Financial Highlights

Per-Share Performance (for a Share outstanding throughout the periods presented)


	For the three months ended June 30, 2026*				For the six months ended June 30, 2026*
	(unaudited)				(unaudited)
Principal Market NAV per-share, beginning of period	$	11.07			$	16.37
Net investment income (loss) 1		0.15				0.35
Net realized and change in unrealized appreciation (depreciation) on investment in solana		(1.21	)	2		(6.71	)	2
Net change in net assets from operations		(1.06	)			(6.36	)
Principal Market NAV per-share, end of period	$	10.01			$	10.01

Total return, at net asset value 3		(9.58	)	%		(38.85	)	%

Ratios to average net assets
Gross expenses		0.56		%4,5,6		0.58		%4,5,6
Net expenses		0.56		%4,5,6		0.47		%4,5,6
Net investment income (loss)		5.50		%4,5		5.85		%4,5

* No comparative period information yet available as the Trust commenced operations on October 23, 2025.

Calculated using average Shares outstanding.

Because of the timing of subscriptions and redemptions in relation to fluctuating market values, the amount shown may not
agree with the change in aggregate gains and losses.

Total return is calculated based on the change in Principal Market NAV during the reporting period. An individual shareholder’s total return and ratios may vary from the above total return and ratios based on the timing of share transactions from the Trust. Total return for the period is not annualized.

Annualized.

For the three-month period starting on October 28, 2025, the day the Trust began accruing expenses, the Sponsor waived the entire Sponsor Fee on the first $1 billion of Trust assets through January 27, 2026. In addition, for the same period, the Sponsor reimbursed the Trust for all Staking Expenses incurred on the first $1 billion of Trust assets through January 27, 2026.

Gross and net expense ratios include staking fees of 0.38% for the six-month period ended June 30, 2026. The gross and net expense ratios would have been 0.20% and 0.16%, respectively, without the staking fees. For the three-months ended June 30, 2026, the gross and net expense ratios included staking fees of 0.36% for the period. The gross and net expense ratios would have been 0.18% without the staking fees.