Data as of .
OSOL vs SOEZ: which tracked its coin?
OSOL closed unchanged on more than a twentieth of its trading days, so its difference from Solana is not comparable with SOEZ’s.
The same coin, two trusts
OSOL and SOEZ hold the same asset. Both are 1933 Act trusts holding Solana through a custodian, so neither has a portfolio to compare: the whole of each fund is one line. OSOL closed unchanged on more than a twentieth of its trading days, so its distance from Solana is a quote nobody moved rather than a cost a holder paid, and ETFIQ neither prints it nor ranks it. OSOL has 1,255 more days of record than SOEZ, and a longer record is a longer window over which a cost can show itself.
Performance, window by window
| Window | Total return | The coin over the same days | Difference, percentage points | |||
|---|---|---|---|---|---|---|
| OSOL | SOEZ | OSOL | SOEZ | OSOL | SOEZ | |
| 1 month | 0.0% | +35.6% | +35.6% | +35.6% | not comparable | 0.0 pts |
| 3 months | +156.3% | +54.7% | +53.4% | +53.4% | not comparable | +1.4 pts |
| 6 months | +105.0% | +17.9% | +16.1% | +16.1% | not comparable | +1.8 pts |
| 1 year | −8.0% | not published | −55.2% | not published | not comparable | not published |
| Since each listed | +257.3% | −24.9% | +166.2% | −29.2% | not comparable | +6.0% of its growth |
| OSOL Osprey Solana Trust Holds Solana through a custodian, listed Jun 27, 2022, quoted thinly | SOEZ Franklin Solana Trust Holds Solana through a custodian, listed Dec 3, 2025 | |
|---|---|---|
| Sponsor | Osprey | Franklin |
| Holds | Solana | Solana |
| Net assets | not read | $9m, balance sheet of Jun 30, 2026 |
| Sponsor’s fee | 2.50% | 0.19% |
| Fee waiver | none | the whole fee, first $5.0 billion of assets |
| Staking | the filings say it does | the filings say it does |
| Listed | Jun 27, 2022 | Dec 3, 2025 |
| Days since listing | 1,537 days | 282 days |
| Days it has traded | 1,056 | 194 |
| Days it closed unchanged | 204 | 0 |
| Quoted | thinly, and not ranked against funds that trade daily | on an exchange, every trading day |
| Fund returned, 1 year or since launch | −8.0% | −24.9% |
| The coin over the same days | −55.2% | −29.2% |
| Difference, percentage points | not comparable | +6.0% of its growth |
| Fund returned since it listed | +257.3% | −24.9% |
| Difference since it listed | not comparable | +6.0% of its growth |
| Price | $2.2804 | $17.6856 |
OSOL in plain words
OSOL holds Solana through a custodian and trades on an exchange, so a holder gets the coin’s return inside a brokerage account rather than a wallet. Over the year to Sep 11, 2026, Solana moved −55.2% and OSOL returned −8.0%. That leaves it not comparable. That difference is the fee, the custody cost, the friction of creating and redeeming shares in blocks, and whatever the market paid for the shares rather than for the coin, all of it together. It is the only figure on this page the sponsor does not publish itself. OSOL closed unchanged on 204 of its 1056 trading days. A price that does not move is a price nobody traded at, so its difference against Solana describes the days somebody did trade rather than the fund, and ETFIQ does not rank it against funds that trade every day. Solana is a proof of stake chain, so a fund holding it can stake. OSOL’s own filings say it does (S-1, Oct 22, 2025). Over the window ETFIQ measures it did not finish ahead of Solana’s own price, so whatever it earned did not cover its costs. A spot trust is not a registered investment company. It files a 10-K rather than an N-PORT, and its holding is one line: the Solana it custodies.
SOEZ in plain words
SOEZ holds Solana through a custodian and trades on an exchange, so a holder gets the coin’s return inside a brokerage account rather than a wallet. Over the time since it listed to Sep 11, 2026, Solana moved −29.2% and SOEZ returned −24.9%. That leaves it 6.0% ahead once both returns are compounded. Over a window this long the two returns cannot simply be subtracted. Doing it would read +4.3 pts, which is arithmetically correct and describes nothing a holder can act on: what the figure above states is the gap between the two growth factors, so a fund that kept 106% of what holding the coin gave says exactly that. SOEZ charges 0.19% a year and still finished 6.0% ahead of Solana, which a fee cannot do on its own. SOEZ’s own filings say it does (424B3, Aug 26, 2026). What the prices show is that it finished 6.0% ahead of Solana’s own price over the same days, against +2.9% for the other 8 funds holding Solana. After a fee, an in-kind ETP ahead of the asset it holds got there by staking.
Questions people ask
- Can OSOL and SOEZ be compared on tracking?
- OSOL closed unchanged on more than a twentieth of its trading days. A price that does not move is a price nobody traded at, so the difference from Solana describes the days somebody did trade rather than the fund, and ETFIQ publishes it nowhere and ranks it against nothing.
- Do OSOL or SOEZ pay a staking yield?
- Solana is a proof of stake chain, so staking is possible. Whether either trust stakes, and what the sponsor keeps of it, is a term in its own filings and is read from those rather than assumed.
- What is the difference between OSOL and SOEZ?
- Both hold Solana through a custodian and both trade on an exchange, so what separates them is what each costs a holder over time. OSOL is sponsored by Osprey and listed Jun 27, 2022; SOEZ by Franklin, listed Dec 3, 2025.
- Which is cheaper, OSOL or SOEZ?
- OSOL charges 2.50% a year and SOEZ charges 0.19%, so SOEZ is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, OSOL against SOEZ, data as of Sep 11, 2026. https://etfiq.com/compare/crypto/OSOL-SOEZ Free to use with attribution; the underlying files are at Open data.