<?xml version="1.0" encoding="US-ASCII"?>  
<!-- Generated by CompSci Transform (tm) - http://www.compsciresources.com -->    
<!-- Created: Mon Mar 30 20:17:52 UTC 2026 -->  
<xs:schema xmlns:ck0001884021="http://www.volatilityshares.com/20260331" elementFormDefault="qualified" targetNamespace="http://www.volatilityshares.com/20260331" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:us-types="http://xbrl.us/us-types/2009-01-31" xmlns:xs="http://www.w3.org/2001/XMLSchema" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:dtr="http://www.xbrl.org/dtr/type/2024-01-31" xmlns:xbrli="http://www.xbrl.org/2003/instance">   
  <xs:annotation>   
    <xs:appinfo>  
      <link:linkbaseRef xlink:type="simple" xlink:href="ck0001884021-20260331_lab.xml" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:role="http://www.xbrl.org/2003/role/labelLinkbaseRef"/>    
      <link:linkbaseRef xlink:type="simple" xlink:href="ck0001884021-20260331_pre.xml" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:role="http://www.xbrl.org/2003/role/presentationLinkbaseRef"/> 
      <link:linkbaseRef xlink:type="simple" xlink:href="ck0001884021-20260331_def.xml" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:role="http://www.xbrl.org/2003/role/definitionLinkbaseRef"/>    
    </xs:appinfo>   
  </xs:annotation>    
  <xs:import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd"/>  
  <xs:import namespace="http://www.xbrl.org/2003/linkbase" schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd"/>  
  <xs:import namespace="http://xbrl.sec.gov/oef/2025" schemaLocation="https://xbrl.sec.gov/oef/2025/oef-2025.xsd"/> 
  <xs:import namespace="http://xbrl.sec.gov/oef-rr/2025" schemaLocation="https://xbrl.sec.gov/oef/2025/oef-rr-2025.xsd"/>  
  <xs:import namespace="http://xbrl.sec.gov/fnd-oef/2025" schemaLocation="https://xbrl.sec.gov/fnd/2025/fnd-oef-2025.xsd"/>    
  <xs:import namespace="http://xbrl.sec.gov/dei/2025" schemaLocation="https://xbrl.sec.gov/dei/2025/dei-2025.xsd"/> 
  <xs:import namespace="http://www.xbrl.org/2009/role/negated" schemaLocation="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd"/>    
  <xs:import namespace="http://www.xbrl.org/dtr/type/2024-01-31" schemaLocation="https://www.xbrl.org/dtr/type/2024-01-31/types.xsd"/>     
  <xs:import namespace="http://xbrl.org/2005/xbrldt" schemaLocation="http://www.xbrl.org/2005/xbrldt-2005.xsd"/>   
  <xs:element name="S000102306Member" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_S000102306Member"/>  
  <xs:element name="S000102300Member" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_S000102300Member"/>  
  <xs:element name="S000102307Member" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_S000102307Member"/>  
  <xs:element name="S000102301Member" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_S000102301Member"/>  
  <xs:element name="S000102308Member" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_S000102308Member"/>  
  <xs:element name="S000102302Member" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_S000102302Member"/>  
  <xs:element name="C000272775Member" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_C000272775Member"/>  
  <xs:element name="C000272769Member" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_C000272769Member"/>  
  <xs:element name="C000272776Member" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_C000272776Member"/>  
  <xs:element name="C000272770Member" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_C000272770Member"/>  
  <xs:element name="C000272777Member" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_C000272777Member"/>  
  <xs:element name="C000272771Member" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_C000272771Member"/>  
  <xs:element name="XLMLinkedInstrumentsAreRelativelyNewInvestmentsMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_XLMLinkedInstrumentsAreRelativelyNewInvestmentsMember"/> 
  <xs:element name="XLMInvestingRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_XLMInvestingRiskMember"/>    
  <xs:element name="XLMFuturesContractsRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_XLMFuturesContractsRiskMember"/>   
  <xs:element name="LINKLinkedInstrumentsAreRelativelyNewInvestmentsMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_LINKLinkedInstrumentsAreRelativelyNewInvestmentsMember"/>   
  <xs:element name="LINKInvestingRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_LINKInvestingRiskMember"/> 
  <xs:element name="LINKFuturesContractsRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_LINKFuturesContractsRiskMember"/>     
  <xs:element name="ADALinkedInstrumentsAreRelativelyNewInvestmentsMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_ADALinkedInstrumentsAreRelativelyNewInvestmentsMember"/> 
  <xs:element name="ADAInvestingRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_ADAInvestingRiskMember"/>    
  <xs:element name="ADAFuturesContractsRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_ADAFuturesContractsRiskMember"/>   
  <xs:element name="CostOfFuturesInvestmentRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_CostOfFuturesInvestmentRiskMember"/> 
  <xs:element name="XLMLinkedETPRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_XLMLinkedETPRiskMember"/>    
  <xs:element name="LINKLinkedETPRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_LINKLinkedETPRiskMember"/> 
  <xs:element name="ADALinkedETPRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_ADALinkedETPRiskMember"/>    
  <xs:element name="SwapAgreementsRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_SwapAgreementsRiskMember"/>   
  <xs:element name="AggressiveInvestmentRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_AggressiveInvestmentRiskMember"/>     
  <xs:element name="CompoundingRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_CompoundingRiskMember"/>  
  <xs:element name="LeveragedCorrelationRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_LeveragedCorrelationRiskMember"/>     
  <xs:element name="TargetExposureAndRebalancingRisksMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_TargetExposureAndRebalancingRisksMember"/>   
  <xs:element name="RebalancingRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_RebalancingRiskMember"/>  
  <xs:element name="ManagementRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_ManagementRiskMember"/>     
  <xs:element name="DerivativesRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_DerivativesRiskMember"/>  
  <xs:element name="CounterpartyRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_CounterpartyRiskMember"/>    
  <xs:element name="InvestmentStrategyRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_InvestmentStrategyRiskMember"/> 
  <xs:element name="LiquidityRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_LiquidityRiskMember"/>   
  <xs:element name="CollateralInvestmentsRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_CollateralInvestmentsRiskMember"/>  
  <xs:element name="ActiveManagementRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_ActiveManagementRiskMember"/>  
  <xs:element name="ActiveMarketRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_ActiveMarketRiskMember"/>    
  <xs:element name="AssetConcentrationRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_AssetConcentrationRiskMember"/> 
  <xs:element name="AuthorizedParticipantConcentrationRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_AuthorizedParticipantConcentrationRiskMember"/>   
  <xs:element name="CashTransactionRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_CashTransactionRiskMember"/>     
  <xs:element name="ClearingBrokerRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_ClearingBrokerRiskMember"/>   
  <xs:element name="CommodityRegulatoryRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_CommodityRegulatoryRiskMember"/>   
  <xs:element name="CyberSecurityRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_CyberSecurityRiskMember"/> 
  <xs:element name="DebtSecuritiesRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_DebtSecuritiesRiskMember"/>   
  <xs:element name="FrequentTradingRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_FrequentTradingRiskMember"/>     
  <xs:element name="InvestmentCapacityRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_InvestmentCapacityRiskMember"/> 
  <xs:element name="LeverageRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_LeverageRiskMember"/> 
  <xs:element name="MarketMakerRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_MarketMakerRiskMember"/>  
  <xs:element name="NaturalDisasterEpidemicRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_NaturalDisasterEpidemicRiskMember"/> 
  <xs:element name="NewFundRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_NewFundRiskMember"/>    
  <xs:element name="NonDiversificationRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_NonDiversificationRiskMember"/> 
  <xs:element name="OperationalRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_OperationalRiskMember"/>  
  <xs:element name="PremiumDiscountRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_PremiumDiscountRiskMember"/>     
  <xs:element name="ReverseRepurchaseAgreementsRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_ReverseRepurchaseAgreementsRiskMember"/>    
  <xs:element name="SubsidiaryInvestmentRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_SubsidiaryInvestmentRiskMember"/>     
  <xs:element name="TaxRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_TaxRiskMember"/> 
  <xs:element name="TradingIssuesRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_TradingIssuesRiskMember"/> 
  <xs:element name="ValuationRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_ValuationRiskMember"/>   
<!-- [WMV6][FWWYGUtb4Q9TSE5bEbVK7nYqhmRTVqicjy2HuWk+f9Si8sCTU5xs7QYpB9du28oCuVXv8K/Sq1lCxqBN17/K7tufWJNKTgHVUaMTWq9Ag4nvne9nsbbWWdCx993oD2++9YFZuDTa5QqFOsa8yZ+UXRi8nn1aJXWvwUV9TgfAmB4v0Y9dnNLrVWs/pxJ+mEXsVi86pkQjCVmfiyVByJYY2gvSLuoUMfwRrVH2idBugdmUV8bCi+kNNEqrm8r56MRnQ2XtfPPRpzmgJ2S4yYKi8iZrLfQl9kW6rll3gkVn+S+Gg8iMWZCR0OHrBG5h4TNrjYMTu2SzzudLHeVqXJFv1/UtB7R22BUJIXLsGTOaypOOJD+h9g==] CSR-->   
  <xs:element name="VolatilityRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ck0001884021_VolatilityRiskMember"/>     
</xs:schema>
