Company: SVIX
Filing Date: 2025-09-16
Form Type: 424B3
Source: 0001213900-25-087932
Chunk: 0

Company: VS Trust
Filing Date: 2025-09-16
Form: 424B3
Chunk 0
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Filed Pursuant to Rule 424(b)(3) under the Securities Act of 1933
Registration No. 333-248430 VS TRUST Common Units of Beneficial Interest

| Title of Securities to be Registered (Ticker) |     | Benchmark               |     | Proposed        
 Maximum         
 Aggregate       
 Offering Price* |                |
|:----------------------------------------------|:----|:------------------------|:----|:----------------|:---------------|
| -1x Short VIX Futures ETF (SVIX)              |     | Short VIX Futures Index |     | $               | Not applicable |
| 2x Long VIX Futures ETF (UVIX)                |     | Long VIX Futures Index  |     | $               | Not applicable |

____________ *VS Trust has registered an indeterminate amount of exchange -tradedvehicle securities. VS Trust (the “Trust”) is a Delaware statutory trust. The -1xShort VIX Futures ETF (“SVIX”) and the 2x Long VIX Futures ETF (“UVIX”) (SVIX and UVIX, each a “Fund” and together, the “Funds”) are separate series of VS Trust. The Trust may from time to time offer to sell common units of beneficial interest (“Shares”) of the Funds. Shares represent units of fractional undivided beneficial interest in and ownership of a Fund. Fund Shares will be offered on a continuous basis. The Shares of the Funds are listed for trading on CBOE BZX Exchange, Inc. (the “Exchange”) under the ticker symbol shown above next to each Fund’s name. SVIX seeks daily investment results, before fees and expenses, that correspond to the performance of the Short VIX Futures Index (the “Short Index”) for a single day, not for any other period. UVIX seeks daily investment results, before fees and expenses, that correspond to twice the performance of the Long VIX Futures Index (the “Long Index”). A “single day” is measured from the time a Fund calculates its net asset value (“NAV”) to the time of the Fund’s next NAV calculation. The NAV calculation time for a Fund typically is 4:00 p.m. (Eastern Time). Please see the section entitled “Summary — Creation and Redemption Transactions”for additional details on the NAV calculation time for the Funds. The Short Index measures the daily inverse (i.e., opposite) performance of a portfolio of first- and second -monthfutures contracts on the CBOE Volatility Index, commonly known as the “