Company: OSOL
Filing Date: 2025-10-22
Form Type: S-1
Source: 0001493152-25-018952
Chunk: 195

Company: Osprey Solana Trust
Filing Date: 2025-10-22
Form: S-1
Chunk 195
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 the results of its operations for each of the years in the two-year period ended December 31, 2024, in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility of the Trust’s management. Our responsibility is to express an opinion on the Trust’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Trust in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Trust is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Trust’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

/s/ Cherry Bekaert LLP

We have served as the Trust’s auditor since 2022.

Fort Lauderdale, Florida

October 22, 2025

| F-1 |

Osprey Solana Trust

Statements of Assets and Liabilities

December 31, 2024 and December 31, 2023

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

|                                                                                                                                        |     |   |   December 
   31, 2024 |   |     |   |   December 
   31, 2023 |    |
|:---------------------------------------------------------------------------------------------------------------------------------------|:----|:--|-----------:|:--|:----|:--|-----------:|---:|
| Assets                                                                                                                                 |     |   |