Grayscale has disclosed a 0.35% management fee for its upcoming Solana Exchange Traded Fund (ETF), known as GSOL, in a filing with the U.S. Securities and Exchange Commission dated October 9.
The company awaits final regulatory approval to list GSOL on NYSE Arca, though progress is delayed due to the U.S. government shutdown. The sponsor fee, payable in Solana (SOL), will not be temporarily waived.
The updated filing includes expanded risk factors linked to staking, warning that validator losses or low participation could impact network stability.
Grayscale recently activated staking for its Solana Trust, letting investors earn rewards through traditional brokerage accounts.
Once approved, GSOL could become one of the first spot Solana ETFs offering staking exposure.
Meanwhile, rival asset manager Bitwise introduced a Solana ETF with a 0.20% fee—currently the industry’s lowest—and waived it for three months or until assets reach $1 billion. Bloomberg’s Eric Balchunas called Bitwise’s pricing “an aggressive push for inflows.”
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