Grayscale Solana Staking ETF (formerly known as Grayscale Solana Trust (SOL) and Grayscale Solana Trust ETF) (the "Trust") is a Delaware Statutory Trust that was formed on November 9, 2021, by the filing of the Certificate of Trust with the Delaware Secretary of State in accordance with the provisions of the Delaware Statutory Trust Act. The Trust's purpose is to hold Solana tokens ("SOL"), which are digital assets that are created and transmitted through the operations of the peer-to-peer Solana Network, a decentralized network of computers that operates on cryptographic protocols.
As of December 31, 2025, the Trust holds approximately 0.23% of the SOL in circulation. The size of the Trust's position does not itself enable the Sponsor or the Trust to participate in or otherwise influence the development of the Solana Network. As a decentralized digital asset network, the Solana Network consists of several stakeholders, including core developers of SOL, users, services, businesses, validators and other constituencies, of which the Trust is only one constituent. Furthermore, in contrast to other protocols in which token holders participate in the governance of the network, ownership of SOL confers no such rights.
