Company: OSOL
Filing Date: 2025-10-22
Form Type: S-1
Source: 0001493152-25-018952
Chunk: 104

Company: Osprey Solana Trust
Filing Date: 2025-10-22
Form: S-1
Chunk 104
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 Statutory Trust on June 8, 2021. The investment objective of the Trust is for the value of the Shares (based on SOL per Share) to reflect the value of SOL held by the Trust, determined by reference to the Index, less the Trust’s expenses and other liabilities. Each share represents a fractional undivided beneficial interest in the net assets of the Trust. The assets of the Trust consist primarily of the SOL held by the SOL Custodian on behalf of the Trust.

As a passive investment vehicle, the Trust does not seek to generate returns beyond tracking the performance of SOL. There can be no assurance that the Trust will be able to achieve its investment objective. The Trust will not utilize leverage, derivatives or any similar arrangements in seeking to meet its investment objective.

From the date of this prospectus, the Trust intends to issue Shares on an ongoing basis and the Shares will be listed and traded on CBOE under the ticker “[OSOL].” The Shares will be distributed to Authorized Participants who will be able to take advantage of arbitrage opportunities to keep the value of the Shares closely in line with the Index. Immediately prior to listing on the Listing Exchange, the Sponsor expects the market price of the Shares and the NAV per Share to converge, thus closing the current discount to NAV per Share. Subsequent to the first day of trading, the Sponsor expects there to be a net creation of Shares if the Shares trade at a premium to NAV per Share and a net redemption of Shares if the Shares trade at a discount to NAV per Share, representing the effective functioning of the arbitrage mechanism. Thereafter, it is expected that the Shares will be sold to the public at varying prices to be determined by reference to, among other factors, the price of SOL represented by each Share and the trading price of the Shares on CBOE at the time of each sale. Market prices for the Shares may be different from the NAV at any given time. The number of SOL represented by a Share will decline each time the Trust pays the Management Fee or any Extraordinary other expenses by transferring or selling SOL.

The Trust is governed by the provisions of the Trust Agreement, dated as of June 1, 2022, by the Sponsor and the Trustee, as amended on [ ].

The Trust issues and redeems Shares only in Baskets of 10,000 or integral multiples thereof, based on the quantity of SOL attributable to each Share (net of any accrued but unpaid Management Fees, expenses and liabilities). Baskets may be redeemed by