Company: OSOL
Filing Date: 2025-10-22
Form Type: S-1
Source: 0001493152-25-018952
Chunk: 15

Company: Osprey Solana Trust
Filing Date: 2025-10-22
Form: S-1
Chunk 15
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 of the date of this prospectus, the Sponsor has engaged [●] as a Liquidity Provider. The Sponsor may engage additional Liquidity        
 Providers who are unaffiliated with the Trust in the future.                                                                            |
| Clearance      
 and Settlement |     | The                                                                                                                                     
 Shares are evidenced by one or more global certificates that the Transfer Agent issues to DTC. The Shares are primarily available       
 in book-entry form. Shareholders may hold their Shares through DTC if they are direct participants in DTC (“DTC Participants”),         
 or indirectly through entities that are DTC Participants.                                                                               |
| Risk           
 Factors        |     | Any                                                                                                                                     
 investment in the Shares involves significant risks. See “Risk Factors” for more information.                                           |

| 14 |

<div align='center'>Risk Factors</div>

You should carefully consider the following risks and all of the other information set forth in this prospectus before deciding to invest in shares of the Shares. If any of the following risks actually occurs, our business, financial condition or results of operations would likely suffer. In such case, the trading price of the Shares could decline due to any of these risks, and you may lose all or part of your investment.

Risk Factors Related to Digital Assets

The trading prices of many digital assets, including SOL, have experienced extreme volatility in recent periods and may continue to do so. Extreme volatility in the future, including declines in the trading prices of SOL, could have a material adverse effect on the value of the Shares and the Shares could lose all or substantially all of their value .

The trading prices of many digital assets, including SOL, have experienced extreme volatility throughout their existence, including in recent periods and may continue to do so. For instance, following significant increases throughout the majority of 2020, digital asset prices, including SOL, experienced significant volatility throughout 2021 and 2022. This volatility became extreme in November 2022 when FTX Trading Ltd. (“FTX”) halted customer withdrawals. See “—Risk Factors Related to the Digital Asset Markets—Recent developments in the digital asset economy have led to extreme volatility and disruption in digital asset markets, a loss of confidence in participants of the digital asset ecosystem, significant negative publicity surrounding digital assets broadly and market-wide declines in liquidity.” Digital asset prices, including SOL, have continued to fluctuate widely through the date of this prospectus.

Extreme volatility in the future, including declines in the trading prices of SOL, could have a material adverse effect on the value of the Shares and the Shares