# EDGAR Filing Document

**Accession Number:** 0001924868
**File Stem:** 0001145549-25-044337
**Filing Date:** 2025-6
**Character Count:** 36238
**Document Hash:** a4da3bf1d1b6ba1091f0437f608a1226
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-044337.hdr.sgml**: 20250627

**ACCESSION NUMBER**: 0001145549-25-044337

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250627

**DATE AS OF CHANGE**: 20250627

**PERIOD START**: 20250731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Tidal Trust II
- **CENTRAL INDEX KEY:** 0001924868

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23793
- **FILM NUMBER:** 251085955

**BUSINESS ADDRESS:**
- **STREET 1:** 234 WEST FLORIDA STREET, SUITE 203
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53204
- **BUSINESS PHONE:** (844) 986-7676

**MAIL ADDRESS:**
- **STREET 1:** 234 WEST FLORIDA STREET, SUITE 203
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53204

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Tidal ETF Trust II
- **DATE OF NAME CHANGE:** 20220421

## Series and Classes Contracts Data

### YieldMax(TM) Crypto Industry & Tech Portfolio Option Income ETF (Series ID: S000089003)

| Class ID   | Class Name                                                      | Ticker Symbol   |
|:---|:---|:---|
| C000255410 | YieldMax(TM) Crypto Industry & Tech Portfolio Option Income ETF | LFGY            |

## Nport-Ex

---

| | | | |
|:---|:---|:---|:---|
| **YieldMax Crypto Industry & Tech Portfolio Option Income ETF** | **YieldMax Crypto Industry & Tech Portfolio Option Income ETF** | **YieldMax Crypto Industry & Tech Portfolio Option Income ETF** | **YieldMax Crypto Industry & Tech Portfolio Option Income ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **April 30, 2025 (Unaudited)** | **April 30, 2025 (Unaudited)** | **April 30, 2025 (Unaudited)** | **April 30, 2025 (Unaudited)** |
| **COMMON STOCKS - 74.3%** | **COMMON STOCKS - 74.3%** | **Shares** | **Value**  |
| **Banks - 4.8%** | **Banks - 4.8%** | **Banks - 4.8%** | |
| NU Holdings Ltd./Cayman Islands - Class A <sup>(a)(b)</sup> | NU Holdings Ltd./Cayman Islands - Class A <sup>(a)(b)</sup> | 318467 | $3958545 |
| **Commercial Services - 1.0%** | **Commercial Services - 1.0%** | **Commercial Services - 1.0%** |  |
| Block, Inc. - Class A <sup>(a)(b)</sup> | Block, Inc. - Class A <sup>(a)(b)</sup> | 14081 | 823316 |
| **Diversified Financial Services - 10.0%** | **Diversified Financial Services - 10.0%** | **Diversified Financial Services - 10.0%** |  |
| Coinbase Global, Inc. - Class A <sup>(a)(b)</sup> | Coinbase Global, Inc. - Class A <sup>(a)(b)</sup> | 40371 | 8190872 |
| **Internet - 10.3%** | **Internet - 10.3%** | **Internet - 10.3%** |  |
| MercadoLibre, Inc. <sup>(a)(b)</sup> | MercadoLibre, Inc. <sup>(a)(b)</sup> | 1575 | 3671089 |
| Opera Ltd. - ADR <sup>(b)</sup> | Opera Ltd. - ADR <sup>(b)</sup> | 203990 | 3482109 |
| Robinhood Markets, Inc. - Class A <sup>(a)(b)</sup> | Robinhood Markets, Inc. - Class A <sup>(a)(b)</sup> | 25989 | 1276320 |
|  |  |  | 8429518 |
| **Investment Companies - 27.2%<sup>(c)</sup>** | **Investment Companies - 27.2%<sup>(c)</sup>** | **Investment Companies - 27.2%<sup>(c)</sup>** |  |
| Bitdeer Technologies Group - Class A <sup>(a)(b)</sup> | Bitdeer Technologies Group - Class A <sup>(a)(b)</sup> | 188959 | 1808338 |
| Cipher Mining, Inc. <sup>(a)(b)</sup> | Cipher Mining, Inc. <sup>(a)(b)</sup> | 235051 | 669895 |
| Cleanspark, Inc. <sup>(a)(b)</sup> | Cleanspark, Inc. <sup>(a)(b)</sup> | 729726 | 5961861 |
| Core Scientific, Inc. <sup>(a)(b)</sup> | Core Scientific, Inc. <sup>(a)(b)</sup> | 438348 | 3550619 |
| Hut 8 Corp. <sup>(a)(b)</sup> | Hut 8 Corp. <sup>(a)(b)</sup> | 280112 | 3448179 |
| MARA Holdings, Inc. <sup>(a)(b)</sup> | MARA Holdings, Inc. <sup>(a)(b)</sup> | 249455 | 3335213 |
| Riot Platforms, Inc. <sup>(a)(b)</sup> | Riot Platforms, Inc. <sup>(a)(b)</sup> | 474447 | 3434996 |
|  |  |  | 22209101 |
| **Retail - 2.5%** | **Retail - 2.5%** | **Retail - 2.5%** |  |
| GameStop Corp. - Class A <sup>(a)(b)</sup> | GameStop Corp. - Class A <sup>(a)(b)</sup> | 72923 | 2031635 |
| **Semiconductors - 1.2%** | **Semiconductors - 1.2%** | **Semiconductors - 1.2%** |  |
| NVIDIA Corp. <sup>(b)</sup> | NVIDIA Corp. <sup>(b)</sup> | 8652 | 942376 |
| **Software - 17.3%** | **Software - 17.3%** | **Software - 17.3%** |  |
| MicroStrategy, Inc. - Class A <sup>(a)(b)</sup> | MicroStrategy, Inc. - Class A <sup>(a)(b)</sup> | 37056 | 14085356 |
| **TOTAL COMMON STOCKS** (Cost $68,013,497) | **TOTAL COMMON STOCKS** (Cost $68,013,497) | **TOTAL COMMON STOCKS** (Cost $68,013,497) | 60670719 |
| **PURCHASED OPTIONS - 8.6%<sup>(a)(d)(e)</sup>** | **Notional Amount** | **Contracts** |  |
| **Call Options - 8.6%** | **Call Options - 8.6%** |  | $**–** |
|  Bitdeer Technologies Group, Expiration: 05/09/2025; Exercise Price: $12.00 | $1806816 | 1888 | 18880 |
|  Block, Inc., Expiration: 05/02/2025; Exercise Price: $65.00 | 818580 | 140 | 11620 |
| Cleanspark, Inc. | Cleanspark, Inc. | – | $– |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiration: 05/02/2025; Exercise Price: $5.00 | 1258180 | 1540 | 477400 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiration: 05/09/2025; Exercise Price: $10.50 | 7217378 | 8834 | 75089 |
| Coinbase Global, Inc., | Coinbase Global, Inc., | – | $– |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiration: 05/02/2025; Exercise Price: $150.00 | 4098378 | 202 | 1075650 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiration: 05/02/2025; Exercise Price: $225.00 | 12234267 | 603 | 11457 |
| Core Scientific, Inc. | Core Scientific, Inc. | – | $– |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiration: 05/02/2025; Exercise Price: $5.00 | 1053000 | 1300 | 384150 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiration: 05/09/2025; Exercise Price: $10.50 | 4603230 | 5683 | 31257 |
|  GameStop Corp., Expiration: 05/02/2025; Exercise Price: $35.00 | 2028208 | 728 | 2912 |
|  Hut 8 Corp., Expiration: 05/09/2025; Exercise Price: $15.50 | 3445569 | 2799 | 27990 |
|  iShares Bitcoin Trust ETF, Expiration: 05/02/2025; Exercise Price: $37.00 | 4655370 | 870 | 1437675 |
| MARA Holdings, Inc., | MARA Holdings, Inc., | – | $– |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiration: 05/02/2025; Exercise Price: $10.00 | 3609900 | 2700 | 904500 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiration: 05/09/2025; Exercise Price: $18.50 | 6943041 | 5193 | 31158 |
|  MBTX, Expiration: 05/16/2025; Exercise Price: $250.00 | 7644098 | 343 | 48020 |
| MercadoLibre, Inc. | MercadoLibre, Inc. | – | $– |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiration: 05/02/2025; Exercise Price: $1,900.00 | 932340 | 4 | 172820 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiration: 05/09/2025; Exercise Price: $2,440.00 | 4428615 | 19 | 104310 |
| MicroStrategy, Inc., | MicroStrategy, Inc., | – | $– |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiration: 05/02/2025; Exercise Price: $230.00 | 4941430 | 130 | 1951950 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiration: 05/02/2025; Exercise Price: $427.50 | 18967489 | 499 | 19461 |
|  NU Holdings Ltd./Cayman Islands, Expiration: 05/09/2025; Exercise Price: $13.50 | 3955226 | 3182 | 7955 |
| Riot Platforms, Inc. | Riot Platforms, Inc. | – | $– |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiration: 05/02/2025; Exercise Price: $5.00 | 796400 | 1100 | 254100 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiration: 05/02/2025; Exercise Price: $8.50 | 4229608 | 5842 | 20447 |
|  Robinhood Markets, Inc., Expiration: 05/02/2025; Exercise Price: $60.00 | 1262127 | 257 | 8224 |
| **TOTAL PURCHASED OPTIONS** (Cost $7,233,429) | **TOTAL PURCHASED OPTIONS** (Cost $7,233,429) | **TOTAL PURCHASED OPTIONS** (Cost $7,233,429) | 7077025 |
| **EXCHANGE TRADED FUNDS - 4.9%** | **EXCHANGE TRADED FUNDS - 4.9%** | **Shares** |  |
| iShares Bitcoin Trust ETF <sup>(a)(b)</sup> | iShares Bitcoin Trust ETF <sup>(a)(b)</sup> | 74718 | 3998160 |
| **TOTAL EXCHANGE TRADED FUNDS** (Cost $3,876,041) | **TOTAL EXCHANGE TRADED FUNDS** (Cost $3,876,041) | **TOTAL EXCHANGE TRADED FUNDS** (Cost $3,876,041) | 3998160 |
| **SHORT-TERM INVESTMENTS - 11.7%** | **SHORT-TERM INVESTMENTS - 11.7%** |  |  |
| **Money Market Funds - 11.7%** | **Money Market Funds - 11.7%** |  |  |
| First American Government Obligations Fund - Class X, 4.25% <sup>(f)</sup> | First American Government Obligations Fund - Class X, 4.25% <sup>(f)</sup> | 9523070 | 9523070 |
| **TOTAL SHORT-TERM INVESTMENTS** (Cost $9,523,070) | **TOTAL SHORT-TERM INVESTMENTS** (Cost $9,523,070) | **TOTAL SHORT-TERM INVESTMENTS** (Cost $9,523,070) | 9523070 |
| **TOTAL INVESTMENTS - 99.5% (**Cost $88,646,037**)** | **TOTAL INVESTMENTS - 99.5% (**Cost $88,646,037**)** | **TOTAL INVESTMENTS - 99.5% (**Cost $88,646,037**)** | 81268974 |
| Other Assets in Excess of Liabilities - 0.5% | Other Assets in Excess of Liabilities - 0.5% | Other Assets in Excess of Liabilities - 0.5% | 384312 |
| **TOTAL NET ASSETS - 100.0%** |  |  | $81653286 |
| two | two | two | –% |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |

---

ADR - American Depositary Receipt<br>

(a) Non-income producing security.

(b) Held in connection with written option contracts. See Schedule of Written Options for further information.

(c) To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect those
 industries or sectors.

(d) Exchange-traded.

(e) 100 shares per contract.

(f) The rate shown represents the 7-day annualized effective yield as of April 30, 2025.

------

---

| | | | |
|:---|:---|:---|:---|
| <br> **YieldMax Crypto Industry & Tech Portfolio Option Income ETF** | <br> **YieldMax Crypto Industry & Tech Portfolio Option Income ETF** | <br> **YieldMax Crypto Industry & Tech Portfolio Option Income ETF** | <br> **YieldMax Crypto Industry & Tech Portfolio Option Income ETF** |
| **Schedule of Written Options** | **Schedule of Written Options** | **Schedule of Written Options** | **Schedule of Written Options** |
| **April 30, 2025 (Unaudited)** | **April 30, 2025 (Unaudited)** | **April 30, 2025 (Unaudited)** | **April 30, 2025 (Unaudited)** |
| **WRITTEN OPTIONS - (2.5)%<sup>(a)(b)</sup>** | **Notional Amount** | **Contracts** | **Value** |
| **Call Options - (2.5)%** | **Call Options - (2.5)%** | **Call Options - (2.5)%** | **Call Options - (2.5)%** |
| Bitdeer Technologies Group, Expiration: 05/09/2025; Exercise Price: $11.00 | $(1806816) | (1888) | $(42480) |
| Block, Inc., Expiration: 05/02/2025; Exercise Price: $58.00 | (818580) | (140) | (46550) |
| Cipher Mining, Inc., Expiration: 05/09/2025; Exercise Price: $3.50 | (669465) | (2349) | (18792) |
| Cleanspark, Inc., Expiration: 05/09/2025; Exercise Price: $9.00 | (7217378) | (8834) | (238518) |
| Coinbase Global, Inc., Expiration: 05/02/2025; Exercise Price: $207.50 | (12234267) | (603) | (159493) |
| Core Scientific, Inc., Expiration: 05/09/2025; Exercise Price: $9.00 | (4603230) | (5683) | (187539) |
| GameStop Corp., Expiration: 05/02/2025; Exercise Price: $29.00 | (2028208) | (728) | (13104) |
| Hut 8 Corp., Expiration: 05/09/2025; Exercise Price: $13.50 | (3445569) | (2799) | (106362) |
| iShares Bitcoin Trust ETF, Expiration: 05/09/2025; Exercise Price: $54.00 | (636769) | (119) | (13090) |
| MARA Holdings, Inc., Expiration: 05/09/2025; Exercise Price: $15.50 | (6943041) | (5193) | (109053) |
| MBTX, Expiration: 05/16/2025; Exercise Price: $225.00 | (7644098) | (343) | (250390) |
| MercadoLibre, Inc., Expiration: 05/09/2025; Exercise Price: $2,300.00 | (4428615) | (19) | (230660) |
| MicroStrategy, Inc., Expiration: 05/02/2025; Exercise Price: $387.50 | (18967489) | (499) | (245758) |
| NU Holdings Ltd./Cayman Islands, Expiration: 05/09/2025; Exercise Price: $12.50 | (3955226) | (3182) | (89096) |
| NVIDIA Corp., Expiration: 05/02/2025; Exercise Price: $111.00 | (914928) | (84) | (9114) |
| Opera Ltd., Expiration: 05/16/2025; Exercise Price: $17.50 | (3477159) | (2037) | (106942) |
| Riot Platforms, Inc., Expiration: 05/02/2025; Exercise Price: $7.50 | (4229608) | (5842) | (108077) |
| Robinhood Markets, Inc., Expiration: 05/02/2025; Exercise Price: $52.00 | (1262127) | (257) | (45361) |
| **TOTAL WRITTEN OPTIONS** (Premiums received $2,147,820) |  |  | $(2020379) |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |

---

(a) Exchange-traded.

(b) 100 shares per contract.

------

#### Summary of Fair Value Disclosure as of April 30, 2025 (Unaudited)
YieldMax Crypto Industry & Tech Portfolio Option Income ETF has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of April 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** | | | | |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $60670719 | $– | $– | $60670719 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Purchased Options | – | 7077025 | – | 7077025 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | 3998160 | – | – | 3998160 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 9523070 | – | – | 9523070 |
| Total Investments | $74191949 | $7077025 | $– | $81268974 |
| **Liabilities:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Written Options | $– | $(2020379) | $– | $(2020379) |
| Total Investments | $– | $(2020379) | $– | $(2020379) |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Tidal Trust II

- **b. Investment Company Act file number:** 811-23793

- **c. CIK number of Registrant:** 0001924868

- **d. LEI of Registrant:** 549300BGXECFCIZF2P89

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

  - **Street Address 1:** 234 West Florida Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53204

  - **Telephone number:** 844-986-7700

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

- **a. Name of Series:** YieldMax Crypto Industry and Tech Portfolio Option Income ETF

- **b. EDGAR series identifier (if any):** S000089003

- **c. LEI of Series:** 254900LAR4BUUCMGHC21

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

- **a. Date of fiscal year-end:** 2025-07-31

- **b. Date as of which information is reported:** 2025-04-30

**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:** $82467097.38

**Total Liabilities:** $1656029.26

**Net Assets:** $80811068.12

**Cash Not Reported:** $2033932.99

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000255410 | -14.79%              | -10.29%              | 12.00%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-9444.88                | $-16175897.17                              |
| Month 2  | $-782935.61              | $-9544797.35                               |
| Month 3  | $-6857077.69             | $18920114.73                               |

**Designated Index Information**

- **Index Name:** S&P CME Bitcoin Futures Index (USD) Total Return

- **Index Identifier:** SPBTCFUT

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Cipher Mining Inc              | Cipher Mining Inc                          | CUSIP: 17253J106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    232410 | NS      | $662368.50    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Hut 8 Corp                     | Hut 8 Corp                                 | CUSIP: 44812J104<br>LEI: 98450066FEF9C1D3FC20 | Long             | EC               | CORP              | US        |    276965 | NS      | $3409439.15   | 4.22%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Coinbase Global Inc                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       202 | NC      | $1075650.00   | 1.33%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Coinbase Global Inc                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -599 | NC      | $-158435.50   | -0.20%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Hut 8 Corp                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -2768 | NC      | $-6920.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | iShares Bitcoin Trust ETF                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -119 | NC      | $-13090.00    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MercadoLibre Inc                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -19 | NC      | $-230660.00   | -0.29%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Riot Platforms Inc                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      5789 | NC      | $2894.53      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Opera Ltd                      | Opera Ltd                                  | CUSIP: 68373M107<br>LEI: 5493001ULS7KDNNZ3W51 | Long             | EC               | CORP              | NO        |    201698 | NS      | $3442984.86   | 4.26%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | MBTX US 05/16/25 C250                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       341 | NC      | $47740.00     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MercadoLibre Inc                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         4 | NC      | $172820.00    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MercadoLibre Inc                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        19 | NC      | $104310.00    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Riot Platforms Inc                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      1100 | NC      | $254100.00    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   9523070 | NS      | $9523070.02   | 11.78%            |  |  |  | No            |                  1 | On Loan: No      |
| MicroStrategy Inc              | MicroStrategy Inc                          | CUSIP: 594972408<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EC               | CORP              | US        |     36640 | NS      | $13927230.40  | 17.23%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Cleanspark Inc                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      1540 | NC      | $477400.00    | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Cleanspark Inc                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -8753 | NC      | $-13129.50    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Coinbase Global Inc                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       599 | NC      | $11381.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MicroStrategy Inc                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       130 | NC      | $1951950.00   | 2.42%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Cleanspark Inc                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      8753 | NC      | $4376.54      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Cleanspark Inc                 | Cleanspark Inc                             | CUSIP: 18452B209<br>LEI: 254900VO7KBRJQDGY810 | Long             | EC               | CORP              | US        |    721527 | NS      | $5894875.59   | 7.29%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Core Scientific Inc                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -5634 | NC      | $-185922.00   | -0.23%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Core Scientific Inc                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      5634 | NC      | $30987.00     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Block Inc                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -139 | NC      | $-46217.50    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| GameStop Corp                  | GameStop Corp                              | CUSIP: 36467W109<br>LEI: 549300505KLOET039L77 | Long             | EC               | CORP              | US        |     72104 | NS      | $2008817.44   | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Bitcoin Trust ETF      | iShares Bitcoin Trust ETF                  | CUSIP: 46438F101<br>LEI: 529900HVFN08L8P4H851 | Long             | EC               | RF                | US        |     73879 | NS      | $3953265.29   | 4.89%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Bitdeer Technologies Group                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      1867 | NC      | $18670.00     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | GameStop Corp                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       720 | NC      | $2880.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | iShares Bitcoin Trust ETF                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       870 | NC      | $1437675.00   | 1.78%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MARA Holdings Inc                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      2700 | NC      | $904500.00    | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MARA Holdings Inc                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      5165 | NC      | $30990.00     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | NU Holdings Ltd/Cayman Islands             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      3147 | NC      | $7867.50      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Block Inc                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       139 | NC      | $11537.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Robinhood Markets Inc                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -255 | NC      | $-45007.50    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Robinhood Markets Inc                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       255 | NC      | $8160.00      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Robinhood Markets Inc          | Robinhood Markets Inc                      | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |     25697 | NS      | $1261979.67   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | MBTX US 05/16/25 C225                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -341 | NC      | $-248930.00   | -0.31%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MicroStrategy Inc                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       495 | NC      | $19305.00     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | NU Holdings Ltd/Cayman Islands             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -3147 | NC      | $-88116.00    | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Riot Platforms Inc                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -5789 | NC      | $-20261.50    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MARA Holdings Inc                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -5165 | NC      | $-108465.00   | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| Core Scientific Inc            | Core Scientific Inc                        | CUSIP: 21874A106<br>LEI: 5299003RGB2LAZ65RK73 | Long             | EC               | CORP              | US        |    433423 | NS      | $3510726.30   | 4.34%             |  |  |  | No            |                  1 | On Loan: No      |
| MARA Holdings Inc              | MARA Holdings Inc                          | CUSIP: 565788106<br>LEI: 549300M8ISKPTX2W7F94 | Long             | EC               | CORP              | US        |    246653 | NS      | $3297750.61   | 4.08%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Bitdeer Technologies Group                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -1867 | NC      | $-42007.50    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Cipher Mining Inc                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -2323 | NC      | $-18584.00    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Hut 8 Corp                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      2768 | NC      | $2768.01      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Coinbase Global Inc            | Coinbase Global Inc                        | CUSIP: 19260Q107<br>LEI: 5493004G3J2SC154DU06 | Long             | EC               | CORP              | US        |     39918 | NS      | $8098963.02   | 10.02%            |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre Inc               | MercadoLibre Inc                           | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | UY        |      1558 | NS      | $3631464.30   | 4.49%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                    | NVIDIA Corp                                | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |      8555 | NS      | $931810.60    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Riot Platforms Inc             | Riot Platforms Inc                         | CUSIP: 767292105<br>LEI: 5299005LKZAJQDQZDF73 | Long             | EC               | CORP              | US        |    469117 | NS      | $3396407.08   | 4.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Block Inc                      | Block Inc                                  | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |     13923 | NS      | $814077.81    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Core Scientific Inc                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      1300 | NC      | $384150.00    | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Bitdeer Technologies Group     | Bitdeer Technologies Group                 | CUSIP: N/A<br>LEI: 2549007M2KGWVJ9XFP20       | Long             | EC               | CORP              | SG        |    186836 | NS      | $1788020.52   | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| NU Holdings Ltd/Cayman Islands | NU Holdings Ltd/Cayman Islands             | CUSIP: N/A<br>LEI: 5493002DG1RHWK9W2X27       | Long             | EC               | CORP              | BR        |    314889 | NS      | $3914070.27   | 4.84%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | GameStop Corp                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -720 | NC      | $-12960.00    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MicroStrategy Inc                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -495 | NC      | $-243787.50   | -0.30%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | NVIDIA Corp                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -84 | NC      | $-9114.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Opera Ltd                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -2015 | NC      | $-105787.50   | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-27

**Name of Applicant:** Tidal Trust II

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial Officer