Fidelity Solana Fund filed its quarterly report on Form 10-Q with the SEC on November 13, 2026, covering the period ended September 30, 2026, disclosing financial statements for the fund's investment in solana.

Key Highlights

  • Total Net Assets: The fund reported total net assets of $243,877 thousand as of September 30, 2026, up from $113,949 thousand at December 31, 2025.
  • Net Asset Value Per Share: NAV per share was $13.98 as of September 30, 2026, compared to $14.66 at December 31, 2025, according to the filing.
  • Shares Outstanding: 17,450,000 shares were issued and outstanding as of September 30, 2026, rising from 7,775,000 at December 31, 2025; the registrant had 17,150,000 outstanding shares as of November 9, 2026.
  • Staking Income: Income from staking rewards was $4,588 thousand for the nine months ended September 30, 2026, with $1,893 thousand earned in the third quarter alone.
  • Net Increase from Operations: The fund reported a net increase in net assets resulting from operations of $78,733 thousand for the three months ended September 30, 2026, and $15,149 thousand for the nine months ended September 30, 2026.
  • Investment at Fair Value: Investment in solana at fair value was $244,083 thousand as of September 30, 2026, against a cost of $231,127 thousand.
  • Sponsor Fee Waiver: The filing reports $104 thousand in sponsor fee waivers for the nine months ended September 30, 2026.

Fidelity Solana Fund's Q3 2026 Financial Position and Operating Results

According to the filing, Fidelity Solana Fund (NYSE Arca:FSOL) held investment in solana at fair value of $244,083 thousand as of September 30, 2026, with a cost basis of $231,127 thousand. Total assets were $246,858 thousand, and total liabilities were $2,981 thousand, which included a payable for purchases of solana of $2,775 thousand, a sponsor fee payable of $47 thousand, and a staking fee payable of $159 thousand. Total net assets stood at $243,877 thousand at the close of the quarter.

The fund's statements of operations show that for the nine months ended September 30, 2026, staking rewards generated $4,588 thousand in investment income. Net expenses after the $104 thousand sponsor fee waiver totaled $145 thousand, resulting in net investment income of $4,443 thousand. Net realized losses across various solana transactions totaled $(8,638) thousand for the nine-month period, while the net change in unrealized appreciation on investment in solana was $19,344 thousand, the filing disclosed.

Capital share activity during the nine months ended September 30, 2026 included shares issued valued at $138,831 thousand and shares redeemed valued at $(19,720) thousand, with distributions to shareholders of $(4,332) thousand. Shares outstanding increased by 9,675,000 during the nine-month period, from 7,775,000 to 17,450,000. The fund noted that it is classified as a non-accelerated filer, smaller reporting company, and emerging growth company. The fund was seeded on September 10, 2025, and comparative figures for 2025 periods cover only from that seeding date through September 30, 2025.

What Was Disclosed

Fidelity Solana Fund filed its Form 10-Q for the quarter ended September 30, 2026, disclosing unaudited financial statements including the fund's solana holdings at fair value, staking rewards income, share activity, net assets, and NAV per share.