Grayscale Waives Fees and Stakes 100% SOL in GSOL ETF
Grayscale has temporarily waived management and sponsor fees for its Grayscale Solana Trust (GSOL) ETF for up to three months or until assets under management reach $1 billion. Starting November 5, the fund stakes 100 percent of its SOL holdings—currently 578,144 SOL in $94 million AUM—at a gross annualized yield of about 7.2 percent. Staking rewards are reflected in share‐price appreciation in real time, supported by a diversified validator strategy launched on October 6. The fee waiver and robust staking program aim to improve cost efficiency and investor returns, strengthen the Solana ETF’s competitive edge against rival products from VanEck, 21Shares and ARK, and drive new capital into SOL-linked exchange-traded products. This incentive package could spur greater demand for the Solana ETF and further inflows into SOL.
Bullish
The temporary fee waiver lowers investor costs and, combined with a full staking strategy yielding over 7%, enhances GSOL’s appeal relative to competing Solana ETFs. This should drive immediate inflows into the fund and increase SOL demand on trading platforms, supporting a short-term price uptick. Over the longer term, sustained AUM growth and higher staking rewards may bolster market confidence in Solana, encouraging further capital allocation to SOL-linked products and reinforcing bullish momentum.