Morgan Stanley Solana Trust (NYSE Arca:MSOL) filed its first Form 10-Q with the SEC on November 13, 2026, covering the period from commencement of operations on July 27, 2026 through September 30, 2026.

Key Highlights

  • Net assets of $58,009,763 were reported as of September 30, 2026, according to the filing.
  • SOL holdings of 489,209.42002501 SOL were held at a fair value of $58,015,345 against a cost of $41,675,762.
  • Net asset value per share was $32.23 with 1,800,000 shares issued and outstanding as of September 30, 2026.
  • $56,791,221 of the SOL holdings were staked as of September 30, 2026, the filing disclosed.
  • 1,880,000 shares were outstanding as of October 31, 2026, per the cover page.
  • Operations commenced July 27, 2026, making this the Trust's initial quarterly report with no comparative prior period.

Morgan Stanley Solana Trust: Balance Sheet and Operations at Quarter End

According to the filing, Morgan Stanley Solana Trust held 489,209.42002501 SOL as of September 30, 2026, carried at a fair value of $58,015,345 and a cost of $41,675,762. The Trust reported total assets of $64,410,139, which included a SOL sold receivable of $4,795,856 and a shares issued receivable of $1,598,938 in addition to the SOL investment. Total liabilities were $6,400,376, consisting of a Delegated Sponsor Fee payable of $5,587, SOL purchased payable of $1,598,938, and shares redeemed payable of $4,795,851.

Net assets as reported were $58,009,763, composed of paid-in capital of $41,733,855 and accumulated earnings of $16,275,908. The filing disclosed that shares outstanding carried no par value and were authorized in an unlimited amount, with 1,800,000 shares issued and outstanding as of September 30, 2026, yielding a net asset value per share of $32.23. The filing also noted that $56,791,221 of the total SOL fair value represented staked SOL.

The Trust is registered under Delaware law and is managed by Morgan Stanley Investment Management Inc., located at 1585 Broadway, New York, New York 10036. The filing indicates the Trust is classified as a non-accelerated filer, a smaller reporting company, and an emerging growth company under applicable SEC rules. Because operations commenced on July 27, 2026, the filing stated that no comparative financial statements were provided. Forward-looking statements contained in the filing are the company's own and are subject to the cautionary language described in the quarterly report.

What Was Disclosed

Morgan Stanley Solana Trust submitted its initial quarterly report covering July 27, 2026 through September 30, 2026, disclosing SOL holdings, net assets, staking activity, and share counts as of that date, with no prior-period comparison available.