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. |