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        <assetCat>DE</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>NYSEAmerican</counterpartyName>
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            <unrealizedAppr>4295.410000000000</unrealizedAppr>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>NYSEAmerican</counterpartyName>
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      <invstOrSec>
        <name>N/A</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>BitMine Immersion Technologies</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Circle Internet Group Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Cleanspark Inc</name>
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      <invstOrSec>
        <name>Galaxy Digital Inc</name>
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        <name>GameStop Corp</name>
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        <name>Hut 8 Corp</name>
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        <name>iShares Bitcoin Trust ETF</name>
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        <title>iShares Bitcoin Trust ETF</title>
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        <name>NVIDIA Corp</name>
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        <name>Opera Ltd</name>
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        <title>Opera Ltd</title>
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        <name>PayPal Holdings Inc</name>
        <lei>5493005X2GO78EFZ3E94</lei>
        <title>PayPal Holdings Inc</title>
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        <name>Riot Platforms Inc</name>
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        <title>Riot Platforms Inc</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Block Inc</name>
        <lei>549300OHIIUWSTIZME52</lei>
        <title>Block Inc</title>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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        <lei>N/A</lei>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <assetCat>DE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Core Scientific Inc</title>
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          <ticker value="CORZ 8 C14.5"/>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Core Scientific Inc</title>
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          <ticker value="CORZ 8 C15"/>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <ticker value="CORZ 8 C16"/>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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      <invstOrSec>
        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Bitdeer Technologies Group</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>N/A</name>
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        <name>N/A</name>
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          <ticker value="NU 8 C13"/>
          <other otherDesc="BBGID" value="BBG01VJC5YF7"/>
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        <balance>-6333.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>NYSEAmerican</counterpartyName>
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          <isCashCollateral>N</isCashCollateral>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>Opera Ltd</title>
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        <units>NC</units>
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        <valUSD>-3380.000000000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Equity Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>NYSEAmerican</counterpartyName>
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            <delta>XXXX</delta>
            <unrealizedAppr>-599.070000000000</unrealizedAppr>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Bitdeer Technologies Group</title>
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        <balance>-80.000000000000</balance>
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        <curCd>USD</curCd>
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        <pctVal>-0.0011355683</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Equity Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>NYSEAmerican</counterpartyName>
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                  <ticker value="BTDR"/>
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            <delta>XXXX</delta>
            <unrealizedAppr>-365.360000000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Bitdeer Technologies Group</title>
        <cusip>N/A</cusip>
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          <ticker value="BTDR 8 C14.5"/>
          <other otherDesc="BBGID" value="BBG01VSFH409"/>
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        <balance>-4116.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-102900.000000000000</valUSD>
        <pctVal>-0.0531136247</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Equity Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>NYSEAmerican</counterpartyName>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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                <issuerName>Bitdeer Technologies Group</issuerName>
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                  <ticker value="BTDR"/>
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            <expDt>2025-08-08</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>78031.840000000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>iShares Ethereum Trust ETF</title>
        <cusip>N/A</cusip>
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          <ticker value="ETHA 8 C31"/>
          <other otherDesc="BBGID" value="BBG01VJVXGB7"/>
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        <balance>-2743.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-5486.000000000000</valUSD>
        <pctVal>-0.0028316943</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Equity Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>NSDQOMX PHLX</counterpartyName>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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                <issuerName>iShares Ethereum Trust ETF</issuerName>
                <issueTitle>iShares Ethereum Trust ETF</issueTitle>
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                  <cusip value="46438R105"/>
                  <isin value="US46438R1059"/>
                  <ticker value="ETHA"/>
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            <shareNo>100.000000000000</shareNo>
            <exercisePrice>31.000000000000</exercisePrice>
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            <expDt>2025-08-01</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>76936.470000000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Galaxy Digital Inc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="GLXY 8 C36"/>
          <other otherDesc="BBGID" value="BBG01W5DXHP3"/>
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        <balance>1249.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>6245.010000000000</valUSD>
        <pctVal>0.0032234705</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Equity Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>NYSEAmerican</counterpartyName>
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            <putOrCall>Call</putOrCall>
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                <issuerName>Galaxy Digital Inc</issuerName>
                <issueTitle>Galaxy Digital Inc</issueTitle>
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                  <cusip value="36317J209"/>
                  <isin value="US36317J2096"/>
                  <ticker value="GLXY"/>
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            <shareNo>100.000000000000</shareNo>
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            <expDt>2025-08-01</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-31401.790000000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>GameStop Corp</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="GME 8 C24"/>
          <other otherDesc="BBGID" value="BBG01VHXMY55"/>
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        <balance>-2530.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-11385.000000000000</valUSD>
        <pctVal>-0.0058765658</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Equity Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>NYSEAmerican</counterpartyName>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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                <issueTitle>GameStop Corp</issueTitle>
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            <delta>XXXX</delta>
            <unrealizedAppr>74240.360000000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>GameStop Corp</title>
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          <ticker value="GME 8 C24.5"/>
          <other otherDesc="BBGID" value="BBG01VHXMXK0"/>
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        <balance>-47.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-141.000000000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Equity Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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              <counterpartyName>NYSEAmerican</counterpartyName>
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            <delta>XXXX</delta>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>GameStop Corp</title>
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          <ticker value="GME 8 C26.5"/>
          <other otherDesc="BBGID" value="BBG01VHXNY63"/>
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        <balance>2329.000000000000</balance>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Equity Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>NYSEAmerican</counterpartyName>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>GameStop Corp</title>
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          <ticker value="GME 8 C27.5"/>
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        <balance>223.000000000000</balance>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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            <counterparties>
              <counterpartyName>NYSEAmerican</counterpartyName>
              <counterpartyLei>5493000F4ZO33MV32P92</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>PayPal Holdings Inc</issuerName>
                <issueTitle>PayPal Holdings Inc</issueTitle>
                <identifiers>
                  <cusip value="70450Y103"/>
                  <isin value="US70450Y1038"/>
                  <ticker value="PYPL"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.000000000000</shareNo>
            <exercisePrice>70.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2025-08-08</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>81965.150000000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>PayPal Holdings Inc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="PYPL 8 P72"/>
          <other otherDesc="BBGID" value="BBG01VSVM1W9"/>
        </identifiers>
        <balance>-766.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-262355.000000000000</valUSD>
        <pctVal>-0.1354190964</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Equity Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>NYSEAmerican</counterpartyName>
              <counterpartyLei>5493000F4ZO33MV32P92</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>PayPal Holdings Inc</issuerName>
                <issueTitle>PayPal Holdings Inc</issueTitle>
                <identifiers>
                  <cusip value="70450Y103"/>
                  <isin value="US70450Y1038"/>
                  <ticker value="PYPL"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.000000000000</shareNo>
            <exercisePrice>72.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2025-08-08</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-137814.850000000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Riot Platforms Inc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="RIOT 8 C15"/>
          <other otherDesc="BBGID" value="BBG01VJ475H4"/>
        </identifiers>
        <balance>-578.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-10115.000000000000</valUSD>
        <pctVal>-0.0052210332</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Equity Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>NYSEAmerican</counterpartyName>
              <counterpartyLei>5493000F4ZO33MV32P92</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Riot Platforms Inc</issuerName>
                <issueTitle>Riot Platforms Inc</issueTitle>
                <identifiers>
                  <cusip value="767292105"/>
                  <isin value="US7672921050"/>
                  <ticker value="RIOT"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.000000000000</shareNo>
            <exercisePrice>15.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2025-08-01</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>10089.440000000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Riot Platforms Inc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="RIOT 8 C15.5"/>
          <other otherDesc="BBGID" value="BBG01VJ48HY8"/>
        </identifiers>
        <balance>-6437.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-74025.500000000000</valUSD>
        <pctVal>-0.0382095493</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Equity Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>NYSEAmerican</counterpartyName>
              <counterpartyLei>5493000F4ZO33MV32P92</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Riot Platforms Inc</issuerName>
                <issueTitle>Riot Platforms Inc</issueTitle>
                <identifiers>
                  <cusip value="767292105"/>
                  <isin value="US7672921050"/>
                  <ticker value="RIOT"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.000000000000</shareNo>
            <exercisePrice>15.500000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2025-08-01</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>201340.860000000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2025-09-29</ncom:dateSigned>
      <ncom:nameOfApplicant>Tidal Trust II</ncom:nameOfApplicant>
      <ncom:signature>/s/ Aaron Perkovich</ncom:signature>
      <ncom:signerName>Aaron Perkovich</ncom:signerName>
      <ncom:title>Treasurer/Principal Financial Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
