Osprey Solana Trust is a Delaware statutory trust that holds SOL, the native cryptocurrency of the Solana Network, on behalf of investors. The Trust's sole purpose is to provide investors with exposure to SOL's price without requiring them to directly buy, store, or secure the cryptocurrency. Each share represents a fractional ownership interest in the Trust's SOL holdings, and the Trust's shares trade on OTC Markets under the ticker OSOL, with a pending listing on Cboe BZX Exchange. The Trust is managed by its sponsor, Osprey Funds, which charges a management fee of 2.5% per annum on the Trust's NAV, accrued daily and paid monthly by liquidating a portion of the Trust's SOL holdings. The Trust also stakes substantially all of its SOL through a third-party validator, GlobalStake, generating staking rewards that flow entirely to the Sponsor rather than to shareholders. New shares are created and redeemed only in large blocks of 10,000 shares through Authorized Participants, with an arbitrage mechanism designed to keep the share price near NAV. The Trust targets institutional and retail investors who want SOL exposure through a standard brokerage account rather than through a crypto exchange. The 2.5% annual management fee is well above that of newer competing spot crypto ETPs and represents a meaningful drag on returns. SOL's regulatory status remains uncertain, as it has been identified by regulators as a potential security, which poses a material risk to the Trust's viability.