Material Event Form 8 K

Item 8.01. Other Events

Termination of Commodity Sub-Advisor

As of September 16, 2024 (the "Effective Date"), Volatility Shares LLC, the sponsor and commodity pool operator (the "Sponsor") of 2x Long VIX Futures ETF and -1x Short VIX Futures ETF (the "Funds"), will provide day-to-day portfolio management services to the Funds. Consistent therewith, the Sponsor has terminated Penserra Capital Management LLC as commodity sub-adviser to the Funds and the Commodity Sub-Advisory Agreement by and between the Sponsor and Penserra Capital Management LLC, also as of the Effective Date.