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Statement of Cash Flows (Unaudited)
$ in Thousands
3 Months Ended
Mar. 31, 2026
USD ($)
Cash Flows from Operating Activities:  
Net increase (decrease) in net assets resulting from operations $ (50,947)
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:  
Payments for purchases of solana (44,369)
Proceeds from solana sold 7,837
Net realized (gain) loss on investment in solana sold for redemptions 6,519
Net realized (gain) loss on investment in solana distributed for redemptions (394)
Net change in unrealized (appreciation) depreciation on investment in solana 46,223
Staking rewards received (1,401)
Net cash provided by (used in) operating activities (36,532)
Cash Flows from Financing Activities:  
Proceeds from issuance of capital shares 44,369
Cash paid for redemption of capital shares (7,152)
Cash paid for staking rewards distributions (685)
Net Cash Provided by (Used in) Financing Activities 36,532
Net increase (decrease) in cash 0
Cash, beginning of the period 0
Cash, End of the Period 0
Supplemental Information and Non-Cash Financing Activities  
Solana received for the issuance of capital shares 4,177
Solana distributed for the redemption of capital shares $ 6,262