FSOL

Fidelity Solana Fund investment objective is to seek to track the performance of SOL, the native token of the Solana blockchain, as measured by the performance of Fidelity Solana Reference Rate, adjusted for the Trust's expenses and other liabilities, plus an amount based on the staking rewards associated with SOL. As a result of the Trust's receipt of staking-based amounts, the Trust is expected to outperform the Index before consideration of the Trust's expenses and other liabilities. The Index is constructed using SOL price feeds from eligible SOL spot markets and a volume-weighted median price ("VWMP") methodology, calculated every 15 seconds based on VWMP spot market data over rolling sixty-minute increments. The Index is designed to reflect the performance of SOL in U.S. dollars. Accordingly, while under normal circumstances the Trust may stake up to 100% of the Trust's SOL, there is no minimum percentage the Trust is required to stake. The Trust will receive a portion of the staking rewards generated by a Node Operator. The Sponsor may, in the future, also seek to utilize liquid staking tokens ("LSTs") or purchase staked SOL from third-parties as alternative methods of generating staking rewards,