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Investments (Tables)
 9 Months Ended
Sep. 30, 2022
Disclosure Text Block Supplement [Abstract]  
Schedule of fair value of derivative instruments
      Asset Derivatives  Liability Derivatives
Derivatives Not Accounted
for as Hedging Instruments		  Fund  Statements of
Financial Condition
Location		  Unrealized
Appreciation		   Statements of
Financial Condition
Location   		  Unrealized
Depreciation		 
VIX Futures Contracts     Receivables on open futures contracts, unrealized appreciation on swap agreements      Payable on open futures contracts, unrealized depreciation on swap agreements    
  -1x Short VIX Futures ETF    $(5,577,769)*    $
             
*
  2x Long VIX Futures ETF     20,593,993      —
     Total Trust  $14,296,435*     $
*

  

*Includes cumulative appreciation (depreciation) of futures contracts as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statements of Financial Condition in receivable/payable on open futures.

 
Schedule of effect of derivative instruments on the statement of operations

Derivatives Not Accounted

for as Hedging Instruments

 

Location of Gain

(Loss) on Derivatives

Recognized in Income

  Fund 

Realized Gain
(Loss) on
Derivatives
Recognized in
Income

 

Change in
Unrealized
Appreciation
(Depreciation)
on

Derivatives
Recognized in
Income

VIX Futures Contracts  Net realized gain (loss) on futures contracts and/or swap agreements/ changes in unrealized appreciation (depreciation) on futures contracts and/or swap agreements             
    -1x Short VIX Futures ETF  $8,077,788   $(6,278,300)
    2x Long VIX Futures ETF   (22,686,414)   20,574,735 
      Total Trust  $(14,608,626)  $14,296,435 

 
Schedule of pledged by funds fair values of derivative instruments
Fair Values of Derivative Instruments as of September 30, 2022
   Assets  Liabilities
Fund  Gross Amounts
of Recognized
Assets presented
in the
Statements of
Financial
Condition		  Gross Amounts
Offset in the
Statements of
Financial
Condition		  Net Amounts of Assets presented
in the
Statements of
Financial
Condition		  Gross Amounts
of Recognized
Liabilities
presented
in the
Statements of
Financial
Condition		  Gross Amounts
Offset in the
Statements of
Financial
Condition		  Net Amounts of
Liabilities
presented
in the
Statements of
Financial
Condition
-1x Short VIX Futures ETF    
              
 774,721           774,721
2x Long VIX Futures ETF   2,708,079       2,708,079  
 
       
 

 
Schedule of gross amounts not offset in the statements of financial condition
Gross Amounts Not Offset in the Statements of Financial Condition as of September 30, 2022 
Fund  Amounts of
Recognized
Assets /
(Liabilities)
presented
in the
Statements of
Financial
Condition		   Financial
Instruments
for the
Benefit of
(the Funds) /
the
Counterparties		   Cash Collateral
for the Benefit
of (the Funds) /
the
Counterparties		  Net
Amount		 
-1x Short VIX Futures ETF  $(774,721)  $  $  $(774,721)
2x Long VIX Futures ETF   2,708,079          2,708,079