SOEZMEDIUM SIGNALOPERATIONAL10-Q
Franklin Solana Trust has transitioned from pre-launch status to active operations, with the filing now reflecting operational details including full staking of Solana tokens and established cost basis reporting.
The removal of inception-related language and addition of operational metrics indicates SOEZ has successfully launched and begun normal business activities. The disclosure that 100% of Solana tokens are staked with third-party counterparties represents a key operational risk factor that investors should monitor, as staking introduces counterparty risk while potentially generating yield for the trust.
Comparing 2026-02-17 vs 2025-12-17View on EDGAR →
LANGUAGE CHANGES
NEW — 2026-02-17
PRIOR — 2025-12-17
ADDED
1 STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This quarterly report on Form 10-Q includes statements which relate to future events or future performance.
The Trust intends to take advantage of the benefits of the extended transition period.
(a) Cost of investment in Solana: $ 3,456,108 at December 31, 2025.
(a) As of December 31, 2025, 100 % of Solana tokens are staked with third party counterparties.
(a) Net increase (decrease) in net assets per Share based on average shares outstanding during the period.
REMOVED
* No comparative period presented as Fund inception was September 22, 2025.
* No comparative period presented as Fund inception was September 22, 2025.
The accompanying financial statements relate to the Trust, as registrant, and the one series that it currently offers, Franklin Solana ETF (the Fund ) presented on a combined basis.
At launch, the Fund will issue shares ( Shares ) representing fractional undivided beneficial interests in its net assets.
The Fund issues Shares only in Creation Units of 50,000 or multiples thereof.
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