Quarterly ResultMay 13, 2026, 12:52 PM
Fidelity Solana Fund Net Assets Drop 14.5% to $97.4M; NAV per Share $9.84
AI Summary
Fidelity Solana Fund reported a significant decrease in its net assets and Net Asset Value (NAV) per share for the three months ended March 31, 2026. Total net assets declined by 14.5% to $97.4 million, while NAV per share fell by 32.8% to $9.84. The fund experienced a net decrease in net assets of $50.9 million from operations, primarily due to a $46.2 million net change in unrealized depreciation on its Solana investment, despite generating $1.4 million in staking rewards.
Key Highlights
- Total Net Assets decreased to $97.4 million as of March 31, 2026, from $113.9 million.
- Net Asset Value per share fell to $9.84 from $14.66 as of December 31, 2025.
- Net decrease in net assets from operations was $50.9 million for the quarter.
- Net change in unrealized depreciation on Solana investment was $46.2 million.
- Income from staking rewards totaled $1.4 million for the three months.
- Total Return, at Net Asset Value, was (32.40)% for the quarter.
- The fund issued 3,425,000 shares and redeemed 1,300,000 shares during the period.