Franklin Solana Trust Mar 31, 2026: Net loss $2.86M, No EPS — 10-K Summary

Franklin Solana Trust reported a net decrease in net assets from operations of $2.86M for the period Dec. 3, 2025–Mar. 31, 2026, driven by a 42.4% decline in the price of Solana that outweighed modest staking income.

Financial Highlights

• Net income: Net decrease in net assets resulting from operations of $(2.86) M for Dec. 3, 2025–Mar. 31, 2026 (period net loss driven by Solana price decline).
• Diluted EPS: Not disclosed for the period; no EPS reported in Part 2 Item 7/Item 8.
• Revenue/Income: The fund reported net investment income of $98.96K and realized and unrealized losses; traditional revenue is not applicable.

Business Highlights

• Fund launch & listing: Shares began trading Dec. 3, 2025 on NYSE Arca under ticker SOEZ, providing public exposure to Solana.
• Assets & seed: A seed investor funded the initial position (17,000 SOL); the Fund held 112,336 SOL in custody as of Mar. 31, 2026.
• NAV impact: NAV per share fell 41.2% from Dec. 3 through Mar. 31, largely reflecting a 42.4% drop in SOL price, partially offset by $98.96K in staking income.
• Staking and operations: The Fund may stake up to 100% of its Solana holdings, pays staking fees (temporarily reduced), and may sell SOL to cover sponsor fees.
• Fee structure and sponsor support: The sponsor accrues a 0.19% annual fee (initially waived) and assumes most operational expenses to support early cost stability.

Original SEC Filing: Franklin Solana Trust [ SOEZ ] - 10-K - Jun. 29, 2026