Company: OSOL
Filing Date: 2025-10-22
Form Type: S-1
Source: 0001493152-25-018952
Chunk: 188

Company: Osprey Solana Trust
Filing Date: 2025-10-22
Form: S-1
Chunk 188
---
 Consumer Financial Protection Bureau.

“ CFTC”—The U.S. Commodity Futures Trading Commission.

“ CEA”—Commodity Exchange Act of 1936, as amended.

| 103 |

“ CME Solana Real Time Price” or “ SRTI”—a continuous measure of the U.S. dollar price of one Solana calculated once per second.

“ Code”—The U.S. Internal Revenue Code of 1986, as amended.

“ Coinbase Credit”—Coinbase Credit, Inc.

“ Coinbase Global” —The parent of the Bitcoin Custodian.

“ Coinbase Insureds” —Coinbase Global and its subsidiaries.

“ Constituent Platforms” —The major SOL trading platforms that serve as the pricing sources for the calculation of CME CF Solana-Dollar Reference Rate - New York Variant.

“ Covered Person”—Osprey Funds, LLC and its affiliates

“ Custodian Agreement” —Custodial Services Agreement, dated as [•], between Osprey Solana Trust and Coinbase Custody Trust Company, LLC.

“ Custodial Entities”—The Prime Broker, together with the SOL Custodian and Cash Custodian.

“ Custodians” —The Cash Custodian and SOL Custodian, collectively.

“ Custodians’ Fee” —The fees payable to the Custodians.

“ DSTA”—The Delaware Statutory Trust Act, as amended.

“ DTC”—The Depository Trust Company.

“ DTC Participant” —An entity that has an account with DTC.

“ ERISA”—The U.S. Employee Retirement Income Security Act of 1974, as amended.

“ ET”—Eastern Time Zone.

“ Ether”—Ethereum tokens, which are a type of digital asset based on an open source cryptographic protocol existing on the Ethereum Network, comprising units that constitute the assets underlying the Trust’s Shares.

“ Ethereum Network”—The online, end-user-to-end-user network hosting the public transaction ledger, known as the Ethereum Blockchain, and the source code comprising the basis for the cryptographic and algorithmic protocols governing the Ethereum Network.

“ ETF” —Exchange traded fund.

“ ETP” —Exchange traded product.

“ Event of Withdrawal”—The withdrawal, removal, adjudication or admission of bankruptcy or insolvency of the Sponsor, or an event of withdrawal.

“ Exchange Act”—The Securities Exchange Act of 1934, as amended.

“ Extraordinary Expenses”— Expenses not assumed by the Sponsor, which may include, but are not limited to, taxes and governmental charges, expenses and costs, expenses