<?xml version="1.0" encoding="US-ASCII"?>
<!-- Generated by Broadridge Transform (tm) - http://www.broadridge.com -->
<!-- Created: Fri Sep 04 15:05:19 UTC 2026 -->
<xs:schema elementFormDefault="qualified" targetNamespace="http://www.vegasharesetftrust.com/20260905" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:c0002068712="http://www.vegasharesetftrust.com/20260905" 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="c0002068712-20260905_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="c0002068712-20260905_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="c0002068712-20260905_def.xml" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:role="http://www.xbrl.org/2003/role/definitionLinkbaseRef"/>
      <link:roleType roleURI="http://www.vegasharesetftrust.com/20260905/role/DocumentRiskReturnSummaryUnlabeledVegaSharesFixedRateCallableBondETF" id="DocumentRiskReturnSummaryUnlabeledVegaSharesFixedRateCallableBondETF">
        <link:definition>020100 - Document - Risk/Return Summary {Unlabeled} - VegaShares Fixed Rate Callable Bond ETF</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.vegasharesetftrust.com/20260905/role/DisclosureRiskReturnDetailDataElementsVegaSharesFixedRateCallableBondETF" id="DisclosureRiskReturnDetailDataElementsVegaSharesFixedRateCallableBondETF">
        <link:definition>020101 - Disclosure - Risk/Return Detail Data {Elements} - VegaShares Fixed Rate Callable Bond ETF</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
    </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/2026" schemaLocation="https://xbrl.sec.gov/oef/2026/oef-2026.xsd"/>
  <xs:import namespace="http://xbrl.sec.gov/oef-rr/2026" schemaLocation="https://xbrl.sec.gov/oef/2026/oef-rr-2026.xsd"/>
  <xs:import namespace="http://xbrl.sec.gov/fnd-oef/2026" schemaLocation="https://xbrl.sec.gov/fnd/2026/fnd-oef-2026.xsd"/>
  <xs:import namespace="http://xbrl.sec.gov/dei/2026" schemaLocation="https://xbrl.sec.gov/dei/2026/dei-2026.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="S000108507Member" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="c0002068712_S000108507Member"/>
  <xs:element name="C000279502Member" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="c0002068712_C000279502Member"/>
  <xs:element name="MarketRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="c0002068712_MarketRiskMember"/>
  <xs:element name="ActiveManagementRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="c0002068712_ActiveManagementRiskMember"/>
  <xs:element name="BondRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="c0002068712_BondRiskMember"/>
  <xs:element name="ConcentrationInFinancialSectorRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="c0002068712_ConcentrationInFinancialSectorRiskMember"/>
  <xs:element name="ForeignIssuerRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="c0002068712_ForeignIssuerRiskMember"/>
  <xs:element name="LimitedHistoryOfOperationsRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="c0002068712_LimitedHistoryOfOperationsRiskMember"/>
  <xs:element name="NonDiversificationRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="c0002068712_NonDiversificationRiskMember"/>
  <xs:element name="SwapAgreementsRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="c0002068712_SwapAgreementsRiskMember"/>
  <xs:element name="OptionsRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="c0002068712_OptionsRiskMember"/>
  <xs:element name="ForwardContractRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="c0002068712_ForwardContractRiskMember"/>
  <xs:element name="FuturesRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="c0002068712_FuturesRiskMember"/>
  <xs:element name="UnderlyingFundsRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="c0002068712_UnderlyingFundsRiskMember"/>
  <xs:element name="CashCreateAndRedeemTransactionRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="c0002068712_CashCreateAndRedeemTransactionRiskMember"/>
<!-- [WMV7][2cGOztIpDe7UaXDY32AgoQCWJ3j54Dwkn39rbmedn+f35pzvFR1JjIkpixerxeXssxt6ITxGP5z46Zfr9zEepnaW+2Tq8HI+e6qbnJ8YVV0UkvWZhLFuhE+vkvtk8ubTvd4Mo6BMJrEwOqPLfhhl1c8YRQfgFD/UgoXXDYee4Jg0WnSvejhZ2uz/2gTAxV897VBllMBpCJ3BsK+MP6BrOGYajTNEVdHXnCu/TOKmWPk8m8SPkXqdc9yXc/6OWrMnSE1VOdHRBwLBjM8iK+X8w32HEQSxdfNlJfGPAnoJ7romJKPrk3wzSzwNtclrbF7YoU3w0EK5bk4uX2rl9rCevsczdk0kybnYPSx/jaGTADc9] CSR-->
  <xs:element name="ETFStructureRiskMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="c0002068712_ETFStructureRiskMember"/>
</xs:schema>
