Volatility Shares Trust - One+One S&P 500 and Bitcoin ETF

Frequently Asked Questions About OOSB

What does OOSB invest in?

OOSB provides exposure to the S&P 500 and Bitcoin. The fund aims for long-term capital appreciation by using leverage through US-listed futures, pooled investment vehicles, and collateral. The fund targets 100% notional exposure for the returns of each component or an aggregate of 200%. The strategy seeks to magnify exposure so that every $1 investment is $1 exposure each to the S&P 500 and Bitcoin. The fund does not invest directly in Bitcoin but uses Bitcoin price reflected in the next or second-to-next expiring futures contract. In the case of other Bitcoin-linked investments, value is calculated by the average. Through a wholly owned Cayman Islands subsidiary, the fund invests in futures, ETPs with similar exposure, equities, and cash and cash equivalents. The actively managed ETF has full discretion to adjust the portfolio at any given time, while maintaining its tax status. Therefore, tracking deviation may be greater than the performance of the S&P 500 or Bitcoin.

What is the expense ratio of OOSB?

Volatility Shares Trust - One+One S&P 500 and Bitcoin ETF (OOSB) charges an expense ratio of 0.85%. This is the annual fee deducted from fund assets to cover management and operations.

How big is OOSB?

Volatility Shares Trust - One+One S&P 500 and Bitcoin ETF (OOSB) manages $719,390 in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is OOSB actively managed or an index fund?

OOSB is actively managed — the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (OOSB's is 0.85%) in exchange for the discretion to over- or under-weight positions.

When was OOSB launched?

Volatility Shares Trust - One+One S&P 500 and Bitcoin ETF (OOSB) launched in February 2025 and is managed by Volatility Shares.

How has OOSB performed?

OOSB's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.