Invesco Galaxy Solana ETF

For the period ended Jun 30, 2026. Filed Aug 7, 2026.

About 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.

Jun 30, 2026 · Filed Aug 7, 2026

QSOL$8.37-3.7%Stored close · as of Nov 10, 2026

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Contents

Item 1. Unaudited Financial Statements

ITEM 1. FINANCIAL STATEMENTS.

Statements of Financial Condition

June 30, 2026 and December 31, 2025

	June 30,	December 31,
	2026	2025
Assets
Investments in Solana, at value (cost $6,603,034 and $2,486,522, respectively)	$5,108,345	$2,241,724
Cash held by custodian	—	500
Receivable from Solana sold	36,504	—
Total Assets	$5,144,849	$2,242,224
Liabilities
Payable for:
Distributions	$36,504	$—
Accrued Sponsor Fee	988	259
Due to broker	—	500
Total Liabilities	37,492	759
Commitments and Contingencies (Note 9)
Net Assets	$5,107,357	$2,241,465
Net assets consist of:
Paid-in-capital	$6,913,385	$2,485,077
Distributable earnings (loss)	(1,806,028)	(243,612)
	$5,107,357	$2,241,465
Shares outstanding	675,000	180,000
Net asset value per share	$7.57	$12.45
Market value per share	$7.39	$12.41

Schedule of Investments

June 30, 2026

Description · Quantity · Cost · Fair Value · % of Net Assets
Cryptocurrency
Solana (a)	67,777	$6,603,034		$5,108,345		100.02%
Total Investments	67,777	$6,603,034		$5,108,345		100.02%
Other Assets Less Liabilities			$(988)		(0.02)%
Net assets			$5,107,357		100.00%

(a)

$2,758,646 of Solana was staked as of June 30, 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

For the Three and Six Months Ended June 30, 2026

	Three Months Ended	Six Months Ended
	June 30, 2026	June 30, 2026
Income
Staking Income, Net	$40,627	$60,480
Total Income	40,627	60,480
Expenses
Sponsor Fee	3,533	5,531
Total Expenses	3,533	5,531
Net Investment Income (Loss)	37,094	54,949
Net Realized and Net Change in Unrealized Gain (Loss)
Net Realized Gain (Loss) on
Investments in Solana Sold to Pay Sponsor Fee	(2,425)	(2,892)
Investments in Solana Sold for Distributions	(32,436)	(38,232)
Investments in Solana Sold for Redemptions	(280,519)	(280,519)
Net Realized Gain (Loss)	(315,380)	(321,643)
Net Change in Unrealized Gain (Loss) on Investments in Solana	(288,035)	(1,249,891)
Net Realized and Net Change in Unrealized Gain (Loss) on Investments in Solana	(603,415)	(1,571,534)
Net Income (Loss)	$(566,321)	$(1,516,585)

Statements of Changes in Shareholders’ Equity

For the Three Months Ended June 30, 2026

	Total
Shares · Shareholders’Equity
Balance at March 31, 2026	665,000		$5,569,082
Purchases of Shares	50,000		419,598
Redemption of Shares	(40,000)		(278,498)
Net Increase (Decrease) due to Share Transactions	10,000		141,100
Distributions to Shareholders		(36,504)
Net Income (Loss)
Net Investment Income (Loss)		37,094
Net Realized Gain (Loss) on Investments in Solana Sold for Sponsor Fee, Distributions and Redemptions		(315,380)
Net Change in Unrealized Gain (Loss) on Investments in Solana		(288,035)
Net Income (Loss)		(566,321)
Net Change in Shareholders’ Equity	10,000		(461,725)
Balance at June 30, 2026	675,000		$5,107,357

Statements of Changes in Shareholders’ Equity

For the Six Months Ended June 30, 2026

	Total
Shares · Shareholders’Equity
Balance at December 31, 2025	180,000		$2,241,465
Purchases of Shares	535,000		4,706,806
Redemption of Shares	(40,000)		(278,498)
Net Increase (Decrease) due to Share Transactions	495,000		4,428,308
Distributions to Shareholders		(45,831)
Net Income (Loss)
Net Investment Income (Loss)		54,949
Net Realized Gain (Loss) on Investments in Solana Sold for Sponsor Fee, Distributions and Redemptions		(321,643)
Net Change in Unrealized Gain (Loss) on Investments in Solana		(1,249,891)
Net Income (Loss)		(1,516,585)
Net Change in Shareholders’ Equity	495,000		2,865,892
Balance at June 30, 2026	675,000		$5,107,357

Statement of Cash Flows

For the Six Months Ended June 30, 2026

Cash flows from operating activities:
Net Income (Loss)	$(1,516,585)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Cost of Solana purchased	(4,706,806)
Staking income, net	(60,480)
Proceeds from Solana sold to pay Sponsor Fee	4,802
Proceeds from Solana sold for Distributions	45,831
Proceeds from Solana sold for Redemptions	278,498
Net Realized (Gain) Loss on Investments in Solana Sold to pay Sponsor Fee	2,892
Net Realized (Gain) Loss on Investments in Solana Sold for Distributions	38,232
Net Realized (Gain) Loss on Investments in Solana Sold for Redemptions	280,519
Net Change in Unrealized (Gain) Loss on Investments in Solana	1,249,891
Change in operating assets and liabilities:
Receivable from Solana sold	(36,504)
Accrued Sponsor Fee	729
Due to broker	(500)
Net cash provided by (used in) operating activities	(4,419,481)
Cash flows from financing activities:
Distributions paid to Shareholders	(9,327)
Proceeds from purchases of Shares	4,706,806
Redemption of Shares	(278,498)
Net cash provided by (used in) financing activities	4,418,981
Net change in cash	(500)
Cash at beginning of period	500
Cash at end of period	$—

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.