Invesco Galaxy Solana ETF

For the period ended Sep 30, 2026. Filed Nov 6, 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.

Sep 30, 2026 · Filed Nov 6, 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

September 30, 2026 and December 31, 2025

	September 30,	December 31,
	2026	2025
Assets
Investments in Solana, at value (cost $5,145,484 and $2,486,522, respectively)	$6,888,124	$2,241,724
Cash held by custodian	—	500
Total Assets	$6,888,124	$2,242,224
Liabilities
Payable for:
Distributions	$52,791	$—
Accrued Sponsor Fee	1,284	259
Due to broker	—	500
Total Liabilities	54,075	759
Commitments and Contingencies (Note 9)
Net Assets	$6,834,049	$2,241,465
Net assets consist of:
Paid-in-capital	$6,286,670	$2,485,077
Distributable earnings (loss)	547,379	(243,612)
	$6,834,049	$2,241,465
Shares outstanding	575,000	180,000
Net asset value per share	$11.89	$12.45
Market value per share	$11.74	$12.41

Schedule of Investments

September 30, 2026

Description · Quantity · Cost · Fair Value · % of Net Assets
Cryptocurrency
Solana (a)	58,084	$5,145,484		$6,888,124		100.80%
Total Investments	58,084	$5,145,484		$6,888,124		100.80%
Other Assets Less Liabilities			$(54,075)		(0.80)%
Net assets			$6,834,049		100.00%

(a)

$3,446,592 of Solana was staked as of September 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 Nine Months Ended September 30, 2026

	Three Months Ended	Nine Months Ended
	September 30, 2026	September 30, 2026
Income
Staking Income, Net	$33,460	$93,940
Total Income	33,460	93,940
Expenses
Sponsor Fee	3,207	8,738
Total Expenses	3,207	8,738
Net Investment Income (Loss)	30,253	85,202
Net Realized and Net Change in Unrealized Gain (Loss)
Net Realized Gain (Loss) on
Investments in Solana Sold to Pay Sponsor Fee	(1,691)	(4,583)
Investments in Solana Sold for Distributions	—	(38,232)
Investments in Solana Sold for Redemptions	(859,693)	(1,140,212)
Net Realized Gain (Loss)	(861,384)	(1,183,027)
Net Change in Unrealized Gain (Loss) on Investments in Solana	3,237,329	1,987,438
Net Realized and Net Change in Unrealized Gain (Loss) on Investments in Solana	2,375,945	804,411
Net Income (Loss)	$2,406,198	$889,613

Statements of Changes in Shareholders’ Equity

For the Three Months Ended September 30, 2026

	Total
Shares · Shareholders’Equity
Balance at June 30, 2026	675,000		$5,107,357
Purchases of Shares	70,000		729,384
Redemption of Shares	(170,000)		(1,356,099)
Net Increase (Decrease) due to Share Transactions	(100,000)		(626,715)
Distributions to Shareholders		(52,791)
Net Income (Loss)
Net Investment Income (Loss)		30,253
Net Realized Gain (Loss) on Investments in Solana Sold for Sponsor Fee, Distributions and Redemptions		(861,384)
Net Change in Unrealized Gain (Loss) on Investments in Solana		3,237,329
Net Income (Loss)		2,406,198
Net Change in Shareholders’ Equity	(100,000)		1,726,692
Balance at September 30, 2026	575,000		$6,834,049

Statements of Changes in Shareholders’ Equity

For the Nine Months Ended September 30, 2026

	Total
Shares · Shareholders’Equity
Balance at December 31, 2025	180,000		$2,241,465
Purchases of Shares	605,000		5,436,190
Redemption of Shares	(210,000)		(1,634,597)
Net Increase (Decrease) due to Share Transactions	395,000		3,801,593
Distributions to Shareholders		(98,622)
Net Income (Loss)
Net Investment Income (Loss)		85,202
Net Realized Gain (Loss) on Investments in Solana Sold for Sponsor Fee, Distributions and Redemptions		(1,183,027)
Net Change in Unrealized Gain (Loss) on Investments in Solana		1,987,438
Net Income (Loss)		889,613
Net Change in Shareholders’ Equity	395,000		4,592,584
Balance at September 30, 2026	575,000		$6,834,049

Statement of Cash Flows

For the Nine Months Ended September 30, 2026

Cash flows from operating activities:
Net Income (Loss)	$889,613
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Cost of Solana purchased	(5,436,185)
Staking income, net	(93,940)
Proceeds from Solana sold to pay Sponsor Fee	7,708
Proceeds from Solana sold for Distributions	45,831
Proceeds from Solana sold for Redemptions	1,634,597
Net Realized (Gain) Loss on Investments in Solana Sold to pay Sponsor Fee	4,583
Net Realized (Gain) Loss on Investments in Solana Sold for Distributions	38,232
Net Realized (Gain) Loss on Investments in Solana Sold for Redemptions	1,140,212
Net Change in Unrealized (Gain) Loss on Investments in Solana	(1,987,438)
Change in operating assets and liabilities:
Accrued Sponsor Fee	1,025
Due to broker	(500)
Net cash provided by (used in) operating activities	(3,756,262)
Cash flows from financing activities:
Distributions paid to Shareholders	(45,831)
Proceeds from purchases of Shares	5,436,190
Redemption of Shares	(1,634,597)
Net cash provided by (used in) financing activities	3,755,762
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.