Fidelity Solana Fund is a passively-managed exchange-traded product that provides investors exposure to SOL, the native token of the Solana blockchain, through publicly-traded shares purchasable in traditional brokerage accounts. The Trust holds Solana tokens in third-party custody and values its shares daily using a volume-weighted median pricing methodology; it also stakes SOL with network operators to generate staking rewards that are expected to enhance returns. The fund generates revenue through an annual sponsor fee on assets under management and a percentage fee on staking rewards earned, while covering operational costs for custody, administration, and compliance.