<?xml version="1.0" encoding="UTF-8"?>
<edgarSubmission xmlns:com="http://www.sec.gov/edgar/common" xmlns="http://www.sec.gov/edgar/npx">
  <headerData>
    <submissionType>N-PX</submissionType>
    <filerInfo>
      <registrantType>RMIC</registrantType>
      <liveTestFlag>LIVE</liveTestFlag>
      <filer>
        <issuerCredentials>
          <cik>0001884021</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>
      <investmentCompanyType>N-1A</investmentCompanyType>
      <periodOfReport>06/30/2024</periodOfReport>
    </filerInfo>
    <seriesClass>
      <reportSeriesClass>
        <rptSeriesClassInfo>
          <seriesId>S000079788</seriesId>
          <classInfo>
            <classId>C000241151</classId>
          </classInfo>
        </rptSeriesClassInfo>
        <rptSeriesClassInfo>
          <seriesId>S000079790</seriesId>
          <classInfo>
            <classId>C000241153</classId>
          </classInfo>
        </rptSeriesClassInfo>
        <rptSeriesClassInfo>
          <seriesId>S000080610</seriesId>
          <classInfo>
            <classId>C000243124</classId>
          </classInfo>
        </rptSeriesClassInfo>
        <rptSeriesClassInfo>
          <seriesId>S000082325</seriesId>
          <classInfo>
            <classId>C000245626</classId>
          </classInfo>
        </rptSeriesClassInfo>
      </reportSeriesClass>
    </seriesClass>
  </headerData>
  <formData>
    <coverPage>
      <yearOrQuarter>YEAR</yearOrQuarter>
      <reportCalendarYear>2024</reportCalendarYear>
      <reportingPerson>
        <name>Volatility Shares Trust</name>
        <phoneNumber>202-854-1343</phoneNumber>
        <address>
          <com:street1>2000 PGA Blvd</com:street1>
          <com:street2>Suite 4440</com:street2>
          <com:city>Palm Beach Gardens</com:city>
          <com:stateOrCountry>FL</com:stateOrCountry>
          <com:zipCode>33408</com:zipCode>
        </address>
      </reportingPerson>
      <agentForService>
        <name>Corporation Service Company</name>
        <address>
          <com:street1>251 Little Falls Drive</com:street1>
          <com:city>Wilmington</com:city>
          <com:stateOrCountry>DE</com:stateOrCountry>
          <com:zipCode>19808</com:zipCode>
        </address>
      </agentForService>
      <reportInfo>
        <reportType>FUND NOTICE REPORT</reportType>
      </reportInfo>
      <fileNumber>811-23785</fileNumber>
      <explanatoryInformation>
        <explanatoryChoice>Y</explanatoryChoice>
        <explanatoryNotes>The following Portfolio did not hold any voting securities and accordingly did not vote any proxies during the reporting period: Name Series Class/Contract Volatility Shares S&amp;P 500 High Volatility Index ETF S000076436 C000236317</explanatoryNotes>
      </explanatoryInformation>
    </coverPage>
    <seriesPage>
      <seriesCount>4</seriesCount>
      <seriesDetails>
        <seriesReports>
          <idOfSeries>S000079788</idOfSeries>
          <nameOfSeries>1x Long VIX Futures Strategy K-1 Free ETF</nameOfSeries>
          <leiOfSeries>54930004PRGEJXU13B61</leiOfSeries>
        </seriesReports>
        <seriesReports>
          <idOfSeries>S000079790</idOfSeries>
          <nameOfSeries>-1x Short VIX Mid-Term Futures Strategy ETF</nameOfSeries>
          <leiOfSeries>54930004PIFZQCY1G840</leiOfSeries>
        </seriesReports>
        <seriesReports>
          <idOfSeries>S000080610</idOfSeries>
          <nameOfSeries>2x Bitcoin Strategy ETF</nameOfSeries>
          <leiOfSeries>5493000EQPCVFIDP2125</leiOfSeries>
        </seriesReports>
        <seriesReports>
          <idOfSeries>S000082325</idOfSeries>
          <nameOfSeries>2x Ether ETF</nameOfSeries>
          <leiOfSeries>529900Z1SRLAIAYDC325</leiOfSeries>
        </seriesReports>
      </seriesDetails>
    </seriesPage>
    <signaturePage>
      <reportingPerson>Volatility Shares Trust</reportingPerson>
      <txSignature>Justin Young</txSignature>
      <txPrintedSignature>Justin Young</txPrintedSignature>
      <txTitle>Principial Executive Officer</txTitle>
      <txAsOfDate>08/30/2024</txAsOfDate>
    </signaturePage>
  </formData>
</edgarSubmission>
