UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 2216, ~~2023~~2024 (September 2216, ~~2023~~2024)

VS TRUST
(Exact name of registrant as specified in its charter)

Delaware		333-248430		84-6704517
(State of Organization)		(Commission File No.)		(I.R.S. Employer Identification Number)

2000 PGA Boulevard, Suite 4440
Palm Beach Gardens, FL 33408
(866) 261-0273

(Address, including zip code, and telephone number, including area code, of
registrant’s principal executive offices)

Justin Young
Volatility Shares LLC
2000 PGA Boulevard, Suite 4440
Palm Beach Gardens, FL 33408
(866) 261-0273
(Name, address, including zip code, and telephone number, including area code, of agent for service)

Copies to:

Barry Pershkow c/o Chapman and Cutler LLP 1801 ~~1717~~K ~~Rhode~~Street, ~~Island Avenue~~ NW, Suite ~~800~~ 700 Washington, DC ~~20036 Morrison Warren Walt Draney c/o Chapman and Cutler LLP 111 West Monroe Street Chicago, IL 60603~~20006

Securities registered or to be registered pursuant to Section 12(b) of the Act.

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
2x Long VIX Futures ETF	UVIX	CBOE BZX Exchange, Inc.
-1x Short VIX Futures ETF	SVIX	CBOE BZX Exchange, Inc.

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☒

Item 8.01. Other Events

~~Change~~Termination of toCommodity ~~Exchange Listing~~Sub-Advisor

OnAs of September 2216, ~~2023~~2024 (the “Effective Date”), Volatility Shares LLC, on ~~behalf~~the ofsponsor VSand ~~Trust~~commodity pool operator (the “~~Trust~~Sponsor”) ~~issued~~of a2x ~~press~~Long ~~release~~VIX ~~announcing~~Futures aETF ~~reverse~~and ~~share~~-1x ~~split~~Short VIX Futures ETF (athe “~~Reverse Split~~Funds”), will provide day-to-day portfolio onmanagement ~~one~~services ofto the ~~Trust’s~~Funds. ~~series~~Consistent therewith, ~~specifically~~the 2xSponsor ~~Long~~has ~~VIX~~terminated ~~Futures~~Penserra ~~(Cboe~~Capital ~~BZX~~Management ~~Exchange~~LLC ~~symbol:~~as ~~UVIX~~commodity (sub-adviser to the ~~“Fund”).~~Funds ~~The~~and ~~Reverse Split~~the ~~will~~Commodity ~~not~~Sub-Advisory ~~change~~Agreement by and between the ~~value~~Sponsor ofand aPenserra ~~shareholder’s~~Capital ~~investment~~Management LLC, also as of the Effective Date.

~~The Fund will execute a 1 for 10 Reverse Split of its shares~~Item 9. ~~The Reverse Split will be effective at the market open on October 11, 2023, when the Fund begins trading at its respective~~01 ~~post-Reverse~~Financial ~~Split~~Statements ~~prices.~~and The ticker symbol for the Fund will not change, but the Fund will be issued a new CUSIP number: 92891H507. The Reverse Split will increase the price per share of the Fund with a proportionate decrease in the number of shares outstanding. Specifically, every 10 pre-Reverse Split shares held by a Fund shareholder will result in the receipt of one post-Reverse Split share, which will be priced 10 times higher than the net asset value of a pre-Reverse Split share.Exhibits

~~For Fund shareholders who hold quantities of shares that are not an exact multiple of the applicable Reverse Split ratio~~ (~~i.e., not a multiple of 10~~d)~~, the Reverse Split~~ will result in the creation of a fractional share. Post-Reverse Split fractional shares will be redeemed for cash and sent to the shareholder’s broker of record. This redemption may cause some shareholders to realize gains or losses, which could be a taxable event for those shareholders.Exhibits

The Sponsor announced the foregoing via a press release dated September 22, 2023. A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is hereby incorporated by reference.

Exhibit No.		Description

104		The cover page from this Current Report on Form 8-K, formatted in Inline XBRL

~~Item 9.01 Financial Statements and Exhibits~~1

~~(d) Exhibits~~SIGNATURES

Exhibit No.		Description
99.1		Press Release
104		The cover page from this Current Report on Form 8-K, formatted in Inline XBRL

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

1Date: September 16, 2024

~~SIGNATURES~~VS Trust By: /s/ Justin Young Justin Young Principal Executive Officer

~~Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.~~2

Date: September 22, 2023

VS Trust By: /s/ Justin Young Justin Young Principal Executive Officer

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