Invesco Galaxy Solana ETF
For the period ended Mar 31, 2026. Filed May 7, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 7, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 1. Financial Statements
Statements of Financial Condition
March 31, 2026 and December 31, 2025
| March 31, | December 31, | |
|---|---|---|
| 2026 | 2025 | |
| Assets | ||
| Investments in Solana, at value (cost $6,776,792 and $2,486,522, respectively) | $5,570,138 | $2,241,724 |
| Cash held by custodian | — | 500 |
| Total Assets | $5,570,138 | $2,242,224 |
| Liabilities | ||
| Payable for: | ||
| Accrued Sponsor Fee | $1,056 | 259 |
| Due to broker | — | 500 |
| Total Liabilities | 1,056 | 759 |
| Commitments and Contingencies (Note 9) | ||
| Net Assets | $5,569,082 | $2,241,465 |
| Net assets consist of: | ||
| Paid-in-capital | $6,772,282 | $2,485,077 |
| Distributable earnings (loss) | (1,203,200) | (243,612) |
| $5,569,082 | $2,241,465 | |
| Shares outstanding | 665,000 | 180,000 |
| Net asset value per share | $8.37 | $12.45 |
| Market value per share | $8.30 | $12.41 |
Schedule of Investments
March 31, 2026
| Description · Quantity · Cost · Fair Value · % of Net Assets | ||||||
|---|---|---|---|---|---|---|
| Cryptocurrency | ||||||
| Solana (a) | 66,812 | $6,776,792 | $5,570,138 | 100.02% | ||
| Total Investments | 66,812 | $6,776,792 | $5,570,138 | 100.02% | ||
| Other Assets Less Liabilities | $(1,056) | (0.02)% | ||||
| Net assets | $5,569,082 | 100.00% | ||||
(a)
$2,799,762 of Solana was staked as of March 31, 2026.
Schedule of Investments
December 31, 2025
| Description · Quantity · Cost · Fair Value · % of Net Assets | ||||||
|---|---|---|---|---|---|---|
| Cryptocurrency | ||||||
| Solana (a) | 18,013 | $2,486,522 | $2,241,724 | 100.01% | ||
| Total Investments | 18,013 | $2,486,522 | $2,241,724 | 100.01% | ||
| Other Assets Less Liabilities | $(259) | (0.01)% | ||||
| Net assets | $2,241,465 | 100.00% | ||||
(a)
$561,464 of Solana was staked as of December 31, 2025.
Statements of Income and Expenses
| Three Months Ended | |
|---|---|
| Income | |
| Staking Income, Net | $19,853 |
| Total Income | 19,853 |
| Expenses | |
| Sponsor Fee | 1,998 |
| Total Expenses | 1,998 |
| Net Investment Income (Loss) | 17,855 |
| Net Realized and Net Change in Unrealized Gain (Loss) | |
| Net Realized Gain (Loss) on | |
| Investments in Solana Sold to Pay Sponsor Fee | (467) |
| Investments in Solana Sold for Distributions | (5,796) |
| Net Realized Gain (Loss) | (6,263) |
| Net Change in Unrealized Gain (Loss) on Investments in Solana | (961,856) |
| Net Realized and Net Change in Unrealized Gain (Loss) on Investments in Solana | (968,119) |
| Net Income (Loss) | $(950,264) |
Statement of Changes in Shareholders’ Equity
| Total | |||
|---|---|---|---|
| Shares · Shareholders'Equity | |||
| Balance at December 31, 2025 | 180,000 | $2,241,465 | |
| Purchases of Shares | 485,000 | 4,287,208 | |
| Redemption of Shares | — | — | |
| Net Increase (Decrease) due to Share Transactions | 485,000 | 4,287,208 | |
| Distributions to Shareholders | (9,327) | ||
| Net Income (Loss) | |||
| Net Investment Income (Loss) | 17,855 | ||
| Net Realized Gain (Loss) on Investments in Solana Sold for Sponsor Fee and Distributions | (6,263) | ||
| Net Change in Unrealized Gain (Loss) on Investments in Solana | (961,856) | ||
| Net Income (Loss) | (950,264) | ||
| Net Change in Shareholders' Equity | 485,000 | 3,327,617 | |
| Balance at March 31, 2026 | 665,000 | $5,569,082 | |
Statement of Cash Flows
| Cash flows from operating activities: | |
|---|---|
| Net Income (Loss) | $(950,264) |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |
| Cost of Solana purchased | (4,287,208) |
| Staking income, net | (19,853) |
| Proceeds from Solana sold to pay Sponsor Fee | 1,201 |
| Proceeds from Solana sold for Distributions | 9,327 |
| Net Realized (Gain) Loss on Investments in Solana Sold to pay Sponsor Fee | 467 |
| Net Realized (Gain) Loss on Investments in Solana Sold for Distributions | 5,796 |
| Net Change in Unrealized (Gain) Loss on Investments in Solana | 961,856 |
| Change in operating assets and liabilities: | |
| Accrued Sponsor Fee | 797 |
| Due to broker | (500) |
| Net cash provided by (used in) operating activities | (4,278,381) |
| Cash flows from financing activities: | |
| Distributions paid to Shareholders | (9,327) |
| Proceeds from purchases of Shares | 4,287,208 |
| Net cash provided by (used in) financing activities | 4,277,881 |
| Net change in cash | (500) |
| Cash at beginning of period | 500 |
| Cash at end of period | $— |
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