v3.26.1
Fair Value of SOL (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Changes in Quantity of SOL and Respective Fair Value

The following represents the changes in quantity of SOL and the respective fair value:

(Amounts in thousands, except SOL amounts)

 

Quantity

 

 

Fair Value

 

Balance at December 31, 2024

 

 

529,873.89849530

 

 

$

102,631

 

SOL contributed

 

 

5,219.03119914

 

 

 

1,218

 

SOL distributed for Sponsor’s Fee, related party

 

 

(6,580.26004144

)

 

 

(1,081

)

Net change in unrealized appreciation/depreciation on investment in SOL

 

 

-

 

 

 

(19,602

)

Net realized gain on investment in SOL to pay Sponsor's Fee

 

 

-

 

 

 

233

 

Balance at June 30, 2025

 

 

528,512.66965300

 

 

$

83,399

 

 

 

 

 

 

 

 

(Amounts in thousands, except SOL amounts)

 

Quantity

 

 

Fair Value

 

Balance at December 31, 2025

 

 

1,293,746.87210555

 

 

$

160,385

 

SOL contributed

 

 

299,960.53052250

 

 

 

30,875

 

SOL redeemed

 

 

(251,897.96491120

)

 

 

(23,800

)

SOL Staking Reward income

 

 

40,849.93047599

 

 

 

3,779

 

SOL distributed for Sponsor’s Fee, related party

 

 

(1,766.23450023

)

 

 

(146

)

SOL distributed for Sponsor's Staking Fee, related party

 

 

(7,118.97149338

)

 

 

(623

)

Net change in unrealized appreciation/depreciation on investment in SOL

 

 

-

 

 

 

(58,990

)

Net change in unrealized appreciation/depreciation on Staking Reward Receivable in SOL

 

 

-

 

 

 

5

 

Net change in unrealized appreciation/depreciation on Sponsor Staking Fee Payable in SOL

 

 

-

 

 

 

(25

)

Net realized loss on investment in SOL sold to pay Sponsor's Staking Fee

 

 

-

 

 

 

(293

)

Net realized loss on investment in SOL sold for redemption of Shares

 

 

-

 

 

 

(9,943

)

Net realized gain on investment in SOL sold to pay Sponsor's Fee

 

 

-

 

 

 

(87

)

Balance at June 30, 2026

 

 

1,373,774.16219922

 

 

$

101,137