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Financial Highlights (Tables) | 6 Months Ended
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Jun. 30, 2023
Financial Highlights [Abstract] |
Schedule of Share Outstanding | Selected data is for a Share outstanding throughout the Three Months Ended June 30, 2023 (Unaudited) and June 30, 2022 (Unaudited)
|  | -1x Short VIX Futures ETF |  |  | 2x Long VIX Futures ETF |  |  | -1x Short VIX Futures ETF |  |  | 2x Long VIX Futures ETF |
|  | Quarter Ended |  |  | Quarter Ended |  |  | Quarter Ended |  |  | Quarter Ended |
|  | June 30, 2023 |  |  | June 30, 2023 |  |  | June 30, 2022 |  |  | June 30, 2022 |
|  | (Unaudited) |  |  | (Unaudited) |  |  | (Unaudited) |  |  | (Unaudited) |
Net Asset Value, Beginning of Period |  | $ | 16.55 |  |  | $ | 15.88 |  |  | $ | 14.16 |  |  | $ | 83.20 |
Net investment loss (1) |  |  | (0.09 | ) |  |  | (0.03 | ) |  |  | (0.05 | ) |  |  | (0.60 | )
Net Realized and Unrealized Gain (Loss) on Investments and Futures Contracts (2) |  |  | 11.67 |  |  |  | (11.41 | ) |  |  | (3.71 | ) |  |  | 3.00 |
Net Increase (Decrease) in Net Asset Value Resulting from Operations |  |  | 11.58 |  |  |  | (11.44 | ) |  |  | (3.76 | ) |  |  | 2.40 |
Net Asset Value, End of Period |  | $ | 28.13 |  |  | $ | 4.44 |  |  | $ | 10.40 |  |  | $ | 85.60 |
Market Value Per Share, at June 30, 2023 and June 30, 2022 |  | $ | 28.07 |  |  | $ | 4.46 |  |  | $ | 10.40 |  |  | $ | 85.40 |
Total Return at Net Asset Value (4) |  |  | 69.97 | % |  |  | -72.04 | % |  |  | -26.56 | % |  |  | 2.88 | %
Total Return at Market Value (4) |  |  | 70.02 | % |  |  | -72.09 | % |  |  | -25.93 | % |  |  | 1.30 | %
Ratios to Average Net Assets: (5) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Expense ratio (6) |  |  | 2.20 | % |  |  | 2.09 | % |  |  | 2.18 | % |  |  | 2.91 | %
Net Investment Loss |  |  | -1.75 | % |  |  | -1.14 | % |  |  | -0.50 | % |  |  | -0.67 | %
| (1) | Net investment loss per share represents net investment loss divided by the daily average shares of beneficial interest outstanding during the period.
| (6) | The expense ratio would be 2.17% and 2.09% respectively, for the three months ended June 30, 2023, and 2.00% and 2.81% for the three months ended June 30, 2022 if brokerage commissions and futures and futures account fees were excluded.
|  | -1x Short VIX Futures ETF |  |  | 2x Long VIX Futures ETF |  |  | -1x Short VIX Futures ETF |  |  | 2x Long VIX Futures ETF |
|  | Six Months Ended |  |  | Six Months Ended |  |  | Six Months Ended |  |  | Six Months Ended |
|  | June 30, 2023 |  |  | June 30, 2023 (7) |  |  | June 30, 2022 |  |  | June 30, 2022 (7) |
|  | (Unaudited) |  |  | (Unaudited) |  |  | (Unaudited) |  |  | (Unaudited) |
Net Asset Value, Beginning of Period |  | $ | 14.63 |  |  | $ | 29.25 |  |  | $ | 15.00 |  |  | $ | 75.00 |
Net investment loss (1) |  |  | (0.17 | ) |  |  | (0.08 | ) |  |  | (0.06 | ) |  |  | (1.20 | )
Net Realized and Unrealized Gain (Loss) on Investments and Futures Contracts (2) |  |  | 13.67 |  |  |  | (24.73 | ) |  |  | (4.54 | ) |  |  | 11.80 |
Net Increase (Decrease) in Net Asset Value Resulting from Operations |  |  | 13.50 |  |  |  | (24.81 | ) |  |  | (4.60 | ) |  |  | 10.60 |
Net Asset Value, End of Period |  | $ | 28.13 |  |  | $ | 4.44 |  |  | $ | 10.40 |  |  | $ | 85.60 |
Market Value Per Share, at June 30, 2023 and June 30, 2022 |  | $ | 28.07 |  |  | $ | 4.46 |  |  | $ | 10.40 |  |  | $ | 85.40 |
Total Return at Net Asset Value (4) |  |  | 92.28 | % |  |  | -84.82 | % |  |  | -30.67 | % |  |  | 14.13 | %
Total Return at Market Value (4) |  |  | 91.47 | % |  |  | -84.67 | % |  |  | -30.67 | % |  |  | 13.87 | %
Ratios to Average Net Assets: (5) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Expense ratio (6) |  |  | 2.25 | % |  |  | 2.13 | % |  |  | 2.18 | % |  |  | 2.91 | %
Net Investment Loss |  |  | -1.84 | % |  |  | -1.35 | % |  |  | -0.50 | % |  |  | -0.67 | %
| (2) | Due to timing of capital share transactions, per share amounts may not compare with amounts appearing elsewhere within these Financial Statements.
| (4) | Percentages are not annualized for the period ended June 30, 2023 and June 30, 2022
| (5) | Percentages are annualized.
| (6) | The expense ratio would be 2.23% and 2.13% respectively, for the six months ended June 30, 2023, and 2.01% and 2.84% for the six months ended June 30, 2022 if brokerage commissions and futures and futures account fees were excluded.
| (7) | For 2x Long VIX Futures ETF, fianancial highlights have been adjusted to reflect a 1:5 reverse stock split occurring on January 25, 2023, as if it occurred at the commencment of operations.

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