AUGUST
31,
2026
(Unaudited)
::
BITCOIN
&
ETHER
EQUAL
WEIGHT
ETF
CONSOLIDATED
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
1
BETE
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
51
.0
%
Repurchase
Agreements
(a)
—
51
.0
%
Repurchase
Agreements
with
various
counterparties,
rates
3.00%
-
3.66%,
dated
8/31/2026,
due
9/1/2026,
total
to
be
received
$4,540,984
(Cost
$4,540,534)
$
4,540,534
$
4,540,534
Total
Investments
—
51.0%
(Cost
$4,540,534)
4,540,534
Other
assets
less
liabilities
—
49.0%
4,368,970
Net
Assets
—
100.0%
$
8,909,504
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Futures
Contracts
Purchased
Bitcoin
&
Ether
Equal
Weight
ETF
had
the
following
open
long
futures
contracts
as
of
August
31,
2026:
Number
of
Contracts
AAAAAA
Expiration
Date
AAAAAA
Trading
Currency
AA
Notional
Amount
AAAAAA
Value
and
Unrealized
Depreciation
AAAAAA
CME
Bitcoin
12
9/25/2026
U.S.
Dollar
$
4,754,700
$
(
62,310
)
CME
Ether
33
9/25/2026
U.S.
Dollar
4,113,450
(
29,299
)
$
(
91,609
)
BITCOIN
&
ETHER
MARKET
CAP
WEIGHT
ETF
::
AUGUST
31,
2026
(Unaudited)
CONSOLIDATED
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
2
BETH
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
55
.8
%
Repurchase
Agreements
(a)
—
55
.8
%
Repurchase
Agreements
with
various
counterparties,
rates
3.00%
-
3.66%,
dated
8/31/2026,
due
9/1/2026,
total
to
be
received
$6,624,802
(Cost
$6,624,141)
$
6,624,141
$
6,624,141
Total
Investments
—
55.8%
(Cost
$6,624,141)
6,624,141
Other
assets
less
liabilities
—
44.2%
5,251,127
Net
Assets
—
100.0%
$
11,875,268
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Futures
Contracts
Purchased
Bitcoin
&
Ether
Market
Cap
Weight
ETF
had
the
following
open
long
futures
contracts
as
of
August
31,
2026:
Number
of
Contracts
AAAAAA
Expiration
Date
AAAAAA
Trading
Currency
AA
Notional
Amount
AAAAAA
Value
and
Unrealized
Depreciation
AAAAAA
CME
Bitcoin
25
9/25/2026
U.S.
Dollar
$
9,905,625
$
(
129,813
)
CME
Ether
16
9/25/2026
U.S.
Dollar
1,994,400
(
14,205
)
$
(
144,018
)
AUGUST
31,
2026
(Unaudited)
::
BITCOIN
ETF
CONSOLIDATED
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
3
BITO
::
Investments
Shares
Value
Exchange
Traded
Funds
—
66
.2
%
ProShares
GENIUS
Money
Market
ETF,
3.55%(a)(b)
(Cost
$1,126,324,400)
11,250,000
$
1,126,350,000
Principal
Amount
Short-Term
Investments
—
1
.5
%
Repurchase
Agreements
(c)
—
1
.5
%
Repurchase
Agreements
with
various
counterparties,
rates
3.00%
-
3.66%,
dated
8/31/2026,
due
9/1/2026,
total
to
be
received
$25,884,813
(Cost
$25,882,230)
$
25,882,230
25,882,230
Total
Investments
—
67.7%
(Cost
$1,152,206,630)
1,152,232,230
Other
assets
less
liabilities
—
32.3%
549,324,939
Net
Assets
—
100.0%
$
1,701,557,169
(a)
Affiliated
company
as
defined
under
the
Investment
Company
Act
of
1940.
(b)
Represents
7-day
effective
yield
as
of
August
31,
2026.
(c)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
BITCOIN
ETF
::
AUGUST
31,
2026
(Unaudited)
CONSOLIDATED
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
4
BITO
::
Affiliates
Investments
in
issuers
considered
to
be
affiliate(s)
of
the
Fund
during
the
period
ended
August
31,
2026
for
purposes
of
Section
2(a)(3)
of
the
Investment
Company
Act
of
1940,
as
amended,
were
as
follows:
Affiliated
Issuer
Value
at
May
31,
2026
($)
Purchases
at
Cost
($)
Proceeds
from
Sales
($)
Net
Realized
Gain
($)
Change
in
Unrealized
(Depreciation)
($)
Value
at
August
31,
2026
($)
Shares
held
at
August
31,
2026
Income
($)
ProShares
GENIUS
Money
Market
ETF
1,101,320,000
675,718,100
(650,574,948)
30,848
(144,000)
1,126,350,000
11,250,000
7,812,089
Futures
Contracts
Purchased
Bitcoin
ETF
had
the
following
open
long
futures
contracts
as
of
August
31,
2026:
Number
of
Contracts
AAAAAA
Expiration
Date
AAAAAA
Trading
Currency
AA
Notional
Amount
AAAAAA
Value
and
Unrealized
Appreciation
AAAAAA
CME
Bitcoin
3,515
9/25/2026
U.S.
Dollar
$
1,392,730,875
$
3,041,900
Coinbase
Bit
3,000
9/25/2026
U.S.
Dollar
238,140,000
403,830
$
3,445,730
Swap
Agreements
Bitcoin
ETF
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
August
31,
2026:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Appreciation
($)
70,680,844
9/30/2026
Societe
Generale
1.00%
S&P
CME
Bitcoin
Daily
Roll
Index
—
70,680,844
—
Total
Unrealized
Appreciation
—
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
August
31,
2026,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
AUGUST
31,
2026
(Unaudited)
::
COINDESK
CRYPTO
20
ETF
CONSOLIDATED
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
5
KRYP
::
Value
Other
assets
less
liabilities
—
100.0%
$
1,323,360
Net
Assets
—
100.0%
$
1,323,360
Swap
Agreements
CoinDesk
20
Crypto
ETF
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
August
31,
2026:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Appreciation
($)
1,324,978
3/31/2027
Galaxy
12.13%
CoinDesk
20
Index
271,370
1,324,978
271,370
Total
Unrealized
Appreciation
271,370
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
August
31,
2026,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
ETHER
ETF
::
AUGUST
31,
2026
(Unaudited)
CONSOLIDATED
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
6
EETH
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
47
.7
%
Repurchase
Agreements
(a)
—
47
.7
%
Repurchase
Agreements
with
various
counterparties,
rates
3.00%
-
3.66%,
dated
8/31/2026,
due
9/1/2026,
total
to
be
received
$33,178,468
(Cost
$33,175,159)
$
33,175,159
$
33,175,159
Total
Investments
—
47.7%
(Cost
$33,175,159)
33,175,159
Other
assets
less
liabilities
—
52.3%
36,447,140
Net
Assets
—
100.0%
$
69,622,299
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Affiliates
Investments
in
issuers
considered
to
be
affiliate(s)
of
the
Fund
during
the
period
ended
August
31,
2026
for
purposes
of
Section
2(a)(3)
of
the
Investment
Company
Act
of
1940,
as
amended,
were
as
follows:
Affiliated
Issuer
Value
at
May
31,
2026
($)
Purchases
at
Cost
($)
Proceeds
from
Sales
($)
Net
Realized
Loss
($)
Change
in
Unrealized
(Depreciation)
($)
Value
at
August
31,
2026
($)
Shares
held
at
August
31,
2026
Income
($)
ProShares
GENIUS
Money
Market
ETF
10,012,000
–
(10,008,824)
(176)
(3,000)
–
–
56,549
Futures
Contracts
Purchased
Ether
ETF
had
the
following
open
long
futures
contracts
as
of
August
31,
2026:
Number
of
Contracts
AAAAAA
Expiration
Date
AAAAAA
Trading
Currency
AA
Notional
Amount
AAAAAA
Value
and
Unrealized
Appreciation
AAAAAA
CME
Ether
559
9/25/2026
U.S.
Dollar
$
69,679,350
$
510,097
AUGUST
31,
2026
(Unaudited)
::
SHORT
BITCOIN
ETF
CONSOLIDATED
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
7
BITI
::
Investments
Shares
Value
Exchange
Traded
Funds
—
20
.4
%
ProShares
GENIUS
Money
Market
ETF,
3.55%(a)(b)
(Cost
$25,033,675)
250,000
$
25,030,000
Principal
Amount
Short-Term
Investments
—
51
.6
%
Repurchase
Agreements
(c)
—
51
.6
%
Repurchase
Agreements
with
various
counterparties,
rates
3.00%
-
3.66%,
dated
8/31/2026,
due
9/1/2026,
total
to
be
received
$63,203,939
(Cost
$63,197,632)
$
63,197,632
63,197,632
Total
Investments
—
72.0%
(Cost
$88,231,307)
88,227,632
Other
assets
less
liabilities
—
28.0%
34,352,143
Net
Assets
—
100.0%
$
122,579,775
(a)
Affiliated
company
as
defined
under
the
Investment
Company
Act
of
1940.
(b)
Represents
7-day
effective
yield
as
of
August
31,
2026.
(c)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Affiliates
Investments
in
issuers
considered
to
be
affiliate(s)
of
the
Fund
during
the
period
ended
August
31,
2026
for
purposes
of
Section
2(a)(3)
of
the
Investment
Company
Act
of
1940,
as
amended,
were
as
follows:
Affiliated
Issuer
Value
at
May
31,
2026
($)
Purchases
at
Cost
($)
Proceeds
from
Sales
($)
Net
Realized
Loss
($)
Change
in
Unrealized
Appreciation
($)
Value
at
August
31,
2026
($)
Shares
held
at
August
31,
2026
Income
($)
ProShares
GENIUS
Money
Market
ETF
50,060,000
–
(25,022,060)
(11,615)
3,675
25,030,000
250,000
368,112
Futures
Contracts
Sold
Short
Bitcoin
ETF
had
the
following
open
short
futures
contracts
as
of
August
31,
2026:
Number
of
Contracts
A
Expiration
Date
A
Trading
Currency
A
Notional
Amount
A
Value
and
Unrealized
Depreciation
A
CME
Bitcoin
302
9/25/2026
U.S.
Dollar
$
119,659,950
$
(
658,054
)
SHORT
ETHER
ETF
::
AUGUST
31,
2026
(Unaudited)
CONSOLIDATED
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
8
SETH
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
58
.0
%
Repurchase
Agreements
(a)
—
58
.0
%
Repurchase
Agreements
with
various
counterparties,
rates
3.00%
-
3.66%,
dated
8/31/2026,
due
9/1/2026,
total
to
be
received
$6,756,480
(Cost
$6,755,806)
$
6,755,806
$
6,755,806
Total
Investments
—
58.0%
(Cost
$6,755,806)
6,755,806
Other
assets
less
liabilities
—
42.0%
4,887,862
Net
Assets
—
100.0%
$
11,643,668
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Futures
Contracts
Sold
Short
Ether
ETF
had
the
following
open
short
futures
contracts
as
of
August
31,
2026:
Number
of
Contracts
A
Expiration
Date
A
Trading
Currency
A
Notional
Amount
A
Value
and
Unrealized
Appreciation
A
CME
Ether
93
9/25/2026
U.S.
Dollar
$
11,592,450
$
64,357
AUGUST
31,
2026
(Unaudited)
::
ULTRA
BITCOIN
ETF
CONSOLIDATED
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
9
BITU
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
3
.8
%
Repurchase
Agreements
(a)
—
3
.8
%
Repurchase
Agreements
with
various
counterparties,
rates
3.00%
-
3.66%,
dated
8/31/2026,
due
9/1/2026,
total
to
be
received
$19,684,749
(Cost
$19,682,786)
$
19,682,786
$
19,682,786
Total
Investments
—
3.8%
(Cost
$19,682,786)
19,682,786
Other
assets
less
liabilities
—
96.2%
494,650,661
Net
Assets
—
100.0%
$
514,333,447
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Affiliates
Investments
in
issuers
considered
to
be
affiliate(s)
of
the
Fund
during
the
period
ended
August
31,
2026
for
purposes
of
Section
2(a)(3)
of
the
Investment
Company
Act
of
1940,
as
amended,
were
as
follows:
Affiliated
Issuer
Value
at
May
31,
2026
($)
Purchases
at
Cost
($)
Proceeds
from
Sales
($)
Net
Realized
Gain
($)
Change
in
Unrealized
(Depreciation)
($)
Value
at
August
31,
2026
($)
Shares
held
at
August
31,
2026
Income
($)
ProShares
GENIUS
Money
Market
ETF
20,024,000
–
(20,017,648)
9,648
(16,000)
–
–
113,098
Futures
Contracts
Purchased
Ultra
Bitcoin
ETF
had
the
following
open
long
futures
contracts
as
of
August
31,
2026:
Number
of
Contracts
AAAAAA
Expiration
Date
AAAAAA
Trading
Currency
AA
Notional
Amount
AAAAAA
Value
and
Unrealized
Appreciation
AAAAAA
CME
Bitcoin
351
9/25/2026
U.S.
Dollar
$
139,074,975
$
518,997
Swap
Agreements
Ultra
Bitcoin
ETF
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
August
31,
2026:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Appreciation
($)
207,932,328
9/21/2026
Barclays
Bank
PLC
7.88%
iShares
Bitcoin
Trust
26,942,937
87,884,676
2/8/2027
Cantor
Fitzgerald
12.13%
Fidelity
Wise
Origin
Bitcoin
14,645,620
165,783,098
11/6/2026
Citibank
NA
6.63%
Fidelity
Wise
Origin
Bitcoin
20,839,633
124,498,461
12/7/2026
Goldman
Sachs
International
6.63%
iShares
Bitcoin
Trust
28,708,818
154,865,574
2/8/2027
J.P.
Morgan
Securities,
LLC
7.63%
iShares
Bitcoin
Trust
27,290,461
83,466,878
11/6/2026
Marex
8.63%
iShares
Bitcoin
Trust
8,137,240
67,826,526
2/8/2027
Nomura
Global
Financial
Products
Inc.
11.13%
iShares
Bitcoin
Trust
15,251,933
892,257,541
141,816,642
Total
Unrealized
Appreciation
141,816,642
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
August
31,
2026,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
ULTRA
ETHER
ETF
::
AUGUST
31,
2026
(Unaudited)
CONSOLIDATED
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
10
ETHT
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
15
.5
%
Repurchase
Agreements
(a)
—
15
.5
%
Repurchase
Agreements
with
various
counterparties,
rates
3.00%
-
3.66%,
dated
8/31/2026,
due
9/1/2026,
total
to
be
received
$40,565,241
(Cost
$40,561,193)
$
40,561,193
$
40,561,193
Total
Investments
—
15.5%
(Cost
$40,561,193)
40,561,193
Other
assets
less
liabilities
—
84.5%
221,055,072
Net
Assets
—
100.0%
$
261,616,265
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Futures
Contracts
Purchased
Ultra
Ether
ETF
had
the
following
open
long
futures
contracts
as
of
August
31,
2026:
Number
of
Contracts
AAAAAA
Expiration
Date
AAAAAA
Trading
Currency
AA
Notional
Amount
AAAAAA
Value
and
Unrealized
Appreciation
AAAAAA
CME
Ether
640
9/25/2026
U.S.
Dollar
$
79,776,000
$
225,107
Swap
Agreements
Ultra
Ether
ETF
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
August
31,
2026:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Appreciation
/
(Depreciation)
($)
135,217,387
2/8/2027
Goldman
Sachs
International
8.13%
iShares
Ethereum
Trust
40,691,631
224,048,804
2/8/2027
Marex
8.63%
iShares
Ethereum
Trust
(
126,822
)
83,337,864
3/31/2027
Nomura
Global
Financial
Products
Inc.
18.63%
iShares
Ethereum
Trust
(
841,663
)
442,604,055
39,723,146
Total
Unrealized
Appreciation
40,691,631
Total
Unrealized
Depreciation
(
968,485
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
August
31,
2026,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
AUGUST
31,
2026
(Unaudited)
::
ULTRA
SOLANA
ETF
CONSOLIDATED
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
11
SLON
::
Value
Other
assets
less
liabilities
—
100.0%
$
25,173,574
Net
Assets
—
100.0%
$
25,173,574
Futures
Contracts
Purchased
Ultra
Solana
ETF
had
the
following
open
long
futures
contracts
as
of
August
31,
2026:
Number
of
Contracts
AAAAAA
Expiration
Date
AAAAAA
Trading
Currency
AA
Notional
Amount
AAAAAA
Value
and
Unrealized
Appreciation
AAAAAA
CME
Solana
728
9/25/2026
U.S.
Dollar
$
37,819,600
$
1,677,027
Coinbase
Solana
1,200
9/25/2026
U.S.
Dollar
12,483,600
1,466,154
$
3,143,181
ULTRA
XRP
ETF
::
AUGUST
31,
2026
(Unaudited)
CONSOLIDATED
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
12
UXRP
::
Value
Other
assets
less
liabilities
—
100.0%
$
49,061,964
Net
Assets
—
100.0%
$
49,061,964
Futures
Contracts
Purchased
Ultra
XRP
ETF
had
the
following
open
long
futures
contracts
as
of
August
31,
2026:
Number
of
Contracts
AAAAAA
Expiration
Date
AAAAAA
Trading
Currency
AA
Notional
Amount
AAAAAA
Value
and
Unrealized
Appreciation
/
(Depreciation)
AAAAAA
CME
XRP
1,042
9/25/2026
U.S.
Dollar
$
72,835,800
$
(
3,633,559
)
Coinbase
XRP
1,800
9/25/2026
U.S.
Dollar
25,237,800
257,901
$
(
3,375,658
)
AUGUST
31,
2026
(Unaudited)
::
ULTRASHORT
BITCOIN
ETF
CONSOLIDATED
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
13
SBIT
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
21
.7
%
Repurchase
Agreements
(a)
—
21
.7
%
Repurchase
Agreements
with
various
counterparties,
rates
3.00%
-
3.66%,
dated
8/31/2026,
due
9/1/2026,
total
to
be
received
$33,183,236
(Cost
$33,179,926)
$
33,179,926
$
33,179,926
Total
Investments
—
21.7%
(Cost
$33,179,926)
33,179,926
Other
assets
less
liabilities
—
78.3%
119,436,966
Net
Assets
—
100.0%
$
152,616,892
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Futures
Contracts
Sold
UltraShort
Bitcoin
ETF
had
the
following
open
short
futures
contracts
as
of
August
31,
2026:
Number
of
Contracts
A
Expiration
Date
A
Trading
Currency
A
Notional
Amount
A
Value
and
Unrealized
Depreciation
A
CME
Bitcoin
112
9/25/2026
U.S.
Dollar
$
44,377,200
$
(
628,975
)
Swap
Agreements
UltraShort
Bitcoin
ETF
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
August
31,
2026:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Appreciation
/
(Depreciation)
($)
(119,854,970)
9/21/2026
Barclays
Bank
PLC
(6.88)%
iShares
Bitcoin
Trust
(
18,407,964
)
(44,439,520)
2/8/2027
Citibank
NA
1.37%
Fidelity
Wise
Origin
Bitcoin
(
44,215
)
(38,489,236)
2/8/2027
Goldman
Sachs
International
(3.63)%
iShares
Bitcoin
Trust
3,274,016
(42,941,092)
2/8/2027
Marex
1.37%
iShares
Bitcoin
Trust
(
60,562
)
(12,944,339)
2/8/2027
Nomura
Global
Financial
Products
Inc.
(1.63)%
iShares
Bitcoin
Trust
2,605,755
(258,669,157)
(
12,632,970
)
Total
Unrealized
Appreciation
5,879,771
Total
Unrealized
Depreciation
(
18,512,741
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
August
31,
2026,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
ULTRASHORT
ETHER
ETF
::
AUGUST
31,
2026
(Unaudited)
CONSOLIDATED
SCHEDULE
OF
PORTFOLIO
INVESTMENTS
PROSHARES
TRUST
14
ETHD
::
Investments
Principal
Amount
Value
Short-Term
Investments
—
23
.5
%
Repurchase
Agreements
(a)
—
23
.5
%
Repurchase
Agreements
with
various
counterparties,
rates
3.00%
-
3.66%,
dated
8/31/2026,
due
9/1/2026,
total
to
be
received
$12,480,742
(Cost
$12,479,498)
$
12,479,498
$
12,479,498
Total
Investments
—
23.5%
(Cost
$12,479,498)
12,479,498
Other
assets
less
liabilities
—
76.5%
40,637,218
Net
Assets
—
100.0%
$
53,116,716
(a)
The
Fund
invests
in
Repurchase
Agreements
jointly
with
other
funds
in
the
Trust.
See
"Repurchase
Agreements"
in
the
Notes
to
Schedules
of
Portfolio
Investments
to
view
the
details
of
each
individual
agreement
and
counterparty
as
well
as
a
description
of
the
securities
subject
to
repurchase.
Futures
Contracts
Sold
UltraShort
Ether
ETF
had
the
following
open
short
futures
contracts
as
of
August
31,
2026:
Number
of
Contracts
A
Expiration
Date
A
Trading
Currency
A
Notional
Amount
A
Value
and
Unrealized
Depreciation
A
CME
Ether
199
9/25/2026
U.S.
Dollar
$
24,805,350
$
(
334,303
)
Swap
Agreements
UltraShort
Ether
ETF
had
the
following
open
non-exchange
traded
total
return
swap
agreements
as
of
August
31,
2026:
Notional
Amount  
($)
Termination
Date
a
Counterparty
Rate
Paid
(Received)
b
Reference
Instrument
Value
and
Unrealized
Appreciation
/
(Depreciation)
($)
(20,523,447)
3/31/2027
Goldman
Sachs
International
(3.63)%
iShares
Ethereum
Trust
(
1,853,581
)
(40,196,427)
2/8/2027
Marex
1.37%
iShares
Ethereum
Trust
(
230,593
)
(17,858,861)
2/8/2027
Nomura
Global
Financial
Products
Inc.
1.37%
iShares
Ethereum
Trust
140,360
(78,578,735)
(
1,943,814
)
Total
Unrealized
Appreciation
140,360
Total
Unrealized
Depreciation
(
2,084,174
)
a
Agreements
may
be
terminated
at
will
by
either
party
without
penalty.
Payment
is
due
at
termination/maturity.
b
Reflects
the
floating
financing
rate,
as
of
August
31,
2026,
on
the
notional
amount
of
the
swap
agreement
paid
to
the
counterparty
or
received
from
the
counterparty,
excluding
any
commissions.
This
amount
is
included
as
part
of
the
unrealized
appreciation/(depreciation).
NOTES
TO
CONSOLIDATED
SCHEDULES
OF
PORTFOLIO
INVESTMENTS
::
AUGUST
31,
2026
(Unaudited)
::
15
PROSHARES
TRUST
Repurchase
Agreements 
Each
of
the
Funds
may
enter
into
repurchase
agreements.
Repurchase
agreements
are
primarily
used
by
the
Funds
as
short-term
investments
for
cash
positions.
Under
a
repurchase
agreement,
a
Fund
purchases
one
or
more
debt
securities
and
simultaneously
agrees
to
sell
those
securities
back
to
the
seller
at
a
mutually
agreed-upon
future
price
and
date,
normally
one
day
or
a
few
days
later.
The
resale
price
is
greater
than
the
purchase
price,
reflecting
an
agreed-upon
market
interest
rate
during
the
purchaser’s
holding
period.
While
the
maturities
of
the
underlying
securities
in
repurchase
transactions
may
be
more
than
one
year,
the
term
of
each
repurchase
agreement
will
always
be
less
than
one
year.
The
Funds
follow
certain
procedures
designed
to
minimize
the
risks
inherent
in
such
agreements.
These
procedures
include
effecting
repurchase
transactions
generally
with
major
global
financial
institutions
whose
creditworthiness
is
monitored
by
the
Advisor.
In
addition,
the
value
of
the
collateral
underlying
the
repurchase
agreement
is
required
to
be
at
least
equal
to
the
repurchase
price,
including
any
accrued
interest
income
earned
on
the
repurchase
agreement.
The
Funds
may
invest
in
repurchase
agreements
through
joint
account
arrangements;
in
such
cases,
each
Fund
holds
a
pro
rata
share
of
the
collateral
and
interest
income
based
upon
the
dollar
amount
of
the
repurchase
agreements
entered
into
by
each
Fund.
The
collateral
underlying
the
repurchase
agreement
is
held
by
the
Fund’s
custodian.
A
repurchase
agreement
is
subject
to
the
risk
that
the
counterparty
to
the
repurchase
agreement
that
sells
the
securities
may
default
on
its
obligation
to
repurchase
them.
In
this
circumstance,
a
Fund
may
lose
money
because
it
may
not
be
able
to
sell
the
securities
at
the
agreed
upon
time
and
price,
the
securities
may
lose
value
before
they
can
be
sold,
the
selling
institution
may
declare
bankruptcy
or
the
Fund
may
have
difficulty
exercising
rights
to
the
collateral.
During
periods
of
high
demand
for
repurchase
agreements,
the
Funds
may
be
unable
to
invest
available
cash
in
these
instruments
to
the
extent
desired
by
the
Advisor. Repurchase
agreements
usually
are
for
short
periods,
such
as
one
week
or
less,
but
may
be
longer.
It
is
the
current
policy
of
each
Fund
not
to
invest
in
repurchase
agreements
that
do
not
mature
within
seven
days
if
any
such
investment,
together
with
any
other
illiquid
assets
held
by
the
Fund,
amounts
to
more
than
15%
of
the
Fund’s
total
net
assets.
The
investments
of
each
Fund
in
repurchase
agreements
at
times
may
be
substantial
when,
in
the
view
of
the
Advisor,
liquidity,
investment,
regulatory,
or
other
considerations
so
warrant.
On
August
31,
2026,
the
Funds
had
an
undivided interest
in
joint
repurchase
agreements
with
the
following
counterparties,
for
the
time
periods
and
rates
indicated.
Amounts
shown
in
the
table
below
represent
Principal
Amount,
Cost
and
Value
for
each
respective
repurchase
agreement. 
Fund
Name
Bank
of
America
Securities,
Inc.,
3.66%,
dated
8/31/2026
due
9/1/2026
(a)
Barclays
Capital,
Inc.,
3.55%,
dated
8/31/2026
due
9/1/2026
(b)
BNP
Paribas
Securities
Corp.,
3.00%,
dated
8/31/2026
due
9/1/2026
(c)
BNP
Paribas
Securities
Corp.,
3.66%,
dated
8/31/2026
due
9/1/2026
(d)
CF
Secured
LLC,
3.65%,
dated
8/31/2026
due
9/1/2026
(e)
Total
Bitcoin
&
Ether
Equal
Weight
ETF
...............................
$
1,252,928
$
250,586
$
400,937
$
751,757
$
1,884,326
$
4,540,534
Bitcoin
&
Ether
Market
Cap
Weight
ETF
...........................
1,827,885
365,577
584,923
1,096,731
2,749,025
6,624,141
Bitcoin
ETF
...........................................
7,142,020
1,428,404
2,285,445
4,285,212
10,741,149
25,882,230
Ether
ETF
............................................
9,154,452
1,830,890
2,929,426
5,492,671
13,767,720
33,175,159
Short
Bitcoin
ETF
........................................
17,438,943
3,487,789
5,580,461
10,463,366
26,227,073
63,197,632
Short
Ether
ETF
........................................
1,864,217
372,843
596,550
1,118,530
2,803,666
6,755,806
Ultra
Bitcoin
ETF
........................................
5,431,327
1,086,265
1,738,025
3,258,796
8,168,373
19,682,786
Ultra
Ether
ETF
.........................................
11,192,577
2,238,515
3,581,625
6,715,546
16,832,930
40,561,193
UltraShort
Bitcoin
ETF
.....................................
9,155,768
1,831,154
2,929,845
5,493,461
13,769,698
33,179,926
UltraShort
Ether
ETF
......................................
3,443,630
688,726
1,101,961
2,066,178
5,179,003
12,479,498
$
67,903,747
$
13,580,749
$
21,729,198
$
40,742,248
$
102,122,963
$
246,078,905
Each
Repurchase
Agreement
was
fully
collateralized
by
U.S.
government
and/or
agency
securities
at
August
31,
2026
as
follows:
(a)
U.S.
Treasury
Bonds,
0%
to
2.38%,
due
2/15/2039
to
2/15/2056;
U.S.
Treasury
Notes,
1.13%
to
4.13%,
due
10/15/2030
to
11/30/2031,
which
had
an
aggregate
value
at
the
Trust
level
of
$510,000,002.
(b)
U.S.
Treasury
Notes,
3.88%,
due
8/15/2033,
which
had
an
aggregate
value
at
the
Trust
level
of
$102,000,042.
(c)
U.S.
Treasury
Bonds,
0%,
due
2/15/2027;
U.S.
Treasury
Notes,
1.63%
to
4.38%,
due
10/15/2027
to
8/31/2031,
which
had
an
aggregate
value
at
the
Trust
level
of
$163,200,021.
(d)
U.S.
Treasury
Bonds,
0%
to
3.38%,
due
1/15/2028
to
8/15/2054;
U.S.
Treasury
Notes,
0.13%
to
4.63%,
due
7/31/2027
to
1/15/2035,
which
had
an
aggregate
value
at
the
Trust
level
of
$306,000,052.
(e)
U.S.
Treasury
Bills,
0%,
due
9/1/2026
to
8/5/2027;
U.S.
Treasury
Bonds,
0%
to
6.25%,
due
9/30/2026
to
8/15/2056;
U.S.
Treasury
Notes,
0.13%
to
4.88%,
due
9/30/2026
to
7/15/2036,
which
had
an
aggregate
value
at
the
Trust
level
of
$767,085,905.