Valkyrie Bitcoin Futures Leveraged Strategy ETF
  
Consolidated Schedule of Investments
  
June 30, 2024 (Unaudited)
  
   
   
Shares
    
Value
  
MONEY MARKET FUND – 81.6%
            
First American Treasury Obligations Fund - Class X, 5.21% (a)
    
22,921,041
    
$
22,921,041
  
TOTAL MONEY MARKET FUND (Cost $22,921,041)
      
22,921,041
  
                 
TOTAL INVESTMENT – 81.6% (Cost $22,921,041)
      
22,921,041
  
Other Assets in Excess of Liabilities - 18.4% (b)
      
5,161,487
  
TOTAL NET ASSETS - 100.0%
          
$
28,082,528
  

(a)
The rate shown represents the 7-day annualized yield as of June 30, 2024.
(b)
Includes assets and deposits with broker pledged as collateral for derivative contracts. At June 30, 2024, the value of these assets totals $5,186,509.
Valkyrie Bitcoin Futures Leveraged Strategy ETF
              
Consolidated Schedule of Open Futures Contracts
                  
June 30, 2024 (Unaudited)
  
 
                  
                           
The following futures contracts of the Fund's wholly-owned subsidiary were open at June 30, 2024:
        
                           
                 
Value
  
Description
  
Number of
Contracts
Purchased
  
Settlement
Month-Year
  
Current Notional
Amount
    
Unrealized
Appreciation
    
Unrealized
(Depreciation)
  
Purchase Contracts:
                          
CME Bitcoin Futures
    
70
  
Jul-24
  
$
21,113,750
    
$
-
    
$
(527,969
)
                
$
21,113,750
    
$
-
    
$
(527,969
)
Valkyrie Bitcoin Leveraged Strategy ETF
                          
Summary of Fair Value Disclosure at June 30, 2024 (Unaudited)
                      
                               
The Fund utilizes various methods to measure the fair value of its investments on a recurring basis. Accounting principles generally accepted in the United
        
States of America ("U.S. GAAP") establish a hierarchy that prioritizes inputs to valuation methods.  The three levels of inputs are:
              
                               
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 would be based on the best information available.
          
                               
The following is a summary of the inputs used to value the Fund's investments as of June 30, 2024:
                  

   
Level 1
    
Level 2
    
Level 3
    
Total
  
Money Market Fund
                        
Money Market Fund
    
22,921,041
      
-
      
-
      
22,921,041
  
Total Investments
  
$
22,921,041
    
$
-
    
$
-
    
$
22,921,041
  
                                 
Other Financial Instruments
                                
Assets*
                                
Futures Contracts
                                
Long
  
$
(527,969
)
  
$
-
    
$
-
    
$
(527,969
)
Total Other Financial Instruments
  
$
(527,969
)
  
$
-
    
$
-
    
$
(527,969
)

*The fair value of the Fund’s other financial instruments represents the net unrealized depreciation at June 30, 2024.
              
                               
Refer to the Fund's Schedule of Investments for a detailed break-out of holdings.