Company: SVIX
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044385
Chunk: 135

Company: VS Trust
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 4
Chunk 135
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 positions in the desired
amount, or create additional Creation Units and could otherwise have a significant negative impact on Fund operations and performance,
decreasing a Fund’s correlation to the performance of its benchmark, and otherwise preventing a Fund from achieving its investment
objective.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

a) None.

b) Not applicable.

    Title of Securities Registered 
    Amount
 Registered
 as of
 March 31,
 2025 
    Shares Sold
    For the Three
    Months Ended
    March 31,
    2025(1)
    (Unaudited)  
    Sale Price of
 Shares Sold
 For the Three
 Months Ended
 March 31,
 2025
 (Unaudited) 
  
    -1x Short VIX Futures ETF 
    Unlimited 
     17,930,000  
    $390,239,425 
  
    2x Long VIX Futures ETF 
    Unlimited 
     17,590,000  
     518,833,233 
  
    Total Trust 
      
     35,520,000  
    $909,072,658 

(1)For 2x Long VIX Futures ETF, financial highlights have been adjusted to reflect a 1:10 reverse stock split on January 15, 2025, as if
it occurred at the commencement of operations.

Item 3. Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disclosures.

Not applicable.

Item 5. Other Information.

None.

-10-

Item 6. Exhibits.

    Exhibit No.

    31.1*
     
    Description of Document Certification by Principal Executive Officer of the Trust Pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934

    31.2*
     
    Description of Document Certification by Principal Financial Officer of the Trust Pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934

    32.1*
     
    Description of Document Certification by Principal Executive Officer of the Trust Pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 under the Securities Exchange Act of 1934

    32.2*
     
    Description of Document Certification by Principal Financial Officer of the Trust Pursuant to