$SVIX

VS Trust

CIK:0001793497|SEC Filings

Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
Statements of Operations (Unaudited) - USD ($)	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
-1x Short VIX Futures ETF
Income:
Interest income	$ 994,637	$ 2,385,094	$ 1,924,999	$ 3,790,120
Other income	(47)	(607)	(47)	(607)
Total Income	994,590	2,384,487	1,924,952	3,789,513
Expenses:
Management fees	746,771	1,502,043	1,406,921	2,359,979
Administrative, accounting and custodian fees	77,594	82,841	132,796	155,473
Professional fees	22,783	78,270	160,250	151,032
Licensing and registration fees	34,096	48,181	67,315	95,832
Other	514	1,500	2,058	2,983
Total Expenses	881,758	1,712,835	1,769,340	2,765,299
Net Investment income/(loss)	112,832	671,652	155,612	1,024,214
Net realized gain (loss) on:
Options	(1,559,062)	(1,965,313)	(1,678,545)	(3,484,146)
Futures	84,838,783	(71,701,776)	27,304,880	(98,163,632)
Net change in unrealized appreciation (depreciation) of:
Options	199,800	(342,534)	(116,903)	(252,000)
Futures	18,888,469	24,827,275	(3,498,605)	20,164,045
Net realized and unrealized gain (loss) on investments and futures contracts	102,367,990	(49,182,348)	22,010,827	(81,735,733)
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	102,480,822	(48,510,696)	22,166,439	(80,711,519)
2x Long VIX Futures ETF
Income:
Interest income	1,728,708	1,188,948	3,209,530	2,382,591
Other income				(117)
Total Income	1,728,708	1,188,948	3,209,530	2,382,474
Expenses:
Management fees	1,785,750	1,316,207	3,305,268	2,076,828
Administrative, accounting and custodian fees	139,637	48,909	250,132	90,721
Professional fees	95,017	97,340	241,736	190,331
Licensing and registration fees	56,631	42,822	132,175	85,173
Other	514	1,500	2,058	2,983
Total Expenses	2,077,549	1,506,778	3,931,368	2,446,036
Net Investment income/(loss)	(348,841)	(317,830)	(721,838)	(63,562)
Net realized gain (loss) on:
Options
Futures	(349,299,765)	(5,105,107)	(207,786,263)	72,972,541
Net change in unrealized appreciation (depreciation) of:
Options
Futures	(75,180,533)	(89,185,485)	1,201,586	(86,498,592)
Net realized and unrealized gain (loss) on investments and futures contracts	(424,480,298)	(94,290,592)	(206,584,677)	(13,526,051)
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$ (424,829,139)	$ (94,608,422)	$ (207,306,515)	$ (13,589,613)

Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
Statements of Cash Flows (Unaudited) - USD ($)	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
-1x Short VIX Futures ETF
CASH FLOW FROM OPERATING ACTIVITIES
Net increase (decrease) in net assets resulting from operations	$ 102,480,822	$ (48,510,696)	$ 22,166,439	$ (80,711,519)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Purchase of investments	(1,906,781)	(848,645,731)	(4,055,038)	(1,158,003,446)
Proceeds from sales or maturities of investments held	563,719	869,368,120	2,723,990	1,178,611,417
Net realized gain/loss on investments in options	1,559,062	1,965,313	1,678,545	3,484,146
Net change in unrealized appreciation/depreciation on investments in options	(199,800)	342,534	116,903	252,000
Decrease (Increase) in Deposits at broker for futures and options contracts	18,822,291	(22,210,123)	15,700,726	29,668,764
Decrease (Increase) in Variation margin receivable	24,636,216	(899,245)	(4,556,961)	(2,370,919)
Decrease (Increase) in interest receivable	81,433	5,283	36,146	(26,514)
Decrease (Increase) in other receivables	(1,146)	6,096	(200)	4,952
Decrease (Increase) in Prepaid expenses and other assets		(2,535)		(12,497)
Decrease (Increase) in Due from Other
Increase (Decrease) in Due to Custodian
Increase (Decrease) in Due to Other
Increase (Decrease) in Variation margin payable			(2,218,776)	(3,655,035)
Increase (Decrease) in Payable to Sponsor	(65,703)	(50,411)	(67,754)	(26,356)
Increase (Decrease) in Administrative, accounting and custodian fees payable	(47,609)	(64,695)	(39,103)	(26,952)
Increase (Decrease) in Professional fees payable	(8,080)	(26,928)	126,743	(89,971)
Increase (Decrease) in Licensing and registration fees payable	(16,480)	(167,564)	16,738	(127,372)
Net cash provided by (used in) operating activities	145,897,944	(48,890,582)	31,628,399	(33,029,302)
CASH FLOW FROM FINANCING ACTIVITIES
Proceeds from shares sold, net of receivable for shares sold	68,423,550	798,179,347	372,752,184	1,168,099,472
Cost of shares redeemed, net of payable for shares redeemed	(301,671,641)	(748,288,765)	(405,941,206)	(1,135,070,170)
Net cash provided by (used in) financing activities	(233,248,091)	49,890,582	(33,189,022)	33,029,302
NET INCREASE (DECREASE) IN CASH	(87,350,147)		(1,560,623)
Beginning of Period	147,996,873		62,207,349
End of Period	60,646,726		60,646,726
2x Long VIX Futures ETF
CASH FLOW FROM OPERATING ACTIVITIES
Net increase (decrease) in net assets resulting from operations	(424,829,139)	(94,608,422)	(207,306,515)	(13,589,613)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Purchase of investments		(623,042,293)		(969,786,830)
Proceeds from sales or maturities of investments held		547,545,753		879,368,952
Net realized gain/loss on investments in options
Net change in unrealized appreciation/depreciation on investments in options
Decrease (Increase) in Deposits at broker for futures and options contracts	(43,957,719)	(315,252,018)	17,466,108	(309,695,717)
Decrease (Increase) in Variation margin receivable			6,528,043	4,152,478
Decrease (Increase) in interest receivable	32,377	(292,043)	45,333	(284,410)
Decrease (Increase) in other receivables	2,699	(2,604)	(1,592)	(7,498)
Decrease (Increase) in Prepaid expenses and other assets		(15,922)		(28,488)
Decrease (Increase) in Due from Other
Increase (Decrease) in Due to Custodian
Increase (Decrease) in Due to Other
Increase (Decrease) in Variation margin payable	(50,969,955)	8,449,780	13,963,481	10,640,908
Increase (Decrease) in Payable to Sponsor	(65,371)	514,222	(43,277)	383,431
Increase (Decrease) in Administrative, accounting and custodian fees payable	(86,642)	(19,118)	(86,766)	(13,022)
Increase (Decrease) in Professional fees payable	59,857	(49,148)	201,639	(127,712)
Increase (Decrease) in Licensing and registration fees payable	(135,462)	(107,628)	(59,918)	(76,806)
Net cash provided by (used in) operating activities	(519,949,355)	(476,879,440)	(169,293,464)	(399,064,327)
CASH FLOW FROM FINANCING ACTIVITIES
Proceeds from shares sold, net of receivable for shares sold	548,538,038	1,018,397,048	920,642,007	1,537,230,280
Cost of shares redeemed, net of payable for shares redeemed	(108,515,520)	(541,517,608)	(754,789,159)	(1,139,355,390)
Net cash provided by (used in) financing activities	440,022,518	476,879,440	165,852,848	397,874,890
NET INCREASE (DECREASE) IN CASH	(79,926,837)		(3,440,616)	(1,189,437)
Beginning of Period	139,054,309		62,568,088	1,189,437
End of Period	$ 59,127,472		$ 59,127,472

Investments - Schedule of Gross Amounts Not Offset in the Statements of Financial Condition (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2026	Dec. 31, 2025
-1x Short VIX Futures ETF [Member]
Schedule of Gross Amounts Not Offset in the Statements of Financial Condition [Line Items]
Amounts of Recognized Assets / (Liabilities) presented in the Statements of Financial Condition	$ 4,556,961	$ (2,218,776)
Financial Instruments for the Benefit of (the Funds) / the Counterparties
Cash Collateral for the Benefit of (the Funds) / the Counterparties
Net Amount	4,556,961	(2,218,776)
2x Long VIX Futures ETF [Member]
Schedule of Gross Amounts Not Offset in the Statements of Financial Condition [Line Items]
Amounts of Recognized Assets / (Liabilities) presented in the Statements of Financial Condition	(13,963,481)	6,528,043
Financial Instruments for the Benefit of (the Funds) / the Counterparties
Cash Collateral for the Benefit of (the Funds) / the Counterparties
Net Amount	$ (13,963,481)	$ 6,528,043