Quarterly ResultMay 15, 2026, 04:38 PM
21Shares Solana ETF Net Assets Halve to $2.88M; NAV per Share $7.99
AI Summary
The 21Shares Solana ETF reported a significant decline in its net assets and net asset value per share for the three months ended March 31, 2026. Net assets decreased by nearly 50% to $2.88 million, with NAV per share falling to $7.99 from $12.47. The Trust, operating as an "emerging growth company," generated $23,355 in staking rewards but experienced a net decrease in net assets from operations of $1.31 million.
Key Highlights
- Net assets decreased to $2,876,514 as of March 31, 2026, from $5,735,019 at December 31, 2025.
- Net asset value per share fell to $7.99 from $12.47 over the three-month period.
- Total return at net asset value was (33.30)% for the three months ended March 31, 2026.
- Net decrease in net assets from operations was $(1,306,978).
- Investment in Solana, at fair value, decreased to $2,877,478 from $5,770,226.
- The Trust earned $23,355 in staking rewards during the quarter.
- 40,000 shares were issued, and 140,000 shares were redeemed, a net decrease of 100,000 shares.
- The Trust operates as an "emerging growth company" under the JOBS Act.
Price Impact
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