Company: SVIX
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044385
Chunk: 5

Company: VS Trust
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 5
---
,147,706  
     59,004,987 
  
    Shares redeemed 
     (370,275,825) 
     (614,152,015) 
     (96,596,423) 
     (20,637,060)
  
    Net
increase (decrease) in net assets from capital share transactions 
     19,963,600  
     (95,318,781) 
     (49,448,717) 
     38,367,927 
  
    Total increase (decrease) in net assets 
     (12,237,223) 
     (14,299,973) 
     (33,671,584) 
     8,304,888 

    NET ASSETS 

    Beginning of Period 
     300,123,823  
     187,711,259  
     125,057,419  
     69,664,996 
  
    End of Period 
    $287,886,600  
    $173,411,286  
    $91,385,835  
    $77,969,884 

See accompanying notes to the financial statements.

F-3

VS Trust

Statements of Cash Flows

For the Three Months Ended March 31, 2025 (Unaudited) and March 31,
2024 (Unaudited)

    -1x Short VIX Futures ETF  
    2x Long VIX Futures ETF  
    -1x Short VIX Futures ETF  
    2x Long VIX Futures ETF 

    Quarter Ended  
    Quarter Ended  
    Quarter Ended  
    Quarter Ended 

    March 31, 2025  
    March 31, 2025  
    March 31, 2024  
    March 31, 2024 

    (Unaudited)  
    (Unaudited)  
    (Unaudited)  
    (Unaudited) 
  
    CASH FLOW FROM OPERATING ACTIVITIES 

    Net increase (decrease) in net assets resulting from operations 
    $(32,200,823) 
    $81,018,808  
    $15,777,133  
    $(30,063,039)
  
    Adjustments to reconcile net income (loss) to net