# EDGAR Filing Document

**Accession Number:** 0001884021
**File Stem:** 0001387131-23-003420
**Filing Date:** 2023-3
**Character Count:** 2580
**Document Hash:** d7f3d62bc2ea63a58c26d8d79cce3839
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001387131-23-003420.hdr.sgml**: 20230412

**ACCESSION NUMBER**: 0001387131-23-003420

**CONFORMED SUBMISSION TYPE**: CORRESP

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20230314

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Volatility Shares Trust
- **CENTRAL INDEX KEY:** 0001884021
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** CORRESP

**BUSINESS ADDRESS:**
- **STREET 1:** 2000 PGA BLVD.
- **STREET 2:** SUITE 4400
- **CITY:** PALM BEACH GARDENS
- **STATE:** FL
- **ZIP:** 33408
- **BUSINESS PHONE:** 646-499-0917

**MAIL ADDRESS:**
- **STREET 1:** 2000 PGA BLVD.
- **STREET 2:** SUITE 4400
- **CITY:** PALM BEACH GARDENS
- **STATE:** FL
- **ZIP:** 33408

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| | |
|:---|:---|
| ![](vixx-corresp_img001.jpg) | **Chapman and Cutler LLP**<br> 320 South Canal Street, 27th Floor<br> Chicago, Illinois 60606<br>T 312.845.3000<br> F 312.701.2361 |

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March 15, 2023

<u>VIA EDGAR CORRESPONDENCE</u>

Ashley Vroman-Lee

United States Securities and Exchange Commission

100 F Street, N.E.

Washington, D.C. 20549

Re: <u>Volatility Shares Trust File Nos. 333-263619; 811-23785</u>

Dear Ms. Vroman-Lee

This letter responds to your comments, provided by telephone regarding the registration statements filed on Form N-1A for Volatility Shares Trust (the *"Trust"*) with the Securities and Exchange Commission (the *"Commission"*) on December 13, 2022 (the *"Registration Statements"*). The Registration Statements relate to the 1x Long VIX Futures Strategy K-1 Free ETF and -1x Short VIX Mid-Term Futures Strategy ETF (each, a *"Fund"* and collectively, the *"Funds"*), each a series of the Trust. Capitalized terms used herein, but not otherwise defined, have the meanings ascribed to them in the Registration Statement.

Comment 1

Please revise the Fund names to include "strategy." Please also confirm to the staff of trhe Commission that at least 80% of the Funds' assets will be exposed to VIX futures.

Response to Comment 1

The name of each of the Funds has been revised to include "strategy" and the requested 80% test has been added to the principal investment strategy for each Fund.

![](vixx-corresp_img002.jpg)

\*\*\*\*\*\*\*\*

Please call me at (312) 845-3484 if you have any questions or issues you would like to discuss regarding these matters.

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| | |
|:---|:---|
| Sincerely yours, | Sincerely yours, |
| Chapman and Cutler llp | Chapman and Cutler llp |
| By: | /s/ Morrison C. Warren |
|  | Morrison C. Warren |

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