Overview
- Grayscale suspended sponsor fees on the Grayscale Solana Trust for three months or until assets reach $1 billion, applying to both new and existing investors.
- GSOL will stake up to 100% of its SOL holdings, with a published 7.23% gross staking reward rate supported by a diversified validator network.
- After the waiver ends, a 0.35% management fee resumes, with Grayscale estimating a net staking rate of about 6.60% based on current assumptions.
- GSOL trades on OTCQX and is not registered under the Investment Company Act of 1940, which means it does not carry the protections of registered funds.
- The move seeks to attract institutional capital in a fee-competitive market following reports of more than $12 billion in outflows from Grayscale’s Bitcoin Trust since its ETF conversion.