BSOL — what changed in the latest 10-Q
A section-by-section comparison of BSOL's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-07 vs the prior 10-Q · 2026-05-06
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +11 | −4 | ~13 | 24 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 4 |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Legal proceedings, Risk factors
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-07
Net investment income for the three months ended June 30, 2026 was $8,425, which included income from Staking Rewards of $9,287 and net expenses of $862. Total expenses for the three months ended June 30, 2026 were $862, which included $307 in Sponsor Fee and $555 in Staking Fees.
During the six months ended June 30, 2026, the Trust's net assets decreased from $641,326 on December 31, 2025 to $592,344 on June 30, 2026. The decrease in the Trust's net assets resulted primarily from dispositions of approximately (4,875) solana to pay the Sponsor Fee, and approximately (935,622)…
Net investment income for the six months ended June 30, 2026 was $17,744, which included income from Staking Rewards of $19,173 and net expenses of $1,429. Total expenses for the six months ended June 30, 2026 were $1,754, which included $606 in Sponsor Fee and $1,148 in Staking Fees. For the six-mo…
Net realized and change in unrealized loss on investment in solana for the six months ended June 30, 2026 was $(333,783), which included a realized gain of $19 on the transfer of solana to pay the Sponsor Fee, a realized loss of $(69,620) on the sale of solana to meet redemptions, a realized loss of…
31, 2025 to $73.51 on June 30, 2026. Net decrease in net assets resulting from operations for the six months ended June 30, 2026 was $(316,039), which consisted of the net realized and unrealized loss on investment in solana and net investment income of $17,744.
Text removed vs the prior filing · source: 10-Q · 2026-05-06
Net investment income for three months ended March 31, 2026 was $9,319, which included income from Staking Rewards of $9,886 and net expenses of $567. Total expenses for the three months ended March 31, 2026 were $892, which included $299 in Sponsor Fee and $593 in Staking Fees. For the three-month …
Agent, Marketing Agent, Transfer Agent and Administrator), exchange listing fees, tax reporting fees, SEC registration fees, printing and mailing costs, audit fees and up to $500,000 per annum in ordinary legal fees and expenses. The Sponsor may determine in its sole discretion to assume legal fees …
The Trust may incur certain extraordinary, non-recurring expenses that are not assumed by the Sponsor, including but not limited to, taxes and governmental charges, any applicable brokerage commissions, financing fees, Solana network fees and similar transaction fees, expenses and costs of any extra…
The Trust does not hold a cash balance except in connection with the creation and redemption of Baskets (blocks of 10,000 Shares) or to pay expenses not assumed by the Sponsor. To pay for expenses not assumed by the Sponsor that are denominated in U.S. dollars, the Sponsor, on behalf of the Trust, m…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice