Volatility Shares Trust – Chainlink ETF is a U.S.-domiciled exchange-traded fund, managed by Volatility Shares LLC, that seeks to provide investment results, before fees and expenses, corresponding generally to the performance of LINK, the native digital asset of the Chainlink blockchain platform. The Fund provides exchange-traded exposure to LINK through derivative financial instruments and other pooled investment vehicles that reference LINK, rather than through direct investment in spot LINK; its investment strategy may include LINK-linked futures, swaps and other derivative or pooled structures. LINK supports the Chainlink Network, a decentralized oracle network designed to connect smart contracts with real-world data, application programming interfaces and off-chain systems. The Fund targets investors seeking digital-asset exposure through a listed fund structure and is subject to the substantial price volatility and loss risks associated with LINK and related derivative instruments. Chainlink ETF trades under the ticker CHNL and is part of the Volatility Shares Trust fund family. Launched in 2026, the Fund represents Volatility Shares’ expansion into alternative-cryptocurrency exchange-traded products, alongside the simultaneous introduction of non-leveraged and leveraged ETFs linked to Chainlink, Cardano and Stellar; CHNL began trading on April 1, 2026.