Creations and Redemptions of Shares (Tables)

6 Months Ended

Jun. 30, 2026

Equity [Abstract]

Summary of Activity in Value of Shares Issued and Redeemed


		Three Months Ended June 30,								Six Months Ended June 30,
		2026				2025				2026				2025
Activity in Number of Shares Issued and Redeemed:
Shares issued			2,170,000				9,200				4,040,000				70,700
Shares redeemed			(1,010,000	)			-				(3,400,000	)			-
Net Change in Number of Shares Issued and Redeemed			1,160,000				9,200				640,000				70,700

Three Months Ended June 30,

Six Months Ended June 30,

(Amounts in thousands)

2026

2025

2026

2025

Activity in Value of Shares Issued and Redeemed:

Shares issued

$

13,497

$

97

$

30,875

$

1,218

Shares redeemed

(5,867

)

-

(23,800

)

-

Net Change in Value of Shares Issued and Redeemed

$

7,630

$

97

$

7,075

$

1,218

Summary of Receivable and Payable of Related Party

SOL receivable represents the value of SOL covered by contractually binding orders for the creation of Shares where the SOL has not yet been transferred to the Trust’s account. Generally, ownership of the SOL is transferred within no more than two business days of the trade date.


		As of June 30,
(Amounts in thousands)		2026				2025
SOL receivable		$	-			$	-

SOL payable represents the value of SOL covered by contractually binding orders for the redemption of Shares where the SOL has not yet been transferred out of the Trust’s account. Generally, ownership of the SOL is transferred within no more than two business days of the trade date.


		As of June 30,
(Amounts in thousands)		2026				2025
SOL payable		$	-			$	-