default or selected kernelversion does not have config value CONFIG_KVM_TRACE.
Result is shown for kernelversion 5.3.7

KVM trace support

configname: CONFIG_KVM_TRACE

Linux Kernel Configuration
└─>Virtualization
└─>KVM trace support
In linux kernel since version 2.6.26 (release Date: 2008-07-13)  
This option allows reading a trace of kvm-related events through
relayfs. Note the ABI is not considered stable and will be
modified in future updates.

selects
CONFIG_RELAY
CONFIG_DEBUG_FS