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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <name>N/A</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <name>N/A</name>
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        <name>N/A</name>
        <lei>N/A</lei>
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          <ticker value="CIFR 1 P17"/>
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        <fairValLevel>2</fairValLevel>
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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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        <name>N/A</name>
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        <name>N/A</name>
        <lei>N/A</lei>
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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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        <assetCat>DE</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>CHICAGO</counterpartyName>
              <counterpartyLei>529900RLNSGA90UPEH54</counterpartyLei>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Coinbase Global Inc</issuerName>
                <issueTitle>Coinbase Global Inc</issueTitle>
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                  <cusip value="19260Q107"/>
                  <isin value="US19260Q1076"/>
                  <ticker value="COIN"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.000000000000</shareNo>
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            <expDt>2026-01-30</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>638052.770000000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Coinbase Global Inc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="COIN 1 P222.5"/>
          <other otherDesc="BBGID" value="BBG01ZJF3D14"/>
        </identifiers>
        <balance>8.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>21000.000000000000</valUSD>
        <pctVal>0.0084064103</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>CHICAGO</counterpartyName>
              <counterpartyLei>529900RLNSGA90UPEH54</counterpartyLei>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Coinbase Global Inc</issuerName>
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                  <ticker value="COIN"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.000000000000</shareNo>
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            <expDt>2026-01-30</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>17437.820000000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Coinbase Global Inc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="COIN 1 P225"/>
          <other otherDesc="BBGID" value="BBG01Z0016Z7"/>
        </identifiers>
        <balance>-33.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-104692.500000000000</valUSD>
        <pctVal>-0.0419089574</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>CHICAGO</counterpartyName>
              <counterpartyLei>529900RLNSGA90UPEH54</counterpartyLei>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Coinbase Global Inc</issuerName>
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                  <cusip value="19260Q107"/>
                  <isin value="US19260Q1076"/>
                  <ticker value="COIN"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.000000000000</shareNo>
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            <expDt>2026-01-30</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-79438.580000000000</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>Coinbase Global Inc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="COIN 2 P195"/>
          <other otherDesc="BBGID" value="BBG01Z8KX7H8"/>
        </identifiers>
        <balance>392.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>254800.000000000000</valUSD>
        <pctVal>0.1019977777</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>CHICAGO</counterpartyName>
              <counterpartyLei>529900RLNSGA90UPEH54</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Coinbase Global Inc</issuerName>
                <issueTitle>Coinbase Global Inc</issueTitle>
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                  <cusip value="19260Q107"/>
                  <isin value="US19260Q1076"/>
                  <ticker value="COIN"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.000000000000</shareNo>
            <exercisePrice>195.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-02-06</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>111491.290000000000</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>Coinbase Global Inc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="COIN 2 P202.5"/>
          <other otherDesc="BBGID" value="BBG01ZRVLJS8"/>
        </identifiers>
        <balance>8.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>8840.000000000000</valUSD>
        <pctVal>0.0035386984</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>CHICAGO</counterpartyName>
              <counterpartyLei>529900RLNSGA90UPEH54</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Coinbase Global Inc</issuerName>
                <issueTitle>Coinbase Global Inc</issueTitle>
                <identifiers>
                  <cusip value="19260Q107"/>
                  <isin value="US19260Q1076"/>
                  <ticker value="COIN"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.000000000000</shareNo>
            <exercisePrice>202.500000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-02-06</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>5221.820000000000</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>Circle Internet Group Inc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="CRCL 1 P70"/>
          <other otherDesc="BBGID" value="BBG01Z15MYB7"/>
        </identifiers>
        <balance>344.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>216720.000000000000</valUSD>
        <pctVal>0.0867541538</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>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Circle Internet Group Inc</issuerName>
                <issueTitle>Circle Internet Group Inc</issueTitle>
                <identifiers>
                  <cusip value="172573107"/>
                  <isin value="US1725731079"/>
                  <ticker value="CRCL"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.000000000000</shareNo>
            <exercisePrice>70.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-01-30</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>150987.970000000000</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>Circle Internet Group Inc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="CRCL 1 P71"/>
          <other otherDesc="BBGID" value="BBG01Z3MRRB8"/>
        </identifiers>
        <balance>17.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>12622.500000000000</valUSD>
        <pctVal>0.0050528530</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>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Circle Internet Group Inc</issuerName>
                <issueTitle>Circle Internet Group Inc</issueTitle>
                <identifiers>
                  <cusip value="172573107"/>
                  <isin value="US1725731079"/>
                  <ticker value="CRCL"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.000000000000</shareNo>
            <exercisePrice>71.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-01-30</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>8771.880000000000</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>Circle Internet Group Inc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="CRCL 1 P73"/>
          <other otherDesc="BBGID" value="BBG01Z3MRQQ4"/>
        </identifiers>
        <balance>-361.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-338437.500000000000</valUSD>
        <pctVal>-0.1354783081</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>Circle Internet Group Inc</issuerName>
                <issueTitle>Circle Internet Group Inc</issueTitle>
                <identifiers>
                  <cusip value="172573107"/>
                  <isin value="US1725731079"/>
                  <ticker value="CRCL"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.000000000000</shareNo>
            <exercisePrice>73.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-01-30</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-223161.150000000000</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>Circle Internet Group Inc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="CRCL 2 P64"/>
          <other otherDesc="BBGID" value="BBG01ZRWJMP5"/>
        </identifiers>
        <balance>371.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>92379.000000000000</valUSD>
        <pctVal>0.0369797987</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>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Circle Internet Group Inc</issuerName>
                <issueTitle>Circle Internet Group Inc</issueTitle>
                <identifiers>
                  <cusip value="172573107"/>
                  <isin value="US1725731079"/>
                  <ticker value="CRCL"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.000000000000</shareNo>
            <exercisePrice>64.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-02-06</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>32390.920000000000</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>Circle Internet Group Inc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="CRCL 2 P67"/>
          <other otherDesc="BBGID" value="BBG01ZPLMVM0"/>
        </identifiers>
        <balance>-371.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-163240.000000000000</valUSD>
        <pctVal>-0.0653458290</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>Circle Internet Group Inc</issuerName>
                <issueTitle>Circle Internet Group Inc</issueTitle>
                <identifiers>
                  <cusip value="172573107"/>
                  <isin value="US1725731079"/>
                  <ticker value="CRCL"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.000000000000</shareNo>
            <exercisePrice>67.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-02-06</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-56098.080000000000</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>CoreWeave Inc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="CRWV 2 P95"/>
          <other otherDesc="BBGID" value="BBG01Z9CNC30"/>
        </identifiers>
        <balance>7.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>4060.000000000000</valUSD>
        <pctVal>0.0016252393</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>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>CoreWeave Inc</issuerName>
                <issueTitle>CoreWeave Inc</issueTitle>
                <identifiers>
                  <cusip value="21873S108"/>
                  <isin value="US21873S1087"/>
                  <ticker value="CRWV"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.000000000000</shareNo>
            <exercisePrice>95.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-02-06</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>1013.090000000000</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>CoreWeave Inc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="CRWV 2 P99"/>
          <other otherDesc="BBGID" value="BBG01ZKB92M6"/>
        </identifiers>
        <balance>-7.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-5845.000000000000</valUSD>
        <pctVal>-0.0023397842</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>CoreWeave Inc</issuerName>
                <issueTitle>CoreWeave Inc</issueTitle>
                <identifiers>
                  <cusip value="21873S108"/>
                  <isin value="US21873S1087"/>
                  <ticker value="CRWV"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.000000000000</shareNo>
            <exercisePrice>99.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-02-06</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-1541.910000000000</unrealizedAppr>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <ticker value="CRWV 2 P93"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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              <counterpartyName>NYSEAmerican</counterpartyName>
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            <unrealizedAppr>36028.280000000000</unrealizedAppr>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <ticker value="FBTC 2 C75"/>
          <other otherDesc="BBGID" value="BBG01Z8M0BW4"/>
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        <balance>-5162.000000000000</balance>
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        <valUSD>-503295.000000000000</valUSD>
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        <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>CHICAGO</counterpartyName>
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            <writtenOrPur>Written</writtenOrPur>
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                <issuerName>Fidelity Wise Origin Bitcoin F</issuerName>
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            <shareNo>100.000000000000</shareNo>
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            <delta>XXXX</delta>
            <unrealizedAppr>474673.710000000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <ticker value="FBTC 2 C77.5"/>
          <other otherDesc="BBGID" value="BBG01Z8LJS68"/>
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        <balance>5162.000000000000</balance>
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        <valUSD>167765.000000000000</valUSD>
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        <assetCat>DE</assetCat>
        <issuerConditional desc="Equity Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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              <counterpartyName>CHICAGO</counterpartyName>
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            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
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            <shareNo>100.000000000000</shareNo>
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            <delta>XXXX</delta>
            <unrealizedAppr>-468904.290000000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <ticker value="FBTC 2 C55"/>
          <other otherDesc="BBGID" value="BBG01Z67C3Y2"/>
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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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          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>CHICAGO</counterpartyName>
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            <shareNo>100.000000000000</shareNo>
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            <delta>XXXX</delta>
            <unrealizedAppr>-1702203.800000000000</unrealizedAppr>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>NYSEAmerican</counterpartyName>
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        <name>N/A</name>
        <lei>N/A</lei>
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          <ticker value="GLXY 1 P30.5"/>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>NYSEAmerican</counterpartyName>
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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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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <ticker value="GLXY 2 C35"/>
          <other otherDesc="BBGID" value="BBG01Z48W1M7"/>
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        <balance>-3492.000000000000</balance>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Equity Option" issuerCat="OTHER"/>
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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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        <assetCat>DE</assetCat>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Riot Platforms Inc</title>
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          <ticker value="RIOT 2 P15.5"/>
          <other otherDesc="BBGID" value="BBG01Z911QF4"/>
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        <assetCat>DE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>NYSEAmerican</counterpartyName>
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        <name>N/A</name>
        <lei>N/A</lei>
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          <ticker value="RIOT 2 P16.5"/>
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        <assetCat>DE</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <ticker value="RIOT 2 P17"/>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>MBTXW US 02/06/26 P195</title>
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          <ticker value="MBTXW 2 P195"/>
          <other otherDesc="BBGID" value="BBG01ZBRH7V1"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Cboe Options Exchange</counterpartyName>
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              <indexBasketInfo>
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        <name>N/A</name>
        <lei>N/A</lei>
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          <ticker value="MBTXW 2 P200"/>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Cboe Options Exchange</counterpartyName>
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        <name>N/A</name>
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          <ticker value="GLXY 2 P31"/>
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              <counterpartyName>NYSEAmerican</counterpartyName>
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        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="BBGID" value="BBG01Z8RF9T6"/>
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        <assetCat>DE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Hut 8 Corp</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="HUT 2 C63"/>
          <other otherDesc="BBGID" value="BBG01ZPSYCJ8"/>
        </identifiers>
        <balance>-3936.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1119792.000000000000</valUSD>
        <pctVal>-0.4482586167</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>Hut 8 Corp</issuerName>
                <issueTitle>Hut 8 Corp</issueTitle>
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                  <cusip value="44812J104"/>
                  <isin value="US44812J1043"/>
                  <ticker value="HUT"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.000000000000</shareNo>
            <exercisePrice>63.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-02-20</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>287831.020000000000</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>Hut 8 Corp</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="HUT 2 P48"/>
          <other otherDesc="BBGID" value="BBG01X7C9NN7"/>
        </identifiers>
        <balance>-3936.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-789168.000000000000</valUSD>
        <pctVal>-0.3159080937</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>Hut 8 Corp</issuerName>
                <issueTitle>Hut 8 Corp</issueTitle>
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                  <cusip value="44812J104"/>
                  <isin value="US44812J1043"/>
                  <ticker value="HUT"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.000000000000</shareNo>
            <exercisePrice>48.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-02-20</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>228791.020000000000</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>Hut 8 Corp</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="HUT 2 P56"/>
          <other otherDesc="BBGID" value="BBG01ZPT5H52"/>
        </identifiers>
        <balance>3936.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>2086080.000000000000</valUSD>
        <pctVal>0.8350687763</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>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Hut 8 Corp</issuerName>
                <issueTitle>Hut 8 Corp</issueTitle>
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                  <cusip value="44812J104"/>
                  <isin value="US44812J1043"/>
                  <ticker value="HUT"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.000000000000</shareNo>
            <exercisePrice>56.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-02-20</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-265176.980000000000</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>IREN Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="IREN 1 P52"/>
          <other otherDesc="BBGID" value="BBG01Z042Y14"/>
        </identifiers>
        <balance>12.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>30.000000000000</valUSD>
        <pctVal>0.0000120092</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>CHICAGO</counterpartyName>
              <counterpartyLei>529900RLNSGA90UPEH54</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>IREN Ltd</issuerName>
                <issueTitle>IREN Ltd</issueTitle>
                <identifiers>
                  <cusip value="N/A"/>
                  <isin value="AU0000185993"/>
                  <ticker value="IREN"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.000000000000</shareNo>
            <exercisePrice>52.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-01-30</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-2589.270000000000</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>IREN Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="IREN 1 P54"/>
          <other otherDesc="BBGID" value="BBG01Z040190"/>
        </identifiers>
        <balance>-12.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-462.000000000000</valUSD>
        <pctVal>-0.0001849410</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>CHICAGO</counterpartyName>
              <counterpartyLei>529900RLNSGA90UPEH54</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>IREN Ltd</issuerName>
                <issueTitle>IREN Ltd</issueTitle>
                <identifiers>
                  <cusip value="N/A"/>
                  <isin value="AU0000185993"/>
                  <ticker value="IREN"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.000000000000</shareNo>
            <exercisePrice>54.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-01-30</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>3314.730000000000</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>IREN Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="IREN 1 P56"/>
          <other otherDesc="BBGID" value="BBG01ZM3VT66"/>
        </identifiers>
        <balance>3486.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>862785.000000000000</valUSD>
        <pctVal>0.3453773653</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>CHICAGO</counterpartyName>
              <counterpartyLei>529900RLNSGA90UPEH54</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>IREN Ltd</issuerName>
                <issueTitle>IREN Ltd</issueTitle>
                <identifiers>
                  <cusip value="N/A"/>
                  <isin value="AU0000185993"/>
                  <ticker value="IREN"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.000000000000</shareNo>
            <exercisePrice>56.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-01-30</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-97666.290000000000</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>IREN Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="IREN 1 P57.5"/>
          <other otherDesc="BBGID" value="BBG01ZM3YQH7"/>
        </identifiers>
        <balance>-3486.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1263675.000000000000</valUSD>
        <pctVal>-0.5058557370</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>CHICAGO</counterpartyName>
              <counterpartyLei>529900RLNSGA90UPEH54</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>IREN Ltd</issuerName>
                <issueTitle>IREN Ltd</issueTitle>
                <identifiers>
                  <cusip value="N/A"/>
                  <isin value="AU0000185993"/>
                  <ticker value="IREN"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.000000000000</shareNo>
            <exercisePrice>57.500000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-01-30</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-63502.290000000000</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>IREN Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="IREN 2 C70"/>
          <other otherDesc="BBGID" value="BBG01ZFF7780"/>
        </identifiers>
        <balance>3246.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>248319.000000000000</valUSD>
        <pctVal>0.0994033994</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>CHICAGO</counterpartyName>
              <counterpartyLei>529900RLNSGA90UPEH54</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>IREN Ltd</issuerName>
                <issueTitle>IREN Ltd</issueTitle>
                <identifiers>
                  <cusip value="N/A"/>
                  <isin value="AU0000185993"/>
                  <ticker value="IREN"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.000000000000</shareNo>
            <exercisePrice>70.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-02-06</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-629309.160000000000</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>IREN Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="IREN 2 C59"/>
          <other otherDesc="BBGID" value="BBG01ZPS9T18"/>
        </identifiers>
        <balance>-3246.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1468815.000000000000</valUSD>
        <pctVal>-0.5879743561</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>CHICAGO</counterpartyName>
              <counterpartyLei>529900RLNSGA90UPEH54</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>IREN Ltd</issuerName>
                <issueTitle>IREN Ltd</issueTitle>
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                  <cusip value="N/A"/>
                  <isin value="AU0000185993"/>
                  <ticker value="IREN"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.000000000000</shareNo>
            <exercisePrice>59.000000000000</exercisePrice>
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            <expDt>2026-02-20</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-366383.160000000000</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>IREN Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="IREN 2 P41"/>
          <other otherDesc="BBGID" value="BBG01X16XWC1"/>
        </identifiers>
        <balance>-3246.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-673545.000000000000</valUSD>
        <pctVal>-0.2696235997</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>CHICAGO</counterpartyName>
              <counterpartyLei>529900RLNSGA90UPEH54</counterpartyLei>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>IREN Ltd</issuerName>
                <issueTitle>IREN Ltd</issueTitle>
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                  <cusip value="N/A"/>
                  <isin value="AU0000185993"/>
                  <ticker value="IREN"/>
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            <shareNo>100.000000000000</shareNo>
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            <delta>XXXX</delta>
            <unrealizedAppr>120518.840000000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NVIDIA Corp</name>
        <lei>549300S4KLFTLO7GSQ80</lei>
        <title>NVIDIA Corp</title>
        <cusip>67066G104</cusip>
        <identifiers>
          <isin value="US67066G1040"/>
          <ticker value="NVDA"/>
        </identifiers>
        <balance>71872.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13736895.360000000000</valUSD>
        <pctVal>5.4989513339</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Webull Corp</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="BULL 1 P7.5"/>
          <other otherDesc="BBGID" value="BBG01YZVQYK2"/>
        </identifiers>
        <balance>5961.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>312952.500000000000</valUSD>
        <pctVal>0.1252765288</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>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Webull Corp</issuerName>
                <issueTitle>Webull Corp</issueTitle>
                <identifiers>
                  <cusip value="N/A"/>
                  <isin value="KYG9572D1034"/>
                  <ticker value="BULL"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.000000000000</shareNo>
            <exercisePrice>7.500000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-01-30</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>256841.820000000000</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>Webull Corp</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="BULL 1 P8"/>
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        <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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          <ticker value="BULL 2 P6.5"/>
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        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>NYSEAmerican</counterpartyName>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <ticker value="BULL 2 P7.5"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>NYSEAmerican</counterpartyName>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Robinhood Markets Inc</title>
        <cusip>N/A</cusip>
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          <ticker value="HOOD 3 C50"/>
          <other otherDesc="BBGID" value="BBG01SHFT0Y6"/>
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        <balance>520.000000000000</balance>
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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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          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>NYSEAmerican</counterpartyName>
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                <issuerName>Robinhood Markets Inc</issuerName>
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            <unrealizedAppr>-1455317.470000000000</unrealizedAppr>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Strategy Inc</title>
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              <counterpartyName>CHICAGO</counterpartyName>
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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>N/A</name>
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        <fairValLevel>2</fairValLevel>
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            <delta>XXXX</delta>
            <unrealizedAppr>-28755.270000000000</unrealizedAppr>
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          <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>Strategy Inc</title>
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          <ticker value="MSTR 2 P144"/>
          <other otherDesc="BBGID" value="BBG01ZSCLG14"/>
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        <balance>-109.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-43327.500000000000</valUSD>
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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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          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>CHICAGO</counterpartyName>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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              <otherRefInst>
                <issuerName>Strategy Inc</issuerName>
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            <delta>XXXX</delta>
            <unrealizedAppr>38650.230000000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <ticker value="TSM 1 P325"/>
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        <valUSD>125.000000000000</valUSD>
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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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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <ticker value="TSM 1 P337.5"/>
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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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          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>NYSEAmerican</counterpartyName>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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            <delta>XXXX</delta>
            <unrealizedAppr>-7148.600000000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <ticker value="TSM 2 P330"/>
          <other otherDesc="BBGID" value="BBG01Z908R67"/>
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        <balance>443.000000000000</balance>
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        <valUSD>274660.000000000000</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>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>NYSEAmerican</counterpartyName>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
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            <delta>XXXX</delta>
            <unrealizedAppr>129492.120000000000</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>Taiwan Semiconductor Manufacturing Co Ltd</title>
        <cusip>N/A</cusip>
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          <ticker value="TSM 2 P342.5"/>
          <other otherDesc="BBGID" value="BBG01ZPYQGJ5"/>
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        <balance>-443.000000000000</balance>
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        <valUSD>-626845.000000000000</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>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>NYSEAmerican</counterpartyName>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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                <issuerName>TSMC</issuerName>
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            <unrealizedAppr>-276512.880000000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Strategy Inc</name>
        <lei>549300WQTWEJUEHXQX21</lei>
        <title>Strategy Inc</title>
        <cusip>594972408</cusip>
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          <isin value="US5949724083"/>
          <ticker value="MSTR"/>
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        <balance>13476.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2017491.960000000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Riot Platforms Inc</name>
        <lei>5299005LKZAJQDQZDF73</lei>
        <title>Riot Platforms Inc</title>
        <cusip>767292105</cusip>
        <identifiers>
          <isin value="US7672921050"/>
          <ticker value="RIOT"/>
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        <balance>956840.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14802314.800000000000</valUSD>
        <pctVal>5.9254443294</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Robinhood Markets Inc</name>
        <lei>213800FS5AO3YWIE6F63</lei>
        <title>Robinhood Markets Inc</title>
        <cusip>770700102</cusip>
        <identifiers>
          <isin value="US7707001027"/>
          <ticker value="HOOD"/>
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        <balance>66146.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6580204.080000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TSMC</name>
        <lei>549300KB6NK5SBD14S87</lei>
        <title>Taiwan Semiconductor Manufacturing Co Ltd</title>
        <cusip>874039100</cusip>
        <identifiers>
          <isin value="US8740391003"/>
          <ticker value="TSM"/>
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        <balance>49363.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16317433.280000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <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>Coinbase Global Inc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="COIN 2 P205"/>
          <other otherDesc="BBGID" value="BBG01Z8KQHC9"/>
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        <balance>-392.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-492940.000000000000</valUSD>
        <pctVal>-0.1973264700</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>CHICAGO</counterpartyName>
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            <putOrCall>Put</putOrCall>
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                <issuerName>Coinbase Global Inc</issuerName>
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            <shareNo>100.000000000000</shareNo>
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            <delta>XXXX</delta>
            <unrealizedAppr>-180918.710000000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <ticker value="COIN 2 P210"/>
          <other otherDesc="BBGID" value="BBG01Z8KQD65"/>
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        <balance>-8.000000000000</balance>
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        <assetCat>DE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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              <counterpartyName>CHICAGO</counterpartyName>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CoreWeave Inc</title>
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          <other otherDesc="BBGID" value="BBG01XMYZGX7"/>
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        <assetCat>DE</assetCat>
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        <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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            <shareNo>100.000000000000</shareNo>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Robinhood Markets Inc</title>
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          <ticker value="HOOD 2 P101"/>
          <other otherDesc="BBGID" value="BBG01ZPSQRQ6"/>
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        <balance>-1154.000000000000</balance>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
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        <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>Put</putOrCall>
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                <issuerName>Robinhood Markets Inc</issuerName>
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            <shareNo>100.000000000000</shareNo>
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            <delta>XXXX</delta>
            <unrealizedAppr>-8291.720000000000</unrealizedAppr>
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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>Robinhood Markets Inc</title>
        <cusip>N/A</cusip>
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          <ticker value="HOOD 2 P95"/>
          <other otherDesc="BBGID" value="BBG01VM61YH8"/>
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        <balance>-1108.000000000000</balance>
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        <valUSD>-487520.000000000000</valUSD>
        <pctVal>-0.1951568156</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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          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>NYSEAmerican</counterpartyName>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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              <otherRefInst>
                <issuerName>Robinhood Markets Inc</issuerName>
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                  <cusip value="770700102"/>
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                  <ticker value="HOOD"/>
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              </otherRefInst>
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            <shareNo>100.000000000000</shareNo>
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            <delta>XXXX</delta>
            <unrealizedAppr>-113427.400000000000</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>
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        <cusip>N/A</cusip>
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          <ticker value="HOOD 2 P106"/>
          <other otherDesc="BBGID" value="BBG01ZPSV5B4"/>
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        <balance>1108.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>1132930.000000000000</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>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>NYSEAmerican</counterpartyName>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
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              <otherRefInst>
                <issuerName>Robinhood Markets Inc</issuerName>
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            <shareNo>100.000000000000</shareNo>
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            <delta>XXXX</delta>
            <unrealizedAppr>277142.600000000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Bitfarms Ltd/Canada</name>
        <lei>254900YWMA64Y1RPNJ12</lei>
        <title>Bitfarms Ltd/Canada</title>
        <cusip>09173B107</cusip>
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          <isin value="CA09173B1076"/>
          <ticker value="BITF"/>
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        <balance>1730373.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4049072.820000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BitMine Immersion Technologies</name>
        <lei>254900TGJJ1D9JNAQT27</lei>
        <title>BitMine Immersion Technologies Inc</title>
        <cusip>09175A206</cusip>
        <identifiers>
          <isin value="US09175A2069"/>
          <ticker value="BMNR"/>
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        <balance>111681.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2803193.100000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Cipher Mining Inc</name>
        <lei>254900QABG5HCQZ28A17</lei>
        <title>Cipher Mining Inc</title>
        <cusip>17253J106</cusip>
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          <isin value="US17253J1060"/>
          <ticker value="CIFR"/>
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        <balance>870996.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13901096.160000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Circle Internet Group Inc</name>
        <lei>254900HFVVR6NPMQVN93</lei>
        <title>Circle Internet Group Inc</title>
        <cusip>172573107</cusip>
        <identifiers>
          <isin value="US1725731079"/>
          <ticker value="CRCL"/>
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        <balance>37191.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2377620.630000000000</valUSD>
        <pctVal>0.9517740212</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Coinbase Global Inc</name>
        <lei>5493004G3J2SC154DU06</lei>
        <title>Coinbase Global Inc</title>
        <cusip>19260Q107</cusip>
        <identifiers>
          <isin value="US19260Q1076"/>
          <ticker value="COIN"/>
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        <balance>76306.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14859830.440000000000</valUSD>
        <pctVal>5.9484681421</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CoreWeave Inc</name>
        <lei>984500511DP2B6186053</lei>
        <title>CoreWeave Inc</title>
        <cusip>21873S108</cusip>
        <identifiers>
          <isin value="US21873S1087"/>
          <ticker value="CRWV"/>
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        <balance>25125.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2341398.750000000000</valUSD>
        <pctVal>0.9372742124</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>First American Government Obli</name>
        <lei>549300R5MYM6VZF1RM44</lei>
        <title>First American Government Obligations Fund</title>
        <cusip>31846V336</cusip>
        <identifiers>
          <isin value="US31846V3362"/>
          <ticker value="FGXXX"/>
        </identifiers>
        <balance>42503380.570000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>42503380.570000000000</valUSD>
        <pctVal>17.0143263930</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Galaxy Digital Inc</name>
        <lei>9845001C4070E5N07806</lei>
        <title>Galaxy Digital Inc</title>
        <cusip>36317J209</cusip>
        <identifiers>
          <isin value="US36317J2096"/>
          <ticker value="GLXY"/>
        </identifiers>
        <balance>376338.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10635311.880000000000</valUSD>
        <pctVal>4.2573711830</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hut 8 Corp</name>
        <lei>98450066FEF9C1D3FC20</lei>
        <title>Hut 8 Corp</title>
        <cusip>44812J104</cusip>
        <identifiers>
          <isin value="US44812J1043"/>
          <ticker value="HUT"/>
        </identifiers>
        <balance>424207.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>23683476.810000000000</valUSD>
        <pctVal>9.4806201098</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MARA Holdings Inc</name>
        <lei>549300M8ISKPTX2W7F94</lei>
        <title>MARA Holdings Inc</title>
        <cusip>565788106</cusip>
        <identifiers>
          <isin value="US5657881067"/>
          <ticker value="MARA"/>
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        <balance>342812.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3256714.000000000000</valUSD>
        <pctVal>1.3036797126</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>BitMine Immersion Technologies Inc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="BMNR 1 P26"/>
          <other otherDesc="BBGID" value="BBG01Z3L6852"/>
        </identifiers>
        <balance>551.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>49039.000000000000</valUSD>
        <pctVal>0.0196305692</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>
              <counterpartyLei>5493000F4ZO33MV32P92</counterpartyLei>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>BitMine Immersion Technologies</issuerName>
                <issueTitle>BitMine Immersion Technologies Inc</issueTitle>
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                  <isin value="US09175A2069"/>
                  <ticker value="BMNR"/>
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            <shareNo>100.000000000000</shareNo>
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            <expDt>2026-01-30</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-7724.980000000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <ticker value="BMNR 1 P27"/>
          <other otherDesc="BBGID" value="BBG01Z3L6HQ9"/>
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        <balance>565.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>105090.000000000000</valUSD>
        <pctVal>0.0420680787</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>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
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                  <ticker value="BMNR"/>
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            <shareNo>100.000000000000</shareNo>
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            <expDt>2026-01-30</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>56682.210000000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bullish</name>
        <lei>N/A</lei>
        <title>Bullish</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG169101204"/>
          <ticker value="BLSH"/>
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        <balance>132062.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3988272.400000000000</valUSD>
        <pctVal>1.5965263809</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IREN Ltd</name>
        <lei>254900FZF02RB3NNGB71</lei>
        <title>IREN Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000185993"/>
          <ticker value="IREN"/>
        </identifiers>
        <balance>349863.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>18801637.620000000000</valUSD>
        <pctVal>7.5263942515</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Bullish</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="BLSH 1 P35.5"/>
          <other otherDesc="BBGID" value="BBG01ZJD4702"/>
        </identifiers>
        <balance>-1283.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-667160.000000000000</valUSD>
        <pctVal>-0.2670676507</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>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Bullish</issuerName>
                <issueTitle>Bullish</issueTitle>
                <identifiers>
                  <cusip value="N/A"/>
                  <isin value="KYG169101204"/>
                  <ticker value="BLSH"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.000000000000</shareNo>
            <exercisePrice>35.500000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-01-30</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-501615.630000000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>BitMine Immersion Technologies Inc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="BMNR 1 P27.5"/>
          <other otherDesc="BBGID" value="BBG01ZJDBVP4"/>
        </identifiers>
        <balance>-551.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-129485.000000000000</valUSD>
        <pctVal>-0.0518335253</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>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>BitMine Immersion Technologies</issuerName>
                <issueTitle>BitMine Immersion Technologies Inc</issueTitle>
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                  <cusip value="09175A206"/>
                  <isin value="US09175A2069"/>
                  <ticker value="BMNR"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.000000000000</shareNo>
            <exercisePrice>27.500000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-01-30</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-36306.980000000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>NYSEAmerican</counterpartyName>
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      <invstOrSec>
        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <fairValLevel>2</fairValLevel>
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            <shareNo>100.000000000000</shareNo>
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            <unrealizedAppr>-1617998.280000000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="BBGID" value="BBG01X6G86H4"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>CHICAGO</counterpartyName>
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                <issuerName>IREN Ltd</issuerName>
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            <shareNo>100.000000000000</shareNo>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>NVIDIA Corp</title>
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          <ticker value="NVDA 1 P177.5"/>
          <other otherDesc="BBGID" value="BBG01ZJL7XW9"/>
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        <balance>35.000000000000</balance>
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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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          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>NYSEAmerican</counterpartyName>
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            <putOrCall>Put</putOrCall>
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            <shareNo>100.000000000000</shareNo>
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            <unrealizedAppr>-4958.020000000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <ticker value="NVDA 1 P180"/>
          <other otherDesc="BBGID" value="BBG01Z09Z2M4"/>
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        <balance>683.000000000000</balance>
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              <counterpartyName>NYSEAmerican</counterpartyName>
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            <unrealizedAppr>-96978.910000000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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              <counterpartyName>NYSEAmerican</counterpartyName>
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        <securityLending>
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      </invstOrSec>
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    <signature>
      <ncom:dateSigned>2026-03-31</ncom:dateSigned>
      <ncom:nameOfApplicant>Tidal Trust II</ncom:nameOfApplicant>
      <ncom:signature>/s/ Peter Chappy</ncom:signature>
      <ncom:signerName>Peter Chappy</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
