Company: OSOL
Filing Date: 2025-10-22
Form Type: S-1
Source: 0001493152-25-018952
Chunk: 47

Company: Osprey Solana Trust
Filing Date: 2025-10-22
Form: S-1
Chunk 47
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 to serve in such capacity in a timely manner or at all. If the Sponsor decides, or is required, to replace an Authorized Participant and/or if the Sponsor decides, or is required, to replace a Liquidity Provider, this could negatively impact the Trust’s ability to create new Shares, which would impact the Shares’ liquidity and could have a negative impact on the value of the Shares.

The amount of the Trust’s assets represented by each Share will decline over time as the Trust pays the Sponsor’s Fee and Extraordinary Expenses, and as a result, the value of the Shares may decrease over time.

The Sponsor’s Fee accrues daily in U.S. dollars at an annual rate based on the NAV of the Trust, and is paid to the Sponsor in U.S. Dollars only. See “Business of the Trust—Expenses; Sales of SOL—Disposition of SOL” and “Business of the Trust—Expenses; Sales of SOL—Hypothetical Expense Example.” As a result, the amount of Trust’s assets represented by each Share declines as the Trust pays the Sponsor’s Fee (or sells SOL in order to raise cash to pay any Extraordinary Expenses), which may cause the Shares to decrease in value over time or dampen any increase in value.

The value of the Shares may be influenced by a variety of factors unrelated to the value of SOL.

The value of the Shares may be influenced by a variety of factors unrelated to the price of SOL and the digital asset trading platforms included in the Index that may have an adverse effect on the value of the Shares. These factors include the following factors:

| ● | Unanticipated                                                                                                                           
 problems or issues with respect to the mechanics of the Trust’s operations and the trading of the Shares may arise, in particular       
 due to the fact that the mechanisms and procedures governing the creation and offering of the Shares and storage of SOL have been       
 developed specifically for this product;                                                                                                |
| ● | The                                                                                                                                     
 Trust could experience difficulties in operating and maintaining its technical infrastructure, including in connection with expansions  
 or updates to such infrastructure, which are likely to be complex and could lead to unanticipated delays, unforeseen expenses and       
 security vulnerabilities;                                                                                                               |
| ● | The                                                                                                                                     
 Trust could experience unforeseen issues relating to the performance and effectiveness of the security procedures used to protect       
 the Vault Balance, or the security procedures may not protect against all errors, software flaws or other vulnerabilities in the        
 Trust’s technical infrastructure, which could result in theft, loss or damage of its assets; or