1 unchanged sentence
b) Not applicable.
−Removed: Title of Securities Registered
−Removed: Amount Registered as of September 30,
−Removed: Shares Sold For the Three Months Ended September 30,
−Removed: 2025 (Unaudited)
−Removed: Sale Price of Shares Sold For the Three Months Ended September 30,
−Removed: 2025 (Unaudited)
−Removed: -1x Short VIX Futures ETF
−Removed: 2x Long VIX Futures ETF
−Removed: $ 643,952,437
+Added: (c) The Trust does not purchase shares directly from its shareholders.
+Added: The following table summarizes the redemptions by Authorized Participants during the three months ended March 31, 2026.
Title of Securities Registered
−Removed: Amount Registered as of September 30,
−Removed: Shares Sold For the Nine Months Ended September 30,
−Removed: Sale Price of Shares Sold For the Nine Months Ended September 30,
+Added: Registered as of
+Added: Ended March 31,
+Added: Sale Price of
+Added: Months Ended March 31,
-1x Short VIX Futures ETF
3 unchanged sentences
$ 747,613,401
−Removed: (1) For 2x Long VIX Futures ETF, financial highlights have been adjusted
−Removed: to reflect a 1:10 reverse stock split on January 15, 2025, as if it occurred at the commencement of operations.
Defaults Upon Senior Securities
2 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.