETS INC.</principalName>
            <principalFileNo>8-69039</principalFileNo>
            <principalCrdNo>000161014</principalCrdNo>
            <principalLei>5493006BWPDUCYG6EQ34</principalLei>
            <principalRssdId>N/A</principalRssdId>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>600713379.000000000000</principalTotalPurchaseSale>
          </principalTransaction>
        </principalTransactions>
        <principalAggregatePurchase>1245231678.000000000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>129999941.297000000000</mnthlyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
        <liquidityClassifications>
          <liquidityClassificationService>
            <liquidityName>Volatility Shares, LLC</liquidityName>
            <liquidityLei>254900VF2K1FT9SREH15</liquidityLei>
            <liquidityRssdId>N/A</liquidityRssdId>
            <liquidityStateCountry liquidityState="US-FL" liquidityCountry="US"/>
            <isAffiliatedPerson>Y</isAffiliatedPerson>
            <assetClassType>Derivative-commodity</assetClassType>
          </liquidityClassificationService>
        </liquidityClassifications>
        <isLiquidityHiredTerminated>Y</isLiquidityHiredTerminated>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>2x XRP ETF</mgmtInvFundName>
        <mgmtInvSeriesId>S000092517</mgmtInvSeriesId>
        <mgmtInvLei>529900795DZ8TLC2M979</mgmtInvLei>
        <isFirstFilingByFund>Y</isFirstFilingByFund>
        <numAuthorizedClass>1</numAuthorizedClass>
        <numAddedClass>1</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="2x XRP ETF" sharesOutstandingClassId="C000260548" sharesOutstandingTickerSymbol="XRPT"/>
        </sharesOutstandings>
        <fundTypes>
          <fundType>Exchange-Traded Fund</fundType>
        </fundTypes>
        <isNonDiversifiedCompany>Y</isNonDiversifiedCompany>
        <foreignInvestments isForeignSubsidiary="Y">
          <foreignInvestment foreignSubsidiaryName="2x XRP ETF Cayman Ltd." foreignSubsidiaryLei="5299007ZI6OX8NUCIE85" foreignSubsidiaryRssdId="N/A"/>
        </foreignInvestments>
        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>N/A</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>N/A</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
          <relyOnRuleType>Rule 6c-11 (17 CFR 270.6c-11)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4 (17 CFR 270.18f-4)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4(d)(ii) (17 CFR 270.18f-4(d)(ii))</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>N</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>N</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Volatility Shares LLC</investmentAdviserName>
            <investmentAdviserFileNo>801-126322</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000321955</investmentAdviserCrdNo>
            <investmentAdviserLei>254900VF2K1FT9SREH15</investmentAdviserLei>
            <investmentAdviserRssdId>N/A</investmentAdviserRssdId>
            <investmentAdviserStateCountry investmentAdviserState="US-FL" investmentAdviserCountry="US"/>
            <investmentAdviserHired isInvestmentAdviserHired="Y">
              <investmentAdviserStartDate>2025-05-22</investmentAdviserStartDate>
            </investmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>U.S. Bancorp Fund Services, LLC</transferAgentName>
            <transferAgentFileNo>85-11357</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentRssdId>N/A</transferAgentRssdId>
            <transferAgentStateCountry transferAgentState="US-WI" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>Y</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>Bloomberg L.P.</pricingServiceName>
            <pricingServiceLei>549300B56MD0ZC402L06</pricingServiceLei>
            <pricingServiceRssdId>N/A</pricingServiceRssdId>
            <pricingServiceStateCountry pricingServiceState="US-DE" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>Y</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>U.S. Bank National Association</custodianName>
            <custodianLei>6BYL5QZYBDK8S7L73M02</custodianLei>
            <custodianRssdId>N/A</custodianRssdId>
            <custodianStateCountry custodianState="US-OH" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>Y</isCustodianHiredOrTerminated>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>U.S. BANCORP FUND SERVICES LLC</adminName>
            <adminLei>N/A</adminLei>
            <adminRssdId>N/A</adminRssdId>
            <adminStateCountry adminState="US-WI" adminCountry="US"/>
            <isAdminAffiliated>N</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>Y</isAdminHiredOrTerminated>
        <aggregateCommission>0.000000000000</aggregateCommission>
        <principalTransactions>
          <principalTransaction>
            <principalName>CLEAR STREET LLC</principalName>
            <principalFileNo>8-69972</principalFileNo>
            <principalCrdNo>000288933</principalCrdNo>
            <principalLei>549300KNQS43Y7TO3X67</principalLei>
            <principalRssdId>N/A</principalRssdId>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>1254978460.000000000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>MAREX CAPITAL MARKETS INC.</principalName>
            <principalFileNo>8-69039</principalFileNo>
            <principalCrdNo>000161014</principalCrdNo>
            <principalLei>5493006BWPDUCYG6EQ34</principalLei>
            <principalRssdId>N/A</principalRssdId>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>982920814.000000000000</principalTotalPurchaseSale>
          </principalTransaction>
        </principalTransactions>
        <principalAggregatePurchase>2237899274.000000000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>96205376.376000000000</mnthlyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
        <liquidityClassifications>
          <liquidityClassificationService>
            <liquidityName>Volatility Shares, LLC</liquidityName>
            <liquidityLei>254900VF2K1FT9SREH15</liquidityLei>
            <liquidityRssdId>N/A</liquidityRssdId>
            <liquidityStateCountry liquidityState="US-FL" liquidityCountry="US"/>
            <isAffiliatedPerson>Y</isAffiliatedPerson>
            <assetClassType>Derivative-commodity</assetClassType>
          </liquidityClassificationService>
        </liquidityClassifications>
        <isLiquidityHiredTerminated>Y</isLiquidityHiredTerminated>
      </managementInvestmentQuestion>
    </managementInvestmentQuestionSeriesInfo>
    <exchangeSeriesInfo>
      <exchangeTradedFund>
        <fundName>Volatility Premium Plus ETF</fundName>
        <etfSeriesId>S000079790</etfSeriesId>
        <securityExchanges>
          <securityExchange fundExchange="BATS" fundsTickerSymbol="ZVOL"/>
        </securityExchanges>
        <authorizedParticipants>
          <authorizedParticipant authorizedParticipantName="GOLDMAN SACHS &amp; CO. LLC" authorizedParticipantFileNo="8-00129" authorizedParticipantCrdNo="000000361" authorizedParticipantLei="FOR8UP27PHTHYVLBNG30" authorizedParticipantRssdId="N/A" authorizedParticipantPurchaseValue="2205518.000000000000" authorizedParticipantRedeemValue="488548.000000000000"/>
          <authorizedParticipant authorizedParticipantName="VIRTU AMERICAS LLC" authorizedParticipantFileNo="8-68193" authorizedParticipantCrdNo="000149823" authorizedParticipantLei="549300RA02N3BNSWBV74" authorizedParticipantRssdId="N/A" authorizedParticipantPurchaseValue="120225.000000000000" authorizedParticipantRedeemValue="0.000000000000"/>
          <authorizedParticipant authorizedParticipantName="MERRILL LYNCH PROFESSIONAL CLEARING CORP." authorizedParticipantFileNo="8-33359" authorizedParticipantCrdNo="000016139" authorizedParticipantLei="549300PMHS66E71I2D34" authorizedParticipantRssdId="N/A" authorizedParticipantPurchaseValue="272212.000000000000" authorizedParticipantRedeemValue="511022.000000000000"/>
          <authorizedParticipant authorizedParticipantName="JANE STREET CAPITAL, LLC" authorizedParticipantFileNo="8-52275" authorizedParticipantCrdNo="000103782" authorizedParticipantLei="549300ZM16HMPEPNV857" authorizedParticipantRssdId="N/A" authorizedParticipantPurchaseValue="1262171.000000000000" authorizedParticipantRedeemValue="821162.000000000000"/>
          <authorizedParticipant authorizedParticipantName="MACQUARIE CAPITAL (USA) INC." authorizedParticipantFileNo="8-47198" authorizedParticipantCrdNo="000036368" authorizedParticipantLei="549300670K07JRB5UQ40" authorizedParticipantRssdId="N/A" authorizedParticipantPurchaseValue="0.000000000000" authorizedParticipantRedeemValue="0.000000000000"/>
          <authorizedParticipant authorizedParticipantName="J.P. Morgan Securities LLC" authorizedParticipantFileNo="8-35008" authorizedParticipantCrdNo="000000079" authorizedParticipantLei="ZBUT11V806EZRVTWT807" authorizedParticipantRssdId="1155420" authorizedParticipantPurchaseValue="0.000000000000" authorizedParticipantRedeemValue="0.000000000000"/>
          <authorizedParticipant authorizedParticipantName="ABN AMRO CLEARING CHICAGO LLC" authorizedParticipantFileNo="8-34354" authorizedParticipantCrdNo="000014020" authorizedParticipantLei="549300U16G4LU3V6C598" authorizedParticipantRssdId="N/A" authorizedParticipantPurchaseValue="0.000000000000" authorizedParticipantRedeemValue="0.000000000000"/>
        </authorizedParticipants>
        <isCollateralRequired>N</isCollateralRequired>
        <creationUnitNumOfShares>10000.000000000000</creationUnitNumOfShares>
        <creationUnitRedeemedNumOfShares>10000.000000000000</creationUnitRedeemedNumOfShares>
        <averagePercentagePurchased>100.000000000000</averagePercentagePurchased>
        <standardDeviationPurchased>0.000000000000</standardDeviationPurchased>
        <creationUnitPurchasedInKind>0.000000000000</creationUnitPurchasedInKind>
        <creationUnitPurchasedSDInKind>0.000000000000</creationUnitPurchasedSDInKind>
        <averagePercentageRedeemed>100.000000000000</averagePercentageRedeemed>
        <percentSDRedeemed>0.000000000000</percentSDRedeemed>
        <creationUnitPercentageRedeemedInKind>0.000000000000</creationUnitPercentageRedeemedInKind>
        <creationUnitSDRedeemedInKind>0.000000000000</creationUnitSDRedeemedInKind>
        <creationUnitTransactionFeePerUnit>N/A</creationUnitTransactionFeePerUnit>
        <creationUnitTransactionFeeManyUnits>0.000000000000</creationUnitTransactionFeeManyUnits>
        <creationUnitTransactionFeePercentagePerUnit>N/A</creationUnitTransactionFeePercentagePerUnit>
        <creationUnitTransactionFeeCashPerUnit>N/A</creationUnitTransactionFeeCashPerUnit>
        <creationUnitTransactionFeeCashManyUnits>0.000000000000</creationUnitTransactionFeeCashManyUnits>
        <creationUnitTransactionFeeCashPercentagePerUnit>N/A</creationUnitTransactionFeeCashPercentagePerUnit>
        <purchaseCreationUnitDollarPerUnit>N/A</purchaseCreationUnitDollarPerUnit>
        <purchaseCreationUnitDollarPerMoreUnits>0.000000000000</purchaseCreationUnitDollarPerMoreUnits>
        <purchaseCreationUnitDollarPercentagePerUnit>N/A</purchaseCreationUnitDollarPercentagePerUnit>
        <purchaseCreationUnitCashPerUnit>N/A</purchaseCreationUnitCashPerUnit>
        <purchaseCreationUnitCashPerMoreUnits>0.000000000000</purchaseCreationUnitCashPerMoreUnits>
        <purchaseCreationUnitCashPercentagePerUnit>N/A</purchaseCreationUnitCashPercentagePerUnit>
        <isInKindETF>N</isInKindETF>
      </exchangeTradedFund>
      <exchangeTradedFund>
        <fundName>2x Bitcoin Strategy ETF</fundName>
        <etfSeriesId>S000080610</etfSeriesId>
        <securityExchanges>
          <securityExchange fundExchange="BATS" fundsTickerSymbol="BITX"/>
        </securityExchanges>
        <authorizedParticipants>
          <authorizedParticipant authorizedParticipantName="GOLDMAN SACHS &amp; CO. LLC" authorizedParticipantFileNo="8-00129" authorizedParticipantCrdNo="000000361" authorizedParticipantLei="FOR8UP27PHTHYVLBNG30" authorizedParticipantRssdId="N/A" authorizedParticipantPurchaseValue="778714952.000000000000" authorizedParticipantRedeemValue="865224759.000000000000"/>
          <authorizedParticipant authorizedParticipantName="MACQUARIE CAPITAL (USA) INC." authorizedParticipantFileNo="8-47198" authorizedParticipantCrdNo="000036368" authorizedParticipantLei="549300670K07JRB5UQ40" authorizedParticipantRssdId="N/A" authorizedParticipantPurchaseValue="8806031.000000000000" authorizedParticipantRedeemValue="32675357.000000000000"/>
          <authorizedParticipant authorizedParticipantName="VIRTU AMERICAS LLC" authorizedParticipantFileNo="8-68193" authorizedParticipantCrdNo="000149823" authorizedParticipantLei="549300RA02N3BNSWBV74" authorizedParticipantRssdId="N/A" authorizedParticipantPurchaseValue="270169880.000000000000" authorizedParticipantRedeemValue="36861101.000000000000"/>
          <authorizedParticipant authorizedParticipantName="MERRILL LYNCH PROFESSIONAL CLEARING CORP." authorizedParticipantFileNo="8-33359" authorizedParticipantCrdNo="000016139" authorizedParticipantLei="549300PMHS66E71I2D34" authorizedParticipantRssdId="N/A" authorizedParticipantPurchaseValue="881959807.000000000000" authorizedParticipantRedeemValue="1041957454.000000000000"/>
          <authorizedParticipant authorizedParticipantName="ABN AMRO CLEARING CHICAGO LLC" authorizedParticipantFileNo="8-34354" authorizedParticipantCrdNo="000014020" authorizedParticipantLei="549300U16G4LU3V6C598" authorizedParticipantRssdId="N/A" authorizedParticipantPurchaseValue="270302968.000000000000" authorizedParticipantRedeemValue="582072505.000000000000"/>
          <authorizedParticipant authorizedParticipantName="JANE STREET CAPITAL, LLC" authorizedParticipantFileNo="8-52275" authorizedParticipantCrdNo="000103782" authorizedParticipantLei="549300ZM16HMPEPNV857" authorizedParticipantRssdId="N/A" authorizedParticipantPurchaseValue="226391414.000000000000" authorizedParticipantRedeemValue="98212765.000000000000"/>
          <authorizedParticipant authorizedParticipantName="J.P. Morgan Securities LLC" authorizedParticipantFileNo="8-35008" authorizedParticipantCrdNo="000000079" authorizedParticipantLei="ZBUT11V806EZRVTWT807" authorizedParticipantRssdId="1155420" authorizedParticipantPurchaseValue="0.000000000000" authorizedParticipantRedeemValue="0.000000000000"/>
        </authorizedParticipants>
        <isCollateralRequired>N</isCollateralRequired>
        <creationUnitNumOfShares>10000.000000000000</creationUnitNumOfShares>
        <creationUnitRedeemedNumOfShares>10000.000000000000</creationUnitRedeemedNumOfShares>
        <averagePercentagePurchased>100.000000000000</averagePercentagePurchased>
        <standardDeviationPurchased>0.000000000000</standardDeviationPurchased>
        <creationUnitPurchasedInKind>0.000000000000</creationUnitPurchasedInKind>
        <creationUnitPurchasedSDInKind>0.000000000000</creationUnitPurchasedSDInKind>
        <averagePercentageRedeemed>100.000000000000</averagePercentageRedeemed>
        <percentSDRedeemed>0.000000000000</percentSDRedeemed>
        <creationUnitPercentageRedeemedInKind>0.000000000000</creationUnitPercentageRedeemedInKind>
        <creationUnitSDRedeemedInKind>0.000000000000</creationUnitSDRedeemedInKind>
        <creationUnitTransactionFeePerUnit>N/A</creationUnitTransactionFeePerUnit>
        <creationUnitTransactionFeeManyUnits>300.000000000000</creationUnitTransactionFeeManyUnits>
        <creationUnitTransactionFeePercentagePerUnit>N/A</creationUnitTransactionFeePercentagePerUnit>
        <creationUnitTransactionFeeCashPerUnit>N/A</creationUnitTransactionFeeCashPerUnit>
        <creationUnitTransactionFeeCashManyUnits>300.000000000000</creationUnitTransactionFeeCashManyUnits>
        <creationUnitTransactionFeeCashPercentagePerUnit>N/A</creationUnitTransactionFeeCashPercentagePerUnit>
        <purchaseCreationUnitDollarPerUnit>N/A</purchaseCreationUnitDollarPerUnit>
        <purchaseCreationUnitDollarPerMoreUnits>300.000000000000</purchaseCreationUnitDollarPerMoreUnits>
        <purchaseCreationUnitDollarPercentagePerUnit>N/A</purchaseCreationUnitDollarPercentagePerUnit>
        <purchaseCreationUnitCashPerUnit>N/A</purchaseCreationUnitCashPerUnit>
        <purchaseCreationUnitCashPerMoreUnits>300.000000000000</purchaseCreationUnitCashPerMoreUnits>
        <purchaseCreationUnitCashPercentagePerUnit>N/A</purchaseCreationUnitCashPercentagePerUnit>
        <isInKindETF>N</isInKindETF>
      </exchangeTradedFund>
      <exchangeTradedFund>
        <fundName>2x Corn ETF</fundName>
        <etfSeriesId>S000089076</etfSeriesId>
        <securityExchanges>
          <securityExchange fundExchange="BATS" fundsTickerSymbol="CORX"/>
        </securityExchanges>
        <authorizedParticipants>
          <authorizedParticipant authorizedParticipantName="JANE STREET CAPITAL, LLC" authorizedParticipantFileNo="8-52275" authorizedParticipantCrdNo="000103782" authorizedParticipantLei="549300ZM16HMPEPNV857" authorizedParticipantRssdId="0" authorizedParticipantPurchaseValue="0.000000000000" authorizedParticipantRedeemValue="0.000000000000"/>
          <authorizedParticipant authorizedParticipantName="J.P. Morgan Securities LLC" authorizedParticipantFileNo="8-35008" authorizedParticipantCrdNo="000000079" authorizedParticipantLei="ZBUT11V806EZRVTWT807" authorizedParticipantRssdId="1155420" authorizedParticipantPurchaseValue="0.000000000000" authorizedParticipantRedeemValue="0.000000000000"/>
          <authorizedParticipant authorizedParticipantName="ABN AMRO CLEARING CHICAGO LLC" authorizedParticipantFileNo="8-34354" authorizedParticipantCrdNo="000014020" authorizedParticipantLei="549300U16G4LU3V6C598" authorizedParticipantRssdId="0" authorizedParticipantPurchaseValue="0.000000000000" authorizedParticipantRedeemValue="0.000000000000"/>
          <authorizedParticipant authorizedParticipantName="MACQUARIE CAPITAL (USA) INC." authorizedParticipantFileNo="8-47198" authorizedParticipantCrdNo="000036368" authorizedParticipantLei="549300670K07JRB5UQ40" authorizedParticipantRssdId="0" authorizedParticipantPurchaseValue="0.000000000000" authorizedParticipantRedeemValue="0.000000000000"/>
          <authorizedParticipant authorizedParticipantName="MERRILL LYNCH PROFESSIONAL CLEARING CORP." authorizedParticipantFileNo="8-33359" authorizedParticipantCrdNo="000016139" authorizedParticipantLei="549300PMHS66E71I2D34" authorizedParticipantRssdId="0" authorizedParticipantPurchaseValue="0.000000000000" authorizedParticipantRedeemValue="0.000000000000"/>
          <authorizedParticipant authorizedParticipantName="GOLDMAN SACHS &amp; CO. LLC" authorizedParticipantFileNo="8-00129" authorizedParticipantCrdNo="000000361" authorizedParticipantLei="FOR8UP27PHTHYVLBNG30" authorizedParticipantRssdId="0" authorizedParticipantPurchaseValue="0.000000000000" authorizedParticipantRedeemValue="0.000000000000"/>
          <authorizedParticipant authorizedParticipantName="VIRTU AMERICAS LLC" authorizedParticipantFileNo="8-68193" authorizedParticipantCrdNo="000149823" authorizedParticipantLei="549300RA02N3BNSWBV74" authorizedParticipantRssdId="0" authorizedParticipantPurchaseValue="0.000000000000" authorizedParticipantRedeemValue="0.000000000000"/>
        </authorizedParticipants>
        <isCollateralRequired>N</isCollateralRequired>
        <creationUnitNumOfShares>10000.000000000000</creationUnitNumOfShares>
        <creationUnitRedeemedNumOfShares>10000.000000000000</creationUnitRedeemedNumOfShares>
        <averagePercentagePurchased>100.000000000000</averagePercentagePurchased>
        <standardDeviationPurchased>0.000000000000</standardDeviationPurchased>
        <creationUnitPurchasedInKind>0.000000000000</creationUnitPurchasedInKind>
        <creationUnitPurchasedSDInKind>0.000000000000</creationUnitPurchasedSDInKind>
        <averagePercentageRedeemed>100.000000000000</averagePercentageRedeemed>
        <percentSDRedeemed>0.000000000000</percentSDRedeemed>
        <creationUnitPercentageRedeemedInKind>0.000000000000</creationUnitPercentageRedeemedInKind>
        <creationUnitSDRedeemedInKind>0.000000000000</creationUnitSDRedeemedInKind>
        <creationUnitTransactionFeePerUnit>N/A</creationUnitTransactionFeePerUnit>
        <creationUnitTransactionFeeManyUnits>300.000000000000</creationUnitTransactionFeeManyUnits>
        <creationUnitTransactionFeePercentagePerUnit>N/A</creationUnitTransactionFeePercentagePerUnit>
        <creationUnitTransactionFeeCashPerUnit>N/A</creationUnitTransactionFeeCashPerUnit>
        <creationUnitTransactionFeeCashManyUnits>300.000000000000</creationUnitTransactionFeeCashManyUnits>
        <creationUnitTransactionFeeCashPercentagePerUnit>N/A</creationUnitTransactionFeeCashPercentagePerUnit>
        <purchaseCreationUnitDollarPerUnit>N/A</purchaseCreationUnitDollarPerUnit>
        <purchaseCreationUnitDollarPerMoreUnits>300.000000000000</purchaseCreationUnitDollarPerMoreUnits>
        <purchaseCreationUnitDollarPercentagePerUnit>N/A</purchaseCreationUnitDollarPercentagePerUnit>
        <purchaseCreationUnitCashPerUnit>N/A</purchaseCreationUnitCashPerUnit>
        <purchaseCreationUnitCashPerMoreUnits>300.000000000000</purchaseCreationUnitCashPerMoreUnits>
        <purchaseCreationUnitCashPercentagePerUnit>N/A</purchaseCreationUnitCashPercentagePerUnit>
        <isInKindETF>N</isInKindETF>
      </exchangeTradedFund>
      <exchangeTradedFund>
        <fundName>2x Ether ETF</fundName>
        <etfSeriesId>S000082325</etfSeriesId>
        <securityExchanges>
          <securityExchange fundExchange="BATS" fundsTickerSymbol="ETHU"/>
        </securityExchanges>
        <authorizedParticipants>
          <authorizedParticipant authorizedParticipantName="GOLDMAN SACHS &amp; CO. LLC" authorizedParticipantFileNo="8-00129" authorizedParticipantCrdNo="000000361" authorizedParticipantLei="FOR8UP27PHTHYVLBNG30" authorizedParticipantRssdId="N/A" authorizedParticipantPurchaseValue="1695675542.000000000000" authorizedParticipantRedeemValue="818432187.000000000000"/>
          <authorizedParticipant authorizedParticipantName="MACQUARIE CAPITAL (USA) INC." authorizedParticipantFileNo="8-47198" authorizedParticipantCrdNo="000036368" authorizedParticipantLei="549300670K07JRB5UQ40" authorizedParticipantRssdId="N/A" authorizedParticipantPurchaseValue="33124409.000000000000" authorizedParticipantRedeemValue="20484449.000000000000"/>
          <authorizedParticipant authorizedParticipantName="VIRTU AMERICAS LLC" authorizedParticipantFileNo="8-68193" authorizedParticipantCrdNo="000149823" authorizedParticipantLei="549300RA02N3BNSWBV74" authorizedParticipantRssdId="N/A" authorizedParticipantPurchaseValue="381004543.000000000000" authorizedParticipantRedeemValue="109810202.000000000000"/>
          <authorizedParticipant authorizedParticipantName="MERRILL LYNCH PROFESSIONAL CLEARING CORP." authorizedParticipantFileNo="8-33359" authorizedParticipantCrdNo="000016139" authorizedParticipantLei="549300PMHS66E71I2D34" authorizedParticipantRssdId="N/A" authorizedParticipantPurchaseValue="115016123.000000000000" authorizedParticipantRedeemValue="11483934.000000000000"/>
          <authorizedParticipant authorizedParticipantName="ABN AMRO CLEARING CHICAGO LLC" authorizedParticipantFileNo="8-34354" authorizedParticipantCrdNo="000014020" authorizedParticipantLei="549300U16G4LU3V6C598" authorizedParticipantRssdId="N/A" authorizedParticipantPurchaseValue="202863551.000000000000" authorizedParticipantRedeemValue="221108647.000000000000"/>
          <authorizedParticipant authorizedParticipantName="JANE STREET CAPITAL, LLC" authorizedParticipantFileNo="8-52275" authorizedParticipantCrdNo="000103782" authorizedParticipantLei="549300ZM16HMPEPNV857" authorizedParticipantRssdId="N/A" authorizedParticipantPurchaseValue="1278570589.000000000000" authorizedParticipantRedeemValue="771988866.000000000000"/>
          <authorizedParticipant authorizedParticipantName="J.P. Morgan Securities LLC" authorizedParticipantFileNo="8-35008" authorizedParticipantCrdNo="000000079" authorizedParticipantLei="ZBUT11V806EZRVTWT807" authorizedParticipantRssdId="1155420" authorizedParticipantPurchaseValue="0.000000000000" authorizedParticipantRedeemValue="0.000000000000"/>
        </authorizedParticipants>
        <isCollateralRequired>N</isCollateralRequired>
        <creationUnitNumOfShares>10000.000000000000</creationUnitNumOfShares>
        <creationUnitRedeemedNumOfShares>10000.000000000000</creationUnitRedeemedNumOfShares>
        <averagePercentagePurchased>100.000000000000</averagePercentagePurchased>
        <standardDeviationPurchased>0.000000000000</standardDeviationPurchased>
        <creationUnitPurchasedInKind>0.000000000000</creationUnitPurchasedInKind>
        <creationUnitPurchasedSDInKind>0.000000000000</creationUnitPurchasedSDInKind>
        <averagePercentageRedeemed>100.000000000000</averagePercentageRedeemed>
        <percentSDRedeemed>0.000000000000</percentSDRedeemed>
        <creationUnitPercentageRedeemedInKind>0.000000000000</creationUnitPercentageRedeemedInKind>
        <creationUnitSDRedeemedInKind>0.000000000000</creationUnitSDRedeemedInKind>
        <creationUnitTransactionFeePerUnit>N/A</creationUnitTransactionFeePerUnit>
        <creationUnitTransactionFeeManyUnits>300.000000000000</creationUnitTransactionFeeManyUnits>
        <creationUnitTransactionFeePercentagePerUnit>N/A</creationUnitTransactionFeePercentagePerUnit>
        <creationUnitTransactionFeeCashPerUnit>N/A</creationUnitTransactionFeeCashPerUnit>
        <creationUnitTransactionFeeCashManyUnits>300.000000000000</creationUnitTransactionFeeCashManyUnits>
        <creationUnitTransactionFeeCashPercentagePerUnit>N/A</creationUnitTransactionFeeCashPercentagePerUnit>
        <purchaseCreationUnitDollarPerUnit>N/A</purchaseCreationUnitDollarPerUnit>
        <purchaseCreationUnitDollarPerMoreUnits>300.000000000000</purchaseCreationUnitDollarPerMoreUnits>
        <purchaseCreationUnitDollarPercentagePerUnit>N/A</purchaseCreationUnitDollarPercentagePerUnit>
        <purchaseCreationUnitCashPerUnit>N/A</purchaseCreationUnitCashPerUnit>
        <purchaseCreationUnitCashPerMoreUnits>300.000000000000</purchaseCreationUnitCashPerMoreUnits>
        <purchaseCreationUnitCashPercentagePerUnit>N/A</purchaseCreationUnitCashPercentagePerUnit>
        <isInKindETF>N</isInKindETF>
      </exchangeTradedFund>
      <exchangeTradedFund>
        <fundName>2x Wheat ETF</fundName>
        <etfSeriesId>S000089074</etfSeriesId>
        <securityExchanges>
          <securityExchange fundExchange="BATS" fundsTickerSymbol="WHTX"/>
        </securityExchanges>
        <authorizedParticipants>
          <authorizedParticipant authorizedParticipantName="JANE STREET CAPITAL, LLC" authorizedParticipantFileNo="8-52275" authorizedParticipantCrdNo="000103782" authorizedParticipantLei="549300ZM16HMPEPNV857" authorizedParticipantRssdId="0" authorizedParticipantPurchaseValue="0.000000000000" authorizedParticipantRedeemValue="0.000000000000"/>
          <authorizedParticipant authorizedParticipantName="J.P. Morgan Securities LLC" authorizedParticipantFileNo="8-35008" authorizedParticipantCrdNo="000000079" authorizedParticipantLei="ZBUT11V806EZRVTWT807" authorizedParticipantRssdId="1155420" authorizedParticipantPurchaseValue="0.000000000000" authorizedParticipantRedeemValue="0.000000000000"/>
          <authorizedParticipant authorizedParticipantName="ABN AMRO CLEARING CHICAGO LLC" authorizedParticipantFileNo="8-34354" authorizedParticipantCrdNo="000014020" authorizedParticipantLei="549300U16G4LU3V6C598" authorizedParticipantRssdId="0" authorizedParticipantPurchaseValue="0.000000000000" authorizedParticipantRedeemValue="0.000000000000"/>
          <authorizedParticipant authorizedParticipantName="MACQUARIE CAPITAL (USA) INC." authorizedParticipantFileNo="8-47198" authorizedParticipantCrdNo="000036368" authorizedParticipantLei="549300670K07JRB5UQ40" authorizedParticipantRssdId="0" authorizedParticipantPurchaseValue="0.000000000000" authorizedParticipantRedeemValue="0.000000000000"/>
          <authorizedParticipant authorizedParticipantName="MERRILL LYNCH PROFESSIONAL CLEARING CORP." authorizedParticipantFileNo="8-33359" authorizedParticipantCrdNo="000016139" authorizedParticipantLei="549300PMHS66E71I2D34" authorizedParticipantRssdId="0" authorizedParticipantPurchaseValue="0.000000000000" authorizedParticipantRedeemValue="0.000000000000"/>
          <authorizedParticipant authorizedParticipantName="GOLDMAN SACHS &amp; CO. LLC" authorizedParticipantFileNo="8-00129" authorizedParticipantCrdNo="000000361" authorizedParticipantLei="FOR8UP27PHTHYVLBNG30" authorizedParticipantRssdId="0" authorizedParticipantPurchaseValue="0.000000000000" authorizedParticipantRedeemValue="0.000000000000"/>
          <authorizedParticipant authorizedParticipantName="VIRTU AMERICAS LLC" authorizedParticipantFileNo="8-68193" authorizedParticipantCrdNo="000149823" authorizedParticipantLei="549300RA02N3BNSWBV74" authorizedParticipantRssdId="0" authorizedParticipantPurchaseValue="0.000000000000" authorizedParticipantRedeemValue="0.000000000000"/>
        </authorizedParticipants>
        <isCollateralRequired>N</isCollateralRequired>
        <creationUnitNumOfShares>10000.000000000000</creationUnitNumOfShares>
        <creationUnitRedeemedNumOfShares>10000.000000000000</creationUnitRedeemedNumOfShares>
        <averagePercentagePurchased>100.000000000000</averagePercentagePurchased>
        <standardDeviationPurchased>0.000000000000</standardDeviationPurchased>
        <creationUnitPurchasedInKind>0.000000000000</creationUnitPurchasedInKind>
        <creationUnitPurchasedSDInKind>0.000000000000</creationUnitPurchasedSDInKind>
        <averagePercentageRedeemed>100.000000000000</averagePercentageRedeemed>
        <percentSDRedeemed>0.000000000000</percentSDRedeemed>
        <creationUnitPercentageRedeemedInKind>0.000000000000</creationUnitPercentageRedeemedInKind>
        <creationUnitSDRedeemedInKind>0.000000000000</creationUnitSDRedeemedInKind>
        <creationUnitTransactionFeePerUnit>N/A</creationUnitTransactionFeePerUnit>
        <creationUnitTransactionFeeManyUnits>300.000000000000</creationUnitTransactionFeeManyUnits>
        <creationUnitTransactionFeePercentagePerUnit>N/A</creationUnitTransactionFeePercentagePerUnit>
        <creationUnitTransactionFeeCashPerUnit>N/A</creationUnitTransactionFeeCashPerUnit>
        <creationUnitTransactionFeeCashManyUnits>300.000000000000</creationUnitTransactionFeeCashManyUnits>
        <creationUnitTransactionFeeCashPercentagePerUnit>N/A</creationUnitTransactionFeeCashPercentagePerUnit>
        <purchaseCreationUnitDollarPerUnit>N/A</purchaseCreationUnitDollarPerUnit>
        <purchaseCreationUnitDollarPerMoreUnits>300.000000000000</purchaseCreationUnitDollarPerMoreUnits>
        <purchaseCreationUnitDollarPercentagePerUnit>N/A</purchaseCreationUnitDollarPercentagePerUnit>
        <purchaseCreationUnitCashPerUnit>N/A</purchaseCreationUnitCashPerUnit>
        <purchaseCreationUnitCashPerMoreUnits>300.000000000000</purchaseCreationUnitCashPerMoreUnits>
        <purchaseCreationUnitCashPercentagePerUnit>N/A</purchaseCreationUnitCashPercentagePerUnit>
        <isInKindETF>N</isInKindETF>
      </exchangeTradedFund>
      <exchangeTradedFund>
        <fundName>One+One Nasdaq-100 and Bitcoin ETF</fundName>
        <etfSeriesId>S000090387</etfSeriesId>
        <securityExchanges>
          <securityExchange fundExchange="XNAS" fundsTickerSymbol="OOQB"/>
        </securityExchanges>
        <authorizedParticipants>
          <authorizedParticipant authorizedParticipantName="GOLDMAN SACHS &amp; CO. LLC" authorizedParticipantFileNo="8-00129" authorizedParticipantCrdNo="000000361" authorizedParticipantLei="FOR8UP27PHTHYVLBNG30" authorizedParticipantRssdId="N/A" authorizedParticipantPurchaseValue="619012.000000000000" authorizedParticipantRedeemValue="730410.000000000000"/>
          <authorizedParticipant authorizedParticipantName="VIRTU AMERICAS LLC" authorizedParticipantFileNo="8-68193" authorizedParticipantCrdNo="000149823" authorizedParticipantLei="549300RA02N3BNSWBV74" authorizedParticipantRssdId="N/A" authorizedParticipantPurchaseValue="150944.000000000000" authorizedParticipantRedeemValue="529568.000000000000"/>
          <authorizedParticipant authorizedParticipantName="JANE STREET CAPITAL, LLC" authorizedParticipantFileNo="8-52275" authorizedParticipantCrdNo="000103782" authorizedParticipantLei="549300ZM16HMPEPNV857" authorizedParticipantRssdId="N/A" authorizedParticipantPurchaseValue="175953.000000000000" authorizedParticipantRedeemValue="0.000000000000"/>
          <authorizedParticipant authorizedParticipantName="ABN AMRO CLEARING CHICAGO LLC" authorizedParticipantFileNo="8-34354" authorizedParticipantCrdNo="000014020" authorizedParticipantLei="549300U16G4LU3V6C598" authorizedParticipantRssdId="N/A" authorizedParticipantPurchaseValue="0.000000000000" authorizedParticipantRedeemValue="0.000000000000"/>
          <authorizedParticipant authorizedParticipantName="MACQUARIE CAPITAL (USA) INC." authorizedParticipantFileNo="8-47198" authorizedParticipantCrdNo="000036368" authorizedParticipantLei="549300670K07JRB5UQ40" authorizedParticipantRssdId="N/A" authorizedParticipantPurchaseValue="0.000000000000" authorizedParticipantRedeemValue="0.000000000000"/>
          <authorizedParticipant authorizedParticipantName="J.P. Morgan Securities LLC" authorizedParticipantFileNo="8-35008" authorizedParticipantCrdNo="000000079" authorizedParticipantLei="ZBUT11V806EZRVTWT807" authorizedParticipantRssdId="1155420" authorizedParticipantPurchaseValue="0.000000000000" authorizedParticipantRedeemValue="0.000000000000"/>
          <authorizedParticipant authorizedParticipantName="MERRILL LYNCH PROFESSIONAL CLEARING CORP." authorizedParticipantFileNo="8-33359" authorizedParticipantCrdNo="000016139" authorizedParticipantLei="549300PMHS66E71I2D34" authorizedParticipantRssdId="N/A" authorizedParticipantPurchaseValue="0.000000000000" authorizedParticipantRedeemValue="0.000000000000"/>
        </authorizedParticipants>
        <isCollateralRequired>N</isCollateralRequired>
        <creationUnitNumOfShares>10000.000000000000</creationUnitNumOfShares>
        <creationUnitRedeemedNumOfShares>10000.000000000000</creationUnitRedeemedNumOfShares>
        <averagePercentagePurchased>100.000000000000</averagePercentagePurchased>
        <standardDeviationPurchased>0.000000000000</standardDeviationPurchased>
        <creationUnitPurchasedInKind>0.000000000000</creationUnitPurchasedInKind>
        <creationUnitPurchasedSDInKind>0.000000000000</creationUnitPurchasedSDInKind>
        <averagePercentageRedeemed>100.000000000000</averagePercentageRedeemed>
        <percentSDRedeemed>0.000000000000</percentSDRedeemed>
        <creationUnitPercentageRedeemedInKind>0.000000000000</creationUnitPercentageRedeemedInKind>
        <creationUnitSDRedeemedInKind>0.000000000000</creationUnitSDRedeemedInKind>
        <creationUnitTransactionFeePerUnit>N/A</creationUnitTransactionFeePerUnit>
        <creationUnitTransactionFeeManyUnits>300.000000000000</creationUnitTransactionFeeManyUnits>
        <creationUnitTransactionFeePercentagePerUnit>N/A</creationUnitTransactionFeePercentagePerUnit>
        <creationUnitTransactionFeeCashPerUnit>N/A</creationUnitTransactionFeeCashPerUnit>
        <creationUnitTransactionFeeCashManyUnits>300.000000000000</creationUnitTransactionFeeCashManyUnits>
        <creationUnitTransactionFeeCashPercentagePerUnit>N/A</creationUnitTransactionFeeCashPercentagePerUnit>
        <purchaseCreationUnitDollarPerUnit>N/A</purchaseCreationUnitDollarPerUnit>
        <purchaseCreationUnitDollarPerMoreUnits>300.000000000000</purchaseCreationUnitDollarPerMoreUnits>
        <purchaseCreationUnitDollarPercentagePerUnit>N/A</purchaseCreationUnitDollarPercentagePerUnit>
        <purchaseCreationUnitCashPerUnit>N/A</purchaseCreationUnitCashPerUnit>
        <purchaseCreationUnitCashPerMoreUnits>300.000000000000</purchaseCreationUnitCashPerMoreUnits>
        <purchaseCreationUnitCashPercentagePerUnit>N/A</purchaseCreationUnitCashPercentagePerUnit>
        <isInKindETF>N</isInKindETF>
      </exchangeTradedFund>
      <exchangeTradedFund>
        <fundName>One+One S&amp;P 500 and Bitcoin ETF</fundName>
        <etfSeriesId>S000090391</etfSeriesId>
        <securityExchanges>
          <securityExchange fundExchange="XNAS" fundsTickerSymbol="OOSB"/>
        </securityExchanges>
        <authorizedParticipants>
          <authorizedParticipant authorizedParticipantName="GOLDMAN SACHS &amp; CO. LLC" authorizedParticipantFileNo="8-00129" authorizedParticipantCrdNo="000000361" authorizedParticipantLei="FOR8UP27PHTHYVLBNG30" authorizedParticipantRssdId="N/A" authorizedParticipantPurchaseValue="0.000000000000" authorizedParticipantRedeemValue="760925.000000000000"/>
          <authorizedParticipant authorizedParticipantName="VIRTU AMERICAS LLC" authorizedParticipantFileNo="8-68193" authorizedParticipantCrdNo="000149823" authorizedParticipantLei="549300RA02N3BNSWBV74" authorizedParticipantRssdId="N/A" authorizedParticipantPurchaseValue="693360.000000000000" authorizedParticipantRedeemValue="0.000000000000"/>
          <authorizedParticipant authorizedParticipantName="JANE STREET CAPITAL, LLC" authorizedParticipantFileNo="8-52275" authorizedParticipantCrdNo="000103782" authorizedParticipantLei="549300ZM16HMPEPNV857" authorizedParticipantRssdId="N/A" authorizedParticipantPurchaseValue="0.000000000000" authorizedParticipantRedeemValue="171149.000000000000"/>
          <authorizedParticipant authorizedParticipantName="ABN AMRO CLEARING CHICAGO LLC" authorizedParticipantFileNo="8-34354" authorizedParticipantCrdNo="000014020" authorizedParticipantLei="549300U16G4LU3V6C598" authorizedParticipantRssdId="N/A" authorizedParticipantPurchaseValue="0.000000000000" authorizedParticipantRedeemValue="0.000000000000"/>
          <authorizedParticipant authorizedParticipantName="MACQUARIE CAPITAL (USA) INC." authorizedParticipantFileNo="8-47198" authorizedParticipantCrdNo="000036368" authorizedParticipantLei="549300670K07JRB5UQ40" authorizedParticipantRssdId="N/A" authorizedParticipantPurchaseValue="0.000000000000" authorizedParticipantRedeemValue="0.000000000000"/>
          <authorizedParticipant authorizedParticipantName="J.P. Morgan Securities LLC" authorizedParticipantFileNo="8-35008" authorizedParticipantCrdNo="000000079" authorizedParticipantLei="ZBUT11V806EZRVTWT807" authorizedParticipantRssdId="1155420" authorizedParticipantPurchaseValue="0.000000000000" authorizedParticipantRedeemValue="0.000000000000"/>
          <authorizedParticipant authorizedParticipantName="MERRILL LYNCH PROFESSIONAL CLEARING CORP." authorizedParticipantFileNo="8-33359" authorizedParticipantCrdNo="000016139" authorizedParticipantLei="549300PMHS66E71I2D34" authorizedParticipantRssdId="N/A" authorizedParticipantPurchaseValue="0.000000000000" authorizedParticipantRedeemValue="0.000000000000"/>
        </authorizedParticipants>
        <isCollateralRequired>N</isCollateralRequired>
        <creationUnitNumOfShares>10000.000000000000</creationUnitNumOfShares>
        <creationUnitRedeemedNumOfShares>10000.000000000000</creationUnitRedeemedNumOfShares>
        <averagePercentagePurchased>100.000000000000</averagePercentagePurchased>
        <standardDeviationPurchased>0.000000000000</standardDeviationPurchased>
        <creationUnitPurchasedInKind>0.000000000000</creationUnitPurchasedInKind>
        <creationUnitPurchasedSDInKind>0.000000000000</creationUnitPurchasedSDInKind>
        <averagePercentageRedeemed>100.000000000000</averagePercentageRedeemed>
        <percentSDRedeemed>0.000000000000</percentSDRedeemed>
        <creationUnitPercentageRedeemedInKind>0.000000000000</creationUnitPercentageRedeemedInKind>
        <creationUnitSDRedeemedInKind>0.000000000000</creationUnitSDRedeemedInKind>
        <creationUnitTransactionFeePerUnit>N/A</creationUnitTransactionFeePerUnit>
        <creationUnitTransactionFeeManyUnits>500.000000000000</creationUnitTransactionFeeManyUnits>
        <creationUnitTransactionFeePercentagePerUnit>N/A</creationUnitTransactionFeePercentagePerUnit>
        <creationUnitTransactionFeeCashPerUnit>N/A</creationUnitTransactionFeeCashPerUnit>
        <creationUnitTransactionFeeCashManyUnits>500.000000000000</creationUnitTransactionFeeCashManyUnits>
        <creationUnitTransactionFeeCashPercentagePerUnit>N/A</creationUnitTransactionFeeCashPercentagePerUnit>
        <purchaseCreationUnitDollarPerUnit>N/A</purchaseCreationUnitDollarPerUnit>
        <purchaseCreationUnitDollarPerMoreUnits>500.000000000000</purchaseCreationUnitDollarPerMoreUnits>
        <purchaseCreationUnitDollarPercentagePerUnit>N/A</purchaseCreationUnitDollarPercentagePerUnit>
        <purchaseCreationUnitCashPerUnit>N/A</purchaseCreationUnitCashPerUnit>
        <purchaseCreationUnitCashPerMoreUnits>500.000000000000</purchaseCreationUnitCashPerMoreUnits>
        <purchaseCreationUnitCashPercentagePerUnit>N/A</purchaseCreationUnitCashPercentagePerUnit>
        <isInKindETF>N</isInKindETF>
      </exchangeTradedFund>
      <exchangeTradedFund>
        <fundName>Solana ETF</fundName>
        <etfSeriesId>S000091119</etfSeriesId>
        <securityExchanges>
          <securityExchange fundExchange="XNAS" fundsTickerSymbol="SOLZ"/>
        </securityExchanges>
        <authorizedParticipants>
          <authorizedParticipant authorizedParticipantName="MACQUARIE CAPITAL (USA) INC." authorizedParticipantFileNo="8-47198" authorizedParticipantCrdNo="000036368" authorizedParticipantLei="549300670K07JRB5UQ40" authorizedParticipantRssdId="N/A" authorizedParticipantPurchaseValue="90297332.000000000000" authorizedParticipantRedeemValue="19904426.000000000000"/>
          <authorizedParticipant authorizedParticipantName="VIRTU AMERICAS LLC" authorizedParticipantFileNo="8-68193" authorizedParticipantCrdNo="000149823" authorizedParticipantLei="549300RA02N3BNSWBV74" authorizedParticipantRssdId="N/A" authorizedParticipantPurchaseValue="35574298.000000000000" authorizedParticipantRedeemValue="3401990.000000000000"/>
          <authorizedParticipant authorizedParticipantName="MERRILL LYNCH PROFESSIONAL CLEARING CORP." authorizedParticipantFileNo="8-33359" authorizedParticipantCrdNo="000016139" authorizedParticipantLei="549300PMHS66E71I2D34" authorizedParticipantRssdId="N/A" authorizedParticipantPurchaseValue="1396288.000000000000" authorizedParticipantRedeemValue="601767.000000000000"/>
          <authorizedParticipant authorizedParticipantName="ABN AMRO CLEARING CHICAGO LLC" authorizedParticipantFileNo="8-34354" authorizedParticipantCrdNo="000014020" authorizedParticipantLei="549300U16G4LU3V6C598" authorizedParticipantRssdId="N/A" authorizedParticipantPurchaseValue="7342266.000000000000" authorizedParticipantRedeemValue="7815455.000000000000"/>
          <authorizedParticipant authorizedParticipantName="JANE STREET CAPITAL, LLC" authorizedParticipantFileNo="8-52275" authorizedParticipantCrdNo="000103782" authorizedParticipantLei="549300ZM16HMPEPNV857" authorizedParticipantRssdId="N/A" authorizedParticipantPurchaseValue="217816781.000000000000" authorizedParticipantRedeemValue="95089291.000000000000"/>
          <authorizedParticipant authorizedParticipantName="J.P. Morgan Securities LLC" authorizedParticipantFileNo="8-35008" authorizedParticipantCrdNo="000000079" authorizedParticipantLei="ZBUT11V806EZRVTWT807" authorizedParticipantRssdId="1155420" authorizedParticipantPurchaseValue="0.000000000000" authorizedParticipantRedeemValue="0.000000000000"/>
          <authorizedParticipant authorizedParticipantName="GOLDMAN SACHS &amp; CO. LLC" authorizedParticipantFileNo="8-00129" authorizedParticipantCrdNo="000000361" authorizedParticipantLei="FOR8UP27PHTHYVLBNG30" authorizedParticipantRssdId="N/A" authorizedParticipantPurchaseValue="0.000000000000" authorizedParticipantRedeemValue="0.000000000000"/>
        </authorizedParticipants>
        <isCollateralRequired>N</isCollateralRequired>
        <creationUnitNumOfShares>10000.000000000000</creationUnitNumOfShares>
        <creationUnitRedeemedNumOfShares>10000.000000000000</creationUnitRedeemedNumOfShares>
        <averagePercentagePurchased>100.000000000000</averagePercentagePurchased>
        <standardDeviationPurchased>0.000000000000</standardDeviationPurchased>
        <creationUnitPurchasedInKind>0.000000000000</creationUnitPurchasedInKind>
        <creationUnitPurchasedSDInKind>0.000000000000</creationUnitPurchasedSDInKind>
        <averagePercentageRedeemed>100.000000000000</averagePercentageRedeemed>
        <percentSDRedeemed>0.000000000000</percentSDRedeemed>
        <creationUnitPercentageRedeemedInKind>0.000000000000</creationUnitPercentageRedeemedInKind>
        <creationUnitSDRedeemedInKind>0.000000000000</creationUnitSDRedeemedInKind>
        <creationUnitTransactionFeePerUnit>N/A</creationUnitTransactionFeePerUnit>
        <creationUnitTransactionFeeManyUnits>300.000000000000</creationUnitTransactionFeeManyUnits>
        <creationUnitTransactionFeePercentagePerUnit>N/A</creationUnitTransactionFeePercentagePerUnit>
        <creationUnitTransactionFeeCashPerUnit>N/A</creationUnitTransactionFeeCashPerUnit>
        <creationUnitTransactionFeeCashManyUnits>300.000000000000</creationUnitTransactionFeeCashManyUnits>
        <creationUnitTransactionFeeCashPercentagePerUnit>N/A</creationUnitTransactionFeeCashPercentagePerUnit>
        <purchaseCreationUnitDollarPerUnit>N/A</purchaseCreationUnitDollarPerUnit>
        <purchaseCreationUnitDollarPerMoreUnits>300.000000000000</purchaseCreationUnitDollarPerMoreUnits>
        <purchaseCreationUnitDollarPercentagePerUnit>N/A</purchaseCreationUnitDollarPercentagePerUnit>
        <purchaseCreationUnitCashPerUnit>N/A</purchaseCreationUnitCashPerUnit>
        <purchaseCreationUnitCashPerMoreUnits>300.000000000000</purchaseCreationUnitCashPerMoreUnits>
        <purchaseCreationUnitCashPercentagePerUnit>N/A</purchaseCreationUnitCashPercentagePerUnit>
        <isInKindETF>N</isInKindETF>
      </exchangeTradedFund>
      <exchangeTradedFund>
        <fundName>2x Solana</fundName>
        <etfSeriesId>S000091118</etfSeriesId>
        <securityExchanges>
          <securityExchange fundExchange="XNAS" fundsTickerSymbol="SOLT"/>
        </securityExchanges>
        <authorizedParticipants>
          <authorizedParticipant authorizedParticipantName="GOLDMAN SACHS &amp; CO. LLC" authorizedParticipantFileNo="8-00129" authorizedParticipantCrdNo="000000361" authorizedParticipantLei="FOR8UP27PHTHYVLBNG30" authorizedParticipantRssdId="N/A" authorizedParticipantPurchaseValue="547075.000000000000" authorizedParticipantRedeemValue="0.000000000000"/>
          <authorizedParticipant authorizedParticipantName="MACQUARIE CAPITAL (USA) INC." authorizedParticipantFileNo="8-47198" authorizedParticipantCrdNo="000036368" authorizedParticipantLei="549300670K07JRB5UQ40" authorizedParticipantRssdId="N/A" authorizedParticipantPurchaseValue="396451537.000000000000" authorizedParticipantRedeemValue="113087079.000000000000"/>
          <authorizedParticipant authorizedParticipantName="VIRTU AMERICAS LLC" authorizedParticipantFileNo="8-68193" authorizedParticipantCrdNo="000149823" authorizedParticipantLei="549300RA02N3BNSWBV74" authorizedParticipantRssdId="N/A" authorizedParticipantPurchaseValue="128869817.000000000000" authorizedParticipantRedeemValue="12134373.000000000000"/>
          <authorizedParticipant authorizedParticipantName="MERRILL LYNCH PROFESSIONAL CLEARING CORP." authorizedParticipantFileNo="8-33359" authorizedParticipantCrdNo="000016139" authorizedParticipantLei="549300PMHS66E71I2D34" authorizedParticipantRssdId="N/A" authorizedParticipantPurchaseValue="0.000000000000" authorizedParticipantRedeemValue="20418240.000000000000"/>
          <authorizedParticipant authorizedParticipantName="ABN AMRO CLEARING CHICAGO LLC" authorizedParticipantFileNo="8-34354" authorizedParticipantCrdNo="000014020" authorizedParticipantLei="549300U16G4LU3V6C598" authorizedParticipantRssdId="N/A" authorizedParticipantPurchaseValue="54663419.000000000000" authorizedParticipantRedeemValue="19605548.000000000000"/>
          <authorizedParticipant authorizedParticipantName="JANE STREET CAPITAL, LLC" authorizedParticipantFileNo="8-52275" authorizedParticipantCrdNo="000103782" authorizedParticipantLei="549300ZM16HMPEPNV857" authorizedParticipantRssdId="N/A" authorizedParticipantPurchaseValue="602441607.000000000000" authorizedParticipantRedeemValue="116767337.000000000000"/>
          <authorizedParticipant authorizedParticipantName="J.P. Morgan Securities LLC" authorizedParticipantFileNo="8-35008" authorizedParticipantCrdNo="000000079" authorizedParticipantLei="ZBUT11V806EZRVTWT807" authorizedParticipantRssdId="1155420" authorizedParticipantPurchaseValue="0.000000000000" authorizedParticipantRedeemValue="0.000000000000"/>
        </authorizedParticipants>
        <isCollateralRequired>N</isCollateralRequired>
        <creationUnitNumOfShares>10000.000000000000</creationUnitNumOfShares>
        <creationUnitRedeemedNumOfShares>10000.000000000000</creationUnitRedeemedNumOfShares>
        <averagePercentagePurchased>100.000000000000</averagePercentagePurchased>
        <standardDeviationPurchased>0.000000000000</standardDeviationPurchased>
        <creationUnitPurchasedInKind>0.000000000000</creationUnitPurchasedInKind>
        <creationUnitPurchasedSDInKind>0.000000000000</creationUnitPurchasedSDInKind>
        <averagePercentageRedeemed>100.000000000000</averagePercentageRedeemed>
        <percentSDRedeemed>0.000000000000</percentSDRedeemed>
        <creationUnitPercentageRedeemedInKind>0.000000000000</creationUnitPercentageRedeemedInKind>
        <creationUnitSDRedeemedInKind>0.000000000000</creationUnitSDRedeemedInKind>
        <creationUnitTransactionFeePerUnit>N/A</creationUnitTransactionFeePerUnit>
        <creationUnitTransactionFeeManyUnits>300.000000000000</creationUnitTransactionFeeManyUnits>
        <creationUnitTransactionFeePercentagePerUnit>N/A</creationUnitTransactionFeePercentagePerUnit>
        <creationUnitTransactionFeeCashPerUnit>N/A</creationUnitTransactionFeeCashPerUnit>
        <creationUnitTransactionFeeCashManyUnits>300.000000000000</creationUnitTransactionFeeCashManyUnits>
        <creationUnitTransactionFeeCashPercentagePerUnit>N/A</creationUnitTransactionFeeCashPercentagePerUnit>
        <purchaseCreationUnitDollarPerUnit>N/A</purchaseCreationUnitDollarPerUnit>
        <purchaseCreationUnitDollarPerMoreUnits>300.000000000000</purchaseCreationUnitDollarPerMoreUnits>
        <purchaseCreationUnitDollarPercentagePerUnit>N/A</purchaseCreationUnitDollarPercentagePerUnit>
        <purchaseCreationUnitCashPerUnit>N/A</purchaseCreationUnitCashPerUnit>
        <purchaseCreationUnitCashPerMoreUnits>300.000000000000</purchaseCreationUnitCashPerMoreUnits>
        <purchaseCreationUnitCashPercentagePerUnit>N/A</purchaseCreationUnitCashPercentagePerUnit>
        <isInKindETF>N</isInKindETF>
      </exchangeTradedFund>
      <exchangeTradedFund>
        <fundName>XRP ETF</fundName>
        <etfSeriesId>S000092516</etfSeriesId>
        <securityExchanges>
          <securityExchange fundExchange="XNAS" fundsTickerSymbol="XRPI"/>
        </securityExchanges>
        <authorizedParticipants>
          <authorizedParticipant authorizedParticipantName="GOLDMAN SACHS &amp; CO. LLC" authorizedParticipantFileNo="8-00129" authorizedParticipantCrdNo="000000361" authorizedParticipantLei="FOR8UP27PHTHYVLBNG30" authorizedParticipantRssdId="N/A" authorizedParticipantPurchaseValue="47169206.000000000000" authorizedParticipantRedeemValue="3013531.000000000000"/>
          <authorizedParticipant authorizedParticipantName="MACQUARIE CAPITAL (USA) INC." authorizedParticipantFileNo="8-47198" authorizedParticipantCrdNo="000036368" authorizedParticipantLei="549300670K07JRB5UQ40" authorizedParticipantRssdId="N/A" authorizedParticipantPurchaseValue="15101443.000000000000" authorizedParticipantRedeemValue="0.000000000000"/>
          <authorizedParticipant authorizedParticipantName="VIRTU AMERICAS LLC" authorizedParticipantFileNo="8-68193" authorizedParticipantCrdNo="000149823" authorizedParticipantLei="549300RA02N3BNSWBV74" authorizedParticipantRssdId="N/A" authorizedParticipantPurchaseValue="64779367.000000000000" authorizedParticipantRedeemValue="3746827.000000000000"/>
          <authorizedParticipant authorizedParticipantName="ABN AMRO CLEARING CHICAGO LLC" authorizedParticipantFileNo="8-34354" authorizedParticipantCrdNo="000014020" authorizedParticipantLei="549300U16G4LU3V6C598" authorizedParticipantRssdId="N/A" authorizedParticipantPurchaseValue="1213993.000000000000" authorizedParticipantRedeemValue="0.000000000000"/>
          <authorizedParticipant authorizedParticipantName="JANE STREET CAPITAL, LLC" authorizedParticipantFileNo="8-52275" authorizedParticipantCrdNo="000103782" authorizedParticipantLei="549300ZM16HMPEPNV857" authorizedParticipantRssdId="N/A" authorizedParticipantPurchaseValue="151077230.000000000000" authorizedParticipantRedeemValue="34002679.000000000000"/>
          <authorizedParticipant authorizedParticipantName="J.P. Morgan Securities LLC" authorizedParticipantFileNo="8-35008" authorizedParticipantCrdNo="000000079" authorizedParticipantLei="ZBUT11V806EZRVTWT807" authorizedParticipantRssdId="1155420" authorizedParticipantPurchaseValue="0.000000000000" authorizedParticipantRedeemValue="0.000000000000"/>
          <authorizedParticipant authorizedParticipantName="MERRILL LYNCH PROFESSIONAL CLEARING CORP." authorizedParticipantFileNo="8-33359" authorizedParticipantCrdNo="000016139" authorizedParticipantLei="549300PMHS66E71I2D34" authorizedParticipantRssdId="N/A" authorizedParticipantPurchaseValue="0.000000000000" authorizedParticipantRedeemValue="0.000000000000"/>
        </authorizedParticipants>
        <isCollateralRequired>N</isCollateralRequired>
        <creationUnitNumOfShares>10000.000000000000</creationUnitNumOfShares>
        <creationUnitRedeemedNumOfShares>10000.000000000000</creationUnitRedeemedNumOfShares>
        <averagePercentagePurchased>100.000000000000</averagePercentagePurchased>
        <standardDeviationPurchased>0.000000000000</standardDeviationPurchased>
        <creationUnitPurchasedInKind>0.000000000000</creationUnitPurchasedInKind>
        <creationUnitPurchasedSDInKind>0.000000000000</creationUnitPurchasedSDInKind>
        <averagePercentageRedeemed>100.000000000000</averagePercentageRedeemed>
        <percentSDRedeemed>0.000000000000</percentSDRedeemed>
        <creationUnitPercentageRedeemedInKind>0.000000000000</creationUnitPercentageRedeemedInKind>
        <creationUnitSDRedeemedInKind>0.000000000000</creationUnitSDRedeemedInKind>
        <creationUnitTransactionFeePerUnit>N/A</creationUnitTransactionFeePerUnit>
        <creationUnitTransactionFeeManyUnits>300.000000000000</creationUnitTransactionFeeManyUnits>
        <creationUnitTransactionFeePercentagePerUnit>N/A</creationUnitTransactionFeePercentagePerUnit>
        <creationUnitTransactionFeeCashPerUnit>N/A</creationUnitTransactionFeeCashPerUnit>
        <creationUnitTransactionFeeCashManyUnits>300.000000000000</creationUnitTransactionFeeCashManyUnits>
        <creationUnitTransactionFeeCashPercentagePerUnit>N/A</creationUnitTransactionFeeCashPercentagePerUnit>
        <purchaseCreationUnitDollarPerUnit>N/A</purchaseCreationUnitDollarPerUnit>
        <purchaseCreationUnitDollarPerMoreUnits>300.000000000000</purchaseCreationUnitDollarPerMoreUnits>
        <purchaseCreationUnitDollarPercentagePerUnit>N/A</purchaseCreationUnitDollarPercentagePerUnit>
        <purchaseCreationUnitCashPerUnit>N/A</purchaseCreationUnitCashPerUnit>
        <purchaseCreationUnitCashPerMoreUnits>300.000000000000</purchaseCreationUnitCashPerMoreUnits>
        <purchaseCreationUnitCashPercentagePerUnit>N/A</purchaseCreationUnitCashPercentagePerUnit>
        <isInKindETF>N</isInKindETF>
      </exchangeTradedFund>
      <exchangeTradedFund>
        <fundName>2x XRP ETF</fundName>
        <etfSeriesId>S000092517</etfSeriesId>
        <securityExchanges>
          <securityExchange fundExchange="XNAS" fundsTickerSymbol="XRPT"/>
        </securityExchanges>
        <authorizedParticipants>
          <authorizedParticipant authorizedParticipantName="GOLDMAN SACHS &amp; CO. LLC" authorizedParticipantFileNo="8-00129 " authorizedParticipantCrdNo="000000361" authorizedParticipantLei="FOR8UP27PHTHYVLBNG30" authorizedParticipantRssdId="N/A" authorizedParticipantPurchaseValue="83843036.000000000000" authorizedParticipantRedeemValue="2155751.000000000000"/>
          <authorizedParticipant authorizedParticipantName="MACQUARIE CAPITAL (USA) INC." authorizedParticipantFileNo="8-47198" authorizedParticipantCrdNo="000036368" authorizedParticipantLei="549300670K07JRB5UQ40" authorizedParticipantRssdId="N/A" authorizedParticipantPurchaseValue="16428408.000000000000" authorizedParticipantRedeemValue="0.000000000000"/>
          <authorizedParticipant authorizedParticipantName="VIRTU AMERICAS LLC" authorizedParticipantFileNo="8-68193" authorizedParticipantCrdNo="000149823" authorizedParticipantLei="549300RA02N3BNSWBV74" authorizedParticipantRssdId="N/A" authorizedParticipantPurchaseValue="133916070.000000000000" authorizedParticipantRedeemValue="3191352.000000000000"/>
          <authorizedParticipant authorizedParticipantName="ABN AMRO CLEARING CHICAGO LLC" authorizedParticipantFileNo="8-34354" authorizedParticipantCrdNo="000014020" authorizedParticipantLei="549300U16G4LU3V6C598" authorizedParticipantRssdId="N/A" authorizedParticipantPurchaseValue="1028760.000000000000" authorizedParticipantRedeemValue="0.000000000000"/>
          <authorizedParticipant authorizedParticipantName="JANE STREET CAPITAL, LLC" authorizedParticipantFileNo="8-52275" authorizedParticipantCrdNo="000103782" authorizedParticipantLei="549300ZM16HMPEPNV857" authorizedParticipantRssdId="N/A" authorizedParticipantPurchaseValue="122276585.000000000000" authorizedParticipantRedeemValue="13432161.000000000000"/>
          <authorizedParticipant authorizedParticipantName="J.P. Morgan Securities LLC" authorizedParticipantFileNo="8-35008" authorizedParticipantCrdNo="000000079" authorizedParticipantLei="ZBUT11V806EZRVTWT807" authorizedParticipantRssdId="1155420" authorizedParticipantPurchaseValue="0.000000000000" authorizedParticipantRedeemValue="0.000000000000"/>
          <authorizedParticipant authorizedParticipantName="MERRILL LYNCH PROFESSIONAL CLEARING CORP." authorizedParticipantFileNo="8-33359" authorizedParticipantCrdNo="000016139" authorizedParticipantLei="549300PMHS66E71I2D34" authorizedParticipantRssdId="N/A" authorizedParticipantPurchaseValue="0.000000000000" authorizedParticipantRedeemValue="0.000000000000"/>
        </authorizedParticipants>
        <isCollateralRequired>N</isCollateralRequired>
        <creationUnitNumOfShares>10000.000000000000</creationUnitNumOfShares>
        <creationUnitRedeemedNumOfShares>10000.000000000000</creationUnitRedeemedNumOfShares>
        <averagePercentagePurchased>100.000000000000</averagePercentagePurchased>
        <standardDeviationPurchased>0.000000000000</standardDeviationPurchased>
        <creationUnitPurchasedInKind>0.000000000000</creationUnitPurchasedInKind>
        <creationUnitPurchasedSDInKind>0.000000000000</creationUnitPurchasedSDInKind>
        <averagePercentageRedeemed>100.000000000000</averagePercentageRedeemed>
        <percentSDRedeemed>0.000000000000</percentSDRedeemed>
        <creationUnitPercentageRedeemedInKind>0.000000000000</creationUnitPercentageRedeemedInKind>
        <creationUnitSDRedeemedInKind>0.000000000000</creationUnitSDRedeemedInKind>
        <creationUnitTransactionFeePerUnit>N/A</creationUnitTransactionFeePerUnit>
        <creationUnitTransactionFeeManyUnits>300.000000000000</creationUnitTransactionFeeManyUnits>
        <creationUnitTransactionFeePercentagePerUnit>N/A</creationUnitTransactionFeePercentagePerUnit>
        <creationUnitTransactionFeeCashPerUnit>N/A</creationUnitTransactionFeeCashPerUnit>
        <creationUnitTransactionFeeCashManyUnits>300.000000000000</creationUnitTransactionFeeCashManyUnits>
        <creationUnitTransactionFeeCashPercentagePerUnit>N/A</creationUnitTransactionFeeCashPercentagePerUnit>
        <purchaseCreationUnitDollarPerUnit>N/A</purchaseCreationUnitDollarPerUnit>
        <purchaseCreationUnitDollarPerMoreUnits>300.000000000000</purchaseCreationUnitDollarPerMoreUnits>
        <purchaseCreationUnitDollarPercentagePerUnit>N/A</purchaseCreationUnitDollarPercentagePerUnit>
        <purchaseCreationUnitCashPerUnit>N/A</purchaseCreationUnitCashPerUnit>
        <purchaseCreationUnitCashPerMoreUnits>300.000000000000</purchaseCreationUnitCashPerMoreUnits>
        <purchaseCreationUnitCashPercentagePerUnit>N/A</purchaseCreationUnitCashPercentagePerUnit>
        <isInKindETF>N</isInKindETF>
      </exchangeTradedFund>
    </exchangeSeriesInfo>
    <attachmentsTab>
      <isIPAReportInternalControl>true</isIPAReportInternalControl>
    </attachmentsTab>
    <signature registrantSignedName="Volatility Shares Trust" signedDate="2026-05-14" signature="/s/ Chang Kim" title="Chief Financial Officer"/>
  </formData>
</edgarSubmission>
