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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>NYSEAmerican</counterpartyName>
              <counterpartyLei>5493000F4ZO33MV32P92</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Alibaba Group Holding Ltd</issuerName>
                <issueTitle>Alibaba Group Holding Ltd</issueTitle>
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                  <cusip value="01609W102"/>
                  <isin value="US01609W1027"/>
                  <ticker value="BABA"/>
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            </descRefInstrmnt>
            <shareNo>100.000000000000</shareNo>
            <exercisePrice>126.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2025-08-01</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-60849.500000000000</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>Alibaba Group Holding Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="BABA 8 C128"/>
          <other otherDesc="BBGID" value="BBG01VJS1N97"/>
        </identifiers>
        <balance>2565.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>8977.500000000000</valUSD>
        <pctVal>0.0172759893</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>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Alibaba Group Holding Ltd</issuerName>
                <issueTitle>Alibaba Group Holding Ltd</issueTitle>
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                  <isin value="US01609W1027"/>
                  <ticker value="BABA"/>
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            </descRefInstrmnt>
            <shareNo>100.000000000000</shareNo>
            <exercisePrice>128.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2025-08-01</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-136419.420000000000</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>Alibaba Group Holding Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="BABA 8 C120"/>
          <other otherDesc="BBGID" value="BBG01VSDM5M1"/>
        </identifiers>
        <balance>-800.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-242400.000000000000</valUSD>
        <pctVal>-0.4664661445</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>Alibaba Group Holding Ltd</issuerName>
                <issueTitle>Alibaba Group Holding Ltd</issueTitle>
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                  <cusip value="01609W102"/>
                  <isin value="US01609W1027"/>
                  <ticker value="BABA"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.000000000000</shareNo>
            <exercisePrice>120.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2025-08-08</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-109823.600000000000</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>Alibaba Group Holding Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="BABA 8 C124"/>
          <other otherDesc="BBGID" value="BBG01VSDKP58"/>
        </identifiers>
        <balance>800.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>115200.000000000000</valUSD>
        <pctVal>0.2216868806</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>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Alibaba Group Holding Ltd</issuerName>
                <issueTitle>Alibaba Group Holding Ltd</issueTitle>
                <identifiers>
                  <cusip value="01609W102"/>
                  <isin value="US01609W1027"/>
                  <ticker value="BABA"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.000000000000</shareNo>
            <exercisePrice>124.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2025-08-08</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>53912.400000000000</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>
  <documents>XXXX</documents>
</edgarSubmission>
