Revenue: As of FY2026 Q1, the actual value is USD 930.36 K.EBIT: As of FY2026 Q1, the actual value is USD -887.58 K.The 波动率指数期货 2 倍做多 - VS (2x Long VIX Futures ETF) segment reported a net increase in net assets resulting from operations of $217,522,625 for the three months ended March 31, 2026, a significant increase compared to $81,018,808 for the same period in 2025.<h4>Operational Metrics</h4><ul><li>Net Investment Income (Loss): The segment experienced a net investment loss of -$372,997 for the three months ended March 31, 2026, contrasting with a net investment income of $254,267 for the same period in 2025.</li><li>Total Income: Total income increased to $1,480,822 in Q1 2026 from $1,193,527 in Q1 2025.</li><li>Total Expenses: Total expenses more than doubled, rising to $1,853,819 in Q1 2026 from $939,260 in Q1 2025, driven by higher management fees, administrative, accounting and custodian fees, professional fees, and licensing and registration fees.</li><li>Net Realized Gain on Futures: The segment recognized a net realized gain on futures of $141,513,502 in Q1 2026, up from $78,077,648 in Q1 2025.</li><li>Net Change in Unrealized Appreciation on Futures: There was a net change in unrealized appreciation on futures of $76,382,120 in Q1 2026, compared to $2,686,893 in Q1 2025.</li><li>Net Realized and Unrealized Gain (Loss) on Investments and Futures Contracts: This figure was $217,895,622 in Q1 2026, significantly higher than $80,764,541 in Q1 2025.</li><li>Expense Ratio: The expense ratio was 2.01% for the three months ended March 31, 2026, slightly lower than 2.04% for the same period in 2025.</li><li>Net Investment Income (Loss) Ratio: The net investment income (loss) ratio was -0.41% in Q1 2026, a decrease from 0.55% in Q1 2025.</li></ul><h4>Cash Flow</h4><ul><li>Net Cash Provided by Operating Activities: The segment generated $350,655,892 in net cash from operating activities in Q1 2026, a substantial increase from $77,815,112 in Q1 2025.</li><li>Net Cash Used in Financing Activities: Net cash used in financing activities was -$274,169,671 in Q1 2026, compared to -$79,004,549 in Q1 2025.</li><li>Net Increase (Decrease) in Cash: Cash increased by $76,486,221 in Q1 2026, compared to a decrease of -$1,189,437 in Q1 2025.</li></ul><h4>Balance Sheet Highlights (as of March 31, 2026 vs. December 31, 2025)</h4><ul><li>Total Assets: Increased to $355,560,114 from $332,731,568.</li><li>Total Liabilities: Significantly increased to $66,613,200 from $1,440,468, primarily due to a variation margin payable of $64,933,436 in Q1 2026.</li><li>Net Assets: Decreased to $288,946,914 from $331,291,100.</li><li>Cash: Increased to $139,054,309 from $62,568,088.</li><li>Deposits at Broker for Futures and Options Contracts: Decreased to $201,645,499 from $263,069,326.</li><li>Paid-in Capital: Decreased to $1,109,528,008 from $1,369,394,819.</li><li>Total Distributable Earnings (Accumulated Deficit): Improved to -$820,581,094 from -$1,038,103,719.</li></ul><h4>Unique Metrics</h4><ul><li>Average Notional Value of Long Futures Contracts: For the three months ended March 31, 2026, the average notional value was $689,615,808, an increase from $361,208,955 for the same period in 2025.</li></ul><h4>Future Outlook and Strategy</h4>The 波动率指数期货 2 倍做多 - VS (2x Long VIX Futures ETF) aims to achieve daily investment results corresponding to twice the performance of the Long VIX Futures Index, before fees and expenses, for a single day. The Fund employs a mathematical approach to determine its investment positions, including derivatives, to align with its objective. It seeks to rebalance its portfolio daily to maintain consistent exposure, though market conditions may introduce variations.

2x Long VIX Futures ETF | 10-Q: FY2026 Q1 Revenue: USD 930.36 K