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Paired with SOLThe VanEck Solana Trust (the "Trust") is an exchange-traded fund that issues common shares of beneficial interest (the "Shares") that are expected to be approved for listing, subject to notice of issuance, on the Cboe BZX Exchange, Inc. (the "Exchange") under the ticker symbol [ ]. The Trust's investment objective is to reflect the performance of the price of Solana ("SOL") less the expenses of the Trust's operations. In seeking to achieve its investment objective, the Trust will hold SOL and will value its Shares daily based on the reported MarketVectorTM Solana Benchmark Rate (the "Index" or "MarketVectorTM Solana Benchmark Rate"), which is calculated based on prices contributed by trading platforms that the Sponsor's (as defined below) affiliate, MarketVector Indexes GmbH ("MarketVector"), believes represent the top five SOL trading platforms based on the industry leading CCData Centralized Exchange Benchmark review report. See "The Trust and SOL Prices—Description of the MarketVectorTM Solana Benchmark Rate Construction and Maintenance" for more information. VanEck Digital Assets, LLC (the "Sponsor") is the sponsor of the Trust, Delaware Trust Company (the "Trustee") is the trustee of the Trust, and [ ], (the "SOL Custodian" or "[ ]"), or any successor custodian, is the custodian of the Trust, who will hold all of the Trust's SOL on the Trust's behalf.
