Here are the 10-Q quarterly reports from Canary Marinade Solana ETF Shares of Beneficial Interest (SOLC) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow SOLC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SOLC filings page.
Canary Marinade Solana ETF reported net assets of $1,470,635 at June 30, 2026, with 100,000 shares outstanding and a NAV of $14.71 per share. The Trust held 19,976 SOL, valued using Level 1 quoted market prices, with essentially all SOL staked.
Net assets declined from $1,926,808 and NAV per share from $24.09 at December 31, 2025, reflecting a -38.92% total return at NAV for the six months as the SOL price fell 40.75% to $73.62. Operations produced a net decrease in net assets of $678,848, driven by $684,292 of unrealized depreciation and $34,177 of realized losses, partially offset by $39,621 of staking income. During the period, 40,000 shares were created and 20,000 redeemed, increasing net shares by 20,000. The Sponsor waived its 0.50% annual Sponsor Fee through June 30, 2026; from July 1, 2026, the full fee applies. Disclosure controls and procedures were evaluated and deemed effective.
Canary Marinade Solana ETF reported a sharp decline in value for the quarter ended March 31, 2026, driven by lower Solana (SOL) prices. Net assets fell from $1,926,808 to $1,145,618, while shares outstanding decreased from 80,000 to 70,000 due to creations and redemptions.
Net asset value per share dropped 32.05%, from $24.09 to $16.37, roughly in line with a 33.12% decline in SOL’s price over the period. The ETF earned $21,975 in staking income, fully offsetting its 0.50% sponsor fee, which was entirely waived, resulting in a 0.00% expense ratio.