Company: OSOL
Filing Date: 2025-10-22
Form Type: S-1
Source: 0001493152-25-018952
Chunk: 209

Company: Osprey Solana Trust
Filing Date: 2025-10-22
Form: S-1
Chunk 209
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79 | %  |
| Net                                                                 
 investment loss                                                     |     |   |                   (2.68 | )% |     |   |                   (2.99 | )% |

| (1) |     | Shares have                                                                                                                             
 been adjusted retroactively to reflect the 15:1 stock split effective June 5, 2024 and the 1:20 reverse stock split effective March 24, 
 2023. See Note 2.                                                                                                                       |

An individual Shareholder’s return, ratios, and per Share performance may vary from those presented above based on the timing of Share transactions.

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the year and assuming redemption on the last day of the year.

| 9. | Subsequent 
 Events     |

On October 22, 2025, the Sponsor filed with the SEC a registration statement on Form S-1 (the “Form S-1”) to register the Shares of the Trust under the Securities Act of 1933.

There are no other events that have occurred through October 22, 2025, the date the financial statements were available to be issued, that require disclosure other than that which has already been disclosed in these notes to the financial statements.

| F-14 |

Osprey Solana Trust

Statements of Assets and Liabilities

June 30, 2025 (unaudited) and December 31, 2024

(Amounts in U.S. dollars, except shares issued and outstanding)

|                                                                                                                                        |     |            |       June 
   30, 2025 |   |     |   |   December 
   31, 2024 |   |
|:---------------------------------------------------------------------------------------------------------------------------------------|:----|:-----------|-----------:|:--|:----|:--|-----------:|:--|
|                                                                                                                                        |     | -Unaudited |            |   |     |   |            |   |
| Assets                                                                                                                                 |     |            |            |   |     |   |            |   |
| Investment                                                                                                                             
 in SOL, at fair value (cost $25,813,883 and $25,926,578, respectively), including $29,309,061 and $38,824,984 staked SOL, respectively |     | $          | 31,702,130 |   |     | $ | 38,919,454 |   |
| Investment in SOL, at fair