# EDGAR Filing Document

**Accession Number:** 0001877493
**File Stem:** 0000894189-26-007093
**Filing Date:** 2026-2
**Character Count:** 15836
**Document Hash:** 66c81a5433bb5071a20c881627b6125a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-007093.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0000894189-26-007093

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**PERIOD START**: 20260930

**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:** 26699367

**BUSINESS ADDRESS:**
- **STREET 1:** 437 MADISON AVENUE
- **STREET 2:** 28TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022
- **BUSINESS PHONE:** 800-617-0004

**MAIL ADDRESS:**
- **STREET 1:** 437 MADISON AVENUE
- **STREET 2:** 28TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022

## Series and Classes Contracts Data

### CoinShares Altcoins ETF (Series ID: S000091576)

| Class ID   | Class Name              | Ticker Symbol   |
|:---|:---|:---|
| C000259254 | CoinShares Altcoins ETF | DIME            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **CoinShares Altcoins ETF** | **CoinShares Altcoins ETF** | **CoinShares Altcoins ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** |
| **EXCHANGE TRADED FUNDS - 92.1%** | **Shares** | **Value** |
| 21Shares Aptos Staking ETP <sup>(a)</sup> | 24700 | $64185 |
| 21Shares Binance BNB ETP <sup>(a)</sup> | 2400 | 137688 |
| 21Shares NEAR Protocol Staking ETP <sup>(a)</sup> | 13900 | 61715 |
| 21Shares Sui Staking ETP <sup>(a)</sup> | 1400 | 57645 |
| 21Shares Toncoin Staking ETP <sup>(a)</sup> | 10530 | 65813 |
| Bitwise Aptos Staking ETP <sup>(a)</sup> | 46390 | 82667 |
| Bitwise Avalanche Staking ETP <sup>(a)</sup> | 12800 | 79788 |
| Bitwise NEAR Staking ETP <sup>(a)</sup> | 10150 | 79475 |
| Bitwise Physical Cardano ETP <sup>(a)</sup> | 30700 | 49858 |
| Bitwise Solana Staking ETP <sup>(a)</sup> | 7900 | 50923 |
| CoinShares Physical Staked Cardano <sup>(a)</sup> | 129900 | 50025 |
| CoinShares Physical Staked Cosmos <sup>(a)</sup> | 116630 | 137374 |
| CoinShares Physical Staked Polkadot <sup>(a)</sup> | 24250 | 53505 |
| CoinShares Physical Staked Solana <sup>(a)</sup> | 3750 | 52222 |
| CoinShares Sei Staking ETP <sup>(a)</sup> | 121720 | 138639 |
| CoinShares Toncoin Staking ETP <sup>(a)</sup> | 104000 | 85238 |
| VanEck Avalanche ETN <sup>(a)</sup> | 61480 | 79899 |
| VanEck Polkadot ETN <sup>(a)</sup> | 95300 | 53165 |
| VanEck Sui ETN <sup>(a)</sup> | 12770 | 79136 |
| WisdomTree Physical Cardano <sup>(a)</sup> | 11500 | 49868 |
| WisdomTree Physical Polkadot <sup>(a)</sup> | 51800 | 53165 |
| WisdomTree Physical Solana <sup>(a)</sup> | 3000 | 51314 |
| **TOTAL EXCHANGE TRADED FUNDS** (Cost $2,071,711) | **TOTAL EXCHANGE TRADED FUNDS** (Cost $2,071,711) | 1613307 |
| **TOTAL INVESTMENTS - 92.1% (**Cost $2,071,711**)** | **TOTAL INVESTMENTS - 92.1% (**Cost $2,071,711**)** | 1613307 |
| Other Assets and Liabilities, net - 7.9% | Other Assets and Liabilities, net - 7.9% | 138330 |
| **TOTAL NET ASSETS - 100.0%** |  | $1751637 |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |
| The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. | The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. | The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |

---

(a) Non-income producing security.

------

#### Summary of Fair Value Disclosure as of December 31, 2025 (Unaudited)
CoinShares Altcoins ETF (the "Fund") 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 December 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Assets:** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  Exchange Traded Funds | $1613307 | $– | $– | $1613307 |
| Total Investments | $1613307 | $– | $– | $1613307 |
| 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:** Valkyrie ETF Trust II

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

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

- **d. LEI of Registrant:** 549300G8WBPLW7ZDCK64

- **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:** CoinShares Altcoins ETF

- **b. EDGAR series identifier (if any):** S000091576

- **c. LEI of Series:** 529900JWOX3BVUI9RA77

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

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2025-12-31

**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:** $1751636.99

**Net Assets:** $1751636.99

**Cash Not Reported:** $138272.96

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000259254 | -32.25%              | -23.90%              | -15.45%              |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $441.25                  | $-484435.29                                |
| Month 2  | $0.00                    | $-524382.04                                |
| Month 3  | $-870462.13              | $550413.29                                 |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| 21Shares AG                   | 21Shares Toncoin Staking ETP        | CUSIP: N/A<br>LEI: N/A | Long             | EC               | RF                | CH        |     10530 | NS      | $65812.50     | 3.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Bitwise Europe GmbH           | Bitwise Physical Cardano ETP        | CUSIP: N/A<br>LEI: N/A | Long             | EC               | RF                | DE        |     30700 | NS      | $49857.84     | 2.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Vaneck ETP AG                 | VanEck Avalanche ETN                | CUSIP: N/A<br>LEI: N/A | Long             | EC               | RF                | LI        |     61480 | NS      | $79899.41     | 4.56%             |  |  |  | No            |                  3 | On Loan: No      |
| Wisdomtree Issuer X Ltd       | WisdomTree Physical Polkadot        | CUSIP: N/A<br>LEI: N/A | Long             | EC               | RF                | JE        |     51800 | NS      | $53165.18     | 3.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Vaneck ETP AG                 | VanEck Polkadot ETN                 | CUSIP: N/A<br>LEI: N/A | Long             | EC               | RF                | LI        |     95300 | NS      | $53164.56     | 3.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Wisdomtree Issuer X Ltd       | WisdomTree Physical Cardano         | CUSIP: N/A<br>LEI: N/A | Long             | EC               | RF                | JE        |     11500 | NS      | $49867.64     | 2.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Vaneck ETP AG                 | VanEck Sui ETN                      | CUSIP: N/A<br>LEI: N/A | Long             | EC               | RF                | LI        |     12770 | NS      | $79135.69     | 4.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Coinshares Jersey Ltd         | CoinShares Physical Staked Polkadot | CUSIP: N/A<br>LEI: N/A | Long             | EC               | RF                | JE        |     24250 | NS      | $53505.20     | 3.05%             |  |  |  | No            |                  3 | On Loan: No      |
| Coinshares Jersey Ltd         | CoinShares Physical Staked Cosmos   | CUSIP: N/A<br>LEI: N/A | Long             | EC               | RF                | JE        |    116630 | NS      | $137373.72    | 7.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Wisdomtree Issuer X Ltd       | WisdomTree Physical Solana          | CUSIP: N/A<br>LEI: N/A | Long             | EC               | RF                | JE        |      3000 | NS      | $51314.21     | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Coinshares Jersey Ltd         | CoinShares Physical Staked Solana   | CUSIP: N/A<br>LEI: N/A | Long             | EC               | RF                | JE        |      3750 | NS      | $52222.50     | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| BitGO Europe GmbH             | Bitwise Avalanche Staking ETP       | CUSIP: N/A<br>LEI: N/A | Long             | EC               | RF                | DE        |     12800 | NS      | $79787.66     | 4.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Coinshares Digital Securities | CoinShares Toncoin Staking ETP      | CUSIP: N/A<br>LEI: N/A | Long             | EC               | RF                | JE        |    104000 | NS      | $85238.40     | 4.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Bitwise Europe GmbH           | Bitwise Solana Staking ETP          | CUSIP: N/A<br>LEI: N/A | Long             | EC               | RF                | DE        |      7900 | NS      | $50923.30     | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| 21Shares AG                   | 21Shares NEAR Protocol Staking ETP  | CUSIP: N/A<br>LEI: N/A | Long             | EC               | RF                | CH        |     13900 | NS      | $61714.65     | 3.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Coinshares Jersey Ltd         | CoinShares Physical Staked Cardano  | CUSIP: N/A<br>LEI: N/A | Long             | EC               | RF                | JE        |    129900 | NS      | $50024.91     | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| 21Shares AG                   | 21Shares Binance BNB ETP            | CUSIP: N/A<br>LEI: N/A | Long             | EC               | RF                | CH        |      2400 | NS      | $137688.00    | 7.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Coinshares Digital Securities | CoinShares Sei Staking ETP          | CUSIP: N/A<br>LEI: N/A | Long             | EC               | RF                | JE        |    121720 | NS      | $138639.08    | 7.91%             |  |  |  | No            |                  1 | On Loan: No      |
| 21Shares Sui Staking ETP      | 21Shares Sui Staking ETP            | CUSIP: N/A<br>LEI: N/A | Long             | EC               | RF                | CH        |      1400 | NS      | $57645.00     | 3.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Bitwise Aptos Staking ETP     | Bitwise Aptos Staking ETP           | CUSIP: N/A<br>LEI: N/A | Long             | EC               | RF                | DE        |     46390 | NS      | $82666.98     | 4.72%             |  |  |  | No            |                  3 | On Loan: No      |
| 21Shares Aptos Staking ETP    | 21Shares Aptos Staking ETP          | CUSIP: N/A<br>LEI: N/A | Long             | EC               | RF                | CH        |     24700 | NS      | $64185.31     | 3.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Bitwise Europe GmbH           | Bitwise NEAR Staking ETP            | CUSIP: N/A<br>LEI: N/A | Long             | EC               | RF                | DE        |     10150 | NS      | $79475.31     | 4.54%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-30

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

**Signature:** /s/ Benjamin Gaffey

**Name of Signer:** Benjamin Gaffey

**Title:** Treasurer