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      <liveTestFlag>LIVE</liveTestFlag>
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        <issuerCredentials>
          <!--Field: Pseudo-Tag; ID: Name; Data: Volatility Shares Trust-->
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          <ccc>XXXXXXXX</ccc>
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    <!--Field: Pseudo-Tag; ID: Fee Days; Data:-->
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    <annualFilings>
      <annualFilingInfo>
        <item1>
          <nameOfIssuer>Volatility Shares Trust</nameOfIssuer>
          <addressOfIssuer>
            <street1>2000 PGA Blvd</street1>
            <street2>Suite 4440</street2>
            <city>Palm Beach Gardens</city>
            <state>FL</state>
            <country>X1</country>
            <zipCode>33408</zipCode>
          </addressOfIssuer>
        </item1>
        <item2>
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              <seriesName>One+One Nasdaq-100(R) and Bitcoin ETF</seriesName>
              <seriesId>S000090387</seriesId>
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                <className>One+One Nasdaq-100(R) and Bitcoin ETF</className>
                <classId>C000257395</classId>
              </classInfo>
            </rptSeriesClassInfo>
            <rptSeriesClassInfo>
              <seriesName>One+One S&amp;P 500 and Bitcoin ETF</seriesName>
              <seriesId>S000090391</seriesId>
              <classInfo>
                <className>One+One S&amp;P 500 and Bitcoin ETF</className>
                <classId>C000257399</classId>
              </classInfo>
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          </reportSeriesClass>
        </item2>
        <item3>
          <investmentCompActFileNo>811-23785</investmentCompActFileNo>
          <securitiesActFileNumbers>
            <securitiesActFileNo>
              <fileNumber>333-263619</fileNumber>
            </securitiesActFileNo>
          </securitiesActFileNumbers>
        </item3>
        <item4>
          <lastDayOfFiscalYear>04/10/2026</lastDayOfFiscalYear>
          <isThisFormBeingFiledLate>true</isThisFormBeingFiledLate>
        </item4>
        <item5>
          <aggregateSalePriceOfSecuritiesSold>0.00</aggregateSalePriceOfSecuritiesSold>
          <aggregatePriceOfSecuritiesRedeemedOrRepurchasedInFiscalYear>413120.00</aggregatePriceOfSecuritiesRedeemedOrRepurchasedInFiscalYear>
          <aggregatePriceOfSecuritiesRedeemedOrRepurchasedAnyPrior>0.00</aggregatePriceOfSecuritiesRedeemedOrRepurchasedAnyPrior>
          <totalAvailableRedemptionCredits>413120.00</totalAvailableRedemptionCredits>
          <netSales>0.00</netSales>
          <redemptionCreditsAvailableForUseInFutureYears>(413120.00)</redemptionCreditsAvailableForUseInFutureYears>
          <multiplierForDeterminingRegistrationFee>0.000138100</multiplierForDeterminingRegistrationFee>
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          <!--Field: Pseudo-Tag; ID: Fee Days; Data:-->
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          <totalOfRegistrationFeePlusAnyInterestDue>0.00</totalOfRegistrationFeePlusAnyInterestDue>
        </item7>
        <item8>
          <explanatoryNotes>The issuer may provide any information it believes would be helpful in understanding the information reported in response to any item of this Form. To the extent responses relate to a particular item, provide the item number(s), as applicable.</explanatoryNotes>
        </item8>
        <signature>
          <signature>/s/ Chang Kim</signature>
          <nameAndTitle>Chang Kim, Chief Financial Officer</nameAndTitle>
          <signatureDate>07/24/2026</signatureDate>
        </signature>
      </annualFilingInfo>
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