# EDGAR Filing Document

**Accession Number:** 0001877493
**File Stem:** 0000894189-25-016321
**Filing Date:** 2025-11
**Character Count:** 10837
**Document Hash:** d1c4119a0be5982caab0ebfceb9b902b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-016321.hdr.sgml**: 20251128

**ACCESSION NUMBER**: 0000894189-25-016321

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251128

**DATE AS OF CHANGE**: 20251128

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Valkyrie ETF Trust II
- **CENTRAL INDEX KEY:** 0001877493

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23725
- **FILM NUMBER:** 251533391

**BUSINESS ADDRESS:**
- **STREET 1:** 320 SEVEN SPRINGS WAY
- **STREET 2:** SUITE 250
- **CITY:** NASHVILLE
- **STATE:** TN
- **ZIP:** 37027
- **BUSINESS PHONE:** 800-617-0004

**MAIL ADDRESS:**
- **STREET 1:** 320 SEVEN SPRINGS WAY
- **STREET 2:** SUITE 250
- **CITY:** NASHVILLE
- **STATE:** TN
- **ZIP:** 37027

## Series and Classes Contracts Data

### CoinShares Bitcoin Mining ETF (Series ID: S000075052)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000233855 | CoinShares Bitcoin Mining ETF | WGMI            |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Valkyrie ETF Trust II

- **b. Investment Company Act file number:** 811-23725

- **c. CIK number of Registrant:** 0001877493

- **d. LEI of Registrant:** 549300MWH27O1ZGIJ534

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 437 Madison Avenue, 28th Floor

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10022

  - **Telephone number:** 800-617-0004

**Item A.2. Information about the Series.**

- **a. Name of Series:** Valkyrie Bitcoin Miners ETF

- **b. EDGAR series identifier (if any):** S000075052

- **c. LEI of Series:** 549300F3TDGZL6ZW5O47

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $290579249.71

**Total Liabilities:** $17402376.28

**Net Assets:** $273176873.43

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000233855 | 11.03%               | 21.44%               | 44.30%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $20399254.69             | $1062139.25                                |
| Month 2  | $10477881.65             | $25570698.44                               |
| Month 3  | $9234653.72              | $65712962.70                               |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                          | Title                                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| American Bitcoin Corp         | American Bitcoin Corp                     | CUSIP: 02462A104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    165001 | NS      | $1112104.04   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Bitfarms Ltd/Canada           | Bitfarms Ltd/Canada                       | CUSIP: 09173B107<br>LEI: 254900YWMA64Y1RPNJ12 | Long             | EC               | CORP              | CA        |   7031111 | NS      | $19827733.02  | 7.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Digi Power X Inc              | Digi Power X Inc                          | CUSIP: 25380B102<br>LEI: 5299001U7RVW74W46M33 | Long             | EC               | CORP              | US        |   1008294 | NS      | $2308993.26   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Hive Digital Technologies Ltd | Hive Digital Technologies Ltd             | CUSIP: 433921103<br>LEI: 5493004QCZ1QBI9FS784 | Long             | EC               | CORP              | CA        |   3136180 | NS      | $12638805.40  | 4.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Terawulf Inc                  | Terawulf Inc                              | CUSIP: 88080T104<br>LEI: 254900CVMW1SX2T78A64 | Long             | EC               | CORP              | US        |   1537785 | NS      | $17561504.70  | 6.43%             |  |  |  | No            |                  1 | On Loan: No      |
| BitFuFu Inc                   | BitFuFu Inc                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SG        |    186965 | NS      | $701118.75    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| IREN Ltd                      | IREN Ltd                                  | CUSIP: N/A<br>LEI: 254900FZF02RB3NNGB71       | Long             | EC               | CORP              | AU        |   1404713 | NS      | $65923181.09  | 24.13%            |  |  |  | No            |                  1 | On Loan: No      |
| MARA Holdings Inc             | MARA Holdings Inc                         | CUSIP: 565788106<br>LEI: 549300M8ISKPTX2W7F94 | Long             | EC               | CORP              | US        |    568500 | NS      | $10380810.00  | 3.80%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                   | NVIDIA Corp                               | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     39754 | NS      | $7417301.32   | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Riot Platforms Inc            | Riot Platforms Inc                        | CUSIP: 767292105<br>LEI: 5299005LKZAJQDQZDF73 | Long             | EC               | CORP              | US        |   1039023 | NS      | $19772607.69  | 7.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Bit Digital Inc               | Bit Digital Inc                           | CUSIP: N/A<br>LEI: 2549005XLPRWS7HWCM31       | Long             | EC               | CORP              | US        |    743213 | NS      | $2229639.00   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Cipher Mining Inc             | Cipher Mining Inc                         | CUSIP: 17253J106<br>LEI: 254900QABG5HCQZ28A17 | Long             | EC               | CORP              | US        |   3082493 | NS      | $38808586.87  | 14.21%            |  |  |  | No            |                  1 | On Loan: No      |
| Galaxy Digital Inc            | Galaxy Digital Inc                        | CUSIP: 36317J209<br>LEI: 9845001C4070E5N07806 | Long             | EC               | CORP              | US        |     90046 | NS      | $3044455.26   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Hut 8 Corp                    | Hut 8 Corp                                | CUSIP: 44812J104<br>LEI: 98450066FEF9C1D3FC20 | Long             | EC               | CORP              | US        |    339924 | NS      | $11832754.44  | 4.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Bitdeer Technologies Group    | Bitdeer Technologies Group                | CUSIP: N/A<br>LEI: 2549007M2KGWVJ9XFP20       | Long             | EC               | CORP              | SG        |    497726 | NS      | $8506137.34   | 3.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Digital Corp          | Applied Digital Corp                      | CUSIP: 038169207<br>LEI: 2549004NE2B6RYXINZ02 | Long             | EC               | CORP              | US        |    632824 | NS      | $14516982.56  | 5.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Canaan Inc                    | Canaan Inc                                | CUSIP: 134748102<br>LEI: 254900OEOGK9ALNMUN24 | Long             | EC               | CORP              | SG        |   1347822 | NS      | $1188239.88   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Cleanspark Inc                | Cleanspark Inc                            | CUSIP: 18452B209<br>LEI: 254900VO7KBRJQDGY810 | Long             | EC               | CORP              | US        |    951877 | NS      | $13802216.50  | 5.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Scientific Inc           | Core Scientific Inc                       | CUSIP: 21874A106<br>LEI: 5299003RGB2LAZ65RK73 | Long             | EC               | CORP              | US        |    675737 | NS      | $12122721.78  | 4.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Block Inc                     | Block Inc                                 | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |     31474 | NS      | $2274625.98   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| TSMC                          | Taiwan Semiconductor Manufacturing Co Ltd | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |      5368 | NS      | $1499228.72   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Cango Inc/KY                  | Cango Inc/KY                              | CUSIP: 137586103<br>LEI: 5299003TQHBB4QUSZB86 | Long             | EC               | CORP              | CN        |   1026768 | NS      | $4353496.32   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** Valkyrie ETF Trust II

**Signature:** /s/ Benjamin Gaffey

**Name of Signer:** Benjamin Gaffey

**Title:** Treasurer