Company: OSOL
Filing Date: 2025-10-22
Form Type: S-1
Source: 0001493152-25-018952
Chunk: 115

Company: Osprey Solana Trust
Filing Date: 2025-10-22
Form: S-1
Chunk 115
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 cryptocurrency base asset against the corresponding quote asset, including markets where the quote asset is made fungible with Accepted Assets (the “Relevant Pair”) and makes trade data and order data available through an Automatic Programming Interface (“API”) with sufficient reliability, detail and timeliness. The CME CF Oversight Committee considers a trading venue to offer sufficiently reliable, detailed and timely trade data and order data through an API when: (i) the API for the “Constituent Platform” does not fall or become unavailable to a degree that impacts the integrity of the Index given the frequency of calculation; (ii) the data published is at the resolution required so that the benchmark can be calculated, with the frequency and dissemination precision required; and (iii) the data is broadcast and available for retrieval at the required frequency (and not negatively impacted by latency) to allow the methodologies to be applied as intended.

Furthermore, it must, in the opinion of the CME CF Oversight Committee, fulfill the following criteria:

| 1. | The                                                                                                                                  
 venue’s Relevant Pair spot trading volume for an index must meet the minimum thresholds as detailed below for it to be admitted      
 as a Constituent Platform: the average daily volume the venue would have contributed during the observation window for the Reference 
 Rate of the Relevant Pair exceeds 3% for two consecutive calendar quarters.                                                          |

| 2. | The                                                                                                                                
 venue has policies to ensure fair and transparent market conditions at all times and has processes in place to identify and impede 
 illegal, unfair or manipulative trading practices.                                                                                 |

| 3. | The                                                                                                                                  
 venue does not impose undue barriers to entry or restrictions on market participants, and utilizing the venue does not expose market 
 participants to undue credit risk, operational risk, legal risk or other risks.                                                      |

| 4. | The                                                                                                                                 
 venue complies with applicable laws and regulations, including, but not limited to, capital markets regulations, money-transmission 
 regulations, client money custody regulations, and KYC and AML regulations.                                                         |

| 5. | The                                                                                                                                       
 venue cooperates with inquiries and investigations of regulators and the Trust Administrator upon request and must execute data-sharing   
 agreements with CME Group. Once admitted, a Constituent Platform must demonstrate that it continues to fulfill criteria 2 to 5 inclusive. 
 Should the average daily contribution of a Constituent Platform fall below 3% for any Reference Rate, then the continued inclusion        
 of the venue as a Constituent Platform to the Relevant Pair shall be assessed by the