As of September 30, 2024, VS Trust operates two exchange-traded funds (ETFs): the -1x Short VIX Futures ETF (SVIX) and the 2x Long VIX Futures ETF (UVIX). The total assets for SVIX were reported at $323.0 million, while UVIX had total assets of $173.8 million. The net assets for SVIX stood at $317.7 million, and for UVIX, they were $167.0 million. The number of shares outstanding for the Trust was 47,024,975.

In the third quarter of 2024, SVIX generated total income of $1.9 million, a significant increase from $86,183 in the same period of 2023. Conversely, UVIX's income rose to $407,680 from $257,541 year-over-year. Total expenses for SVIX in Q3 2024 were $1.3 million, up from $410,699 in Q3 2023, while UVIX's expenses increased slightly to $539,870 from $488,187. Notably, SVIX reported net investment income of $606,641, a recovery from a net loss of $(324,516) in Q3 2023. In contrast, UVIX experienced a net loss of $(132,190) compared to a loss of $(230,646) in the prior year.

For the nine months ended September 30, 2024, SVIX's total income reached $3.0 million, up from $207,714 in the same period of 2023. UVIX's income also increased to $923,605 from $691,812. Total expenses for SVIX were $2.5 million, compared to $1.1 million in the previous year, while UVIX's expenses decreased to $1.4 million from $1.7 million. SVIX reported net investment income of $490,963, a turnaround from a loss of $(862,545) in 2023, while UVIX continued to report a loss of $(477,494), albeit improved from $(984,822) in the prior year.

The net realized and unrealized loss on investments for SVIX in Q3 2024 was $(31.4 million), contrasting with a gain of $2.8 million in Q3 2023. UVIX reported a loss of $(6.0 million) compared to $(11.1 million) in the previous year. For the nine-month period, SVIX recorded a net realized gain of $20.3 million, while UVIX faced a loss of $(61.6 million), both showing significant changes from the previous year's figures.

The net increase in net assets resulting from operations for SVIX was $(30.7 million) in Q3 2024, down from a gain of $2.5 million in Q3 2023. UVIX also saw a decrease, reporting $(6.1 million) compared to $(11.3 million) in the prior year. For the nine months, SVIX's net increase was $20.8 million, while UVIX's net decrease was $(62.1 million), reflecting a notable shift in performance.

The Trust's management fees are set at 1.35% for SVIX and 1.65% for UVIX, with U.S. Bancorp Fund Services, LLC serving as the fund accountant and administrator. The Trust remains classified as an emerging growth company, allowing it to utilize certain reporting exemptions.