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Fidelity Solana Fund SEC 10-Q Report
- The Fidelity Solana Fund filed its Form 10-Q for Q3 2025, detailing its operational focus and stake in SOL.
- The report notes no detailed financial metrics such as revenue or net income in this release.
- The trust pursues a single-asset strategy focused on SOL, increasing exposure to Solana-specific risks.
- A staking program aims to generate additional returns from SOL holdings.
- The fund uses a volume-weighted median price method for SOL valuation and daily NAV calculation after 4:00 p.m. EST.
- Shareholders began trading on NYSE Arca on November 18, 2025, after the fund’s registration took effect.
- The sponsor has agreed to waive certain fees for an initial period to enhance potential returns.
- Liquidity management relies on SOL sales to meet redemptions and fund expenses, rather than holding large cash balances.
- The report projects outperformance of the Index before expenses due to staking rewards.
- Operational milestones include the fund's commencement on November 17, 2025, and NYSE Arca listing on November 18, 2025.
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