Franklin Solana ETF, a series of Franklin Solana Trust sponsored by Franklin Holdings, LLC, filed a Form 10-Q with the SEC on November 13, 2026, covering the quarterly period ended September 30, 2026, and listing its shares on NYSE Arca under the symbol SOEZ.

Key Highlights

  • Net assets rose to $17,426,823 as of September 30, 2026, up from $9,365,055 as of March 31, 2026, according to the filing.
  • Shares outstanding increased to 850,000 as of September 30, 2026, compared with 650,000 as of March 31, 2026, the filing disclosed.
  • Net asset value per share was $20.50 at September 30, 2026, versus $14.41 at March 31, 2026, as reported in the combined statements of assets and liabilities.
  • Investment in Solana at fair value was $17,430,135 at September 30, 2026, against a cost of $15,741,925, the filing stated.
  • Total liabilities were $3,312 at September 30, 2026, consisting of a sponsor's fee payable of $2,371 and a staking fee payable of $941, per the filing.
  • The registrant is classified as a non-accelerated filer, smaller reporting company, and emerging growth company, as indicated on the filing's cover page.

Franklin Solana Trust Combined Balance Sheet Details for September 30, 2026

According to the Form 10-Q filed November 13, 2026 for the quarterly period ended September 30, 2026, Franklin Solana ETF (NYSE Arca:SOEZ) reported total assets of $17,430,135, consisting entirely of its investment in Solana at fair value. The cost basis of that investment was $15,741,925 at September 30, 2026, compared with $12,191,899 at March 31, 2026, the filing disclosed. Total liabilities at the end of the period were $3,312, comprising a sponsor's fee payable of $2,371 and a staking fee payable of $941.

The combined statements of assets and liabilities show that net assets grew from $9,365,055 at March 31, 2026 to $17,426,823 at September 30, 2026, the filing reported. Over the same period, shares issued and outstanding rose from 650,000 to 850,000, while net asset value per share increased from $14.41 to $20.50. The registrant had 850,000 outstanding shares as of November 2, 2026, according to the cover page disclosure.

The filing notes that the Trust is an "emerging growth company" as defined in the JOBS Act, and the Trust intends to take advantage of the extended transition period for complying with new or revised accounting standards. The Trust disclosed it will remain an emerging growth company until certain thresholds are met, including total annual gross revenues of $1.235 billion or more, or the last day of the fiscal year following the fifth anniversary of its initial public offering, among other conditions. The forward-looking statements in the filing are the company's own and are subject to the cautionary language included in the report.

What Was Disclosed

Franklin Solana ETF filed its quarterly report covering the period ended September 30, 2026, disclosing net assets of $17,426,823, a net asset value per share of $20.50, 850,000 shares outstanding, and a Solana investment at fair value of $17,430,135.