The amendment adds a staking yield component to GSOL, making it more competitive against other Solana ETFs that may not stake. Monitor the Sponsor's Staking Fee percentage when disclosed in the upcoming prospectus supplement — a high fee could erode net yield. The first distribution date and actual yield rate will be key catalysts.
Price Chart
Executive Summary
Grayscale Solana Staking ETF amended its trust agreement to enable staking of its SOL holdings and commence regular distributions of net staking rewards to shareholders on at least a quarterly basis (targeting monthly). The Sponsor's Fee remains 0.19% of NAV, and a new Sponsor's Staking Fee will be deducted from staking rewards before distribution. This structural change adds a yield component to the ETF, potentially enhancing its appeal relative to non-staking Solana exposure vehicles.
Key Facts
- Third Amended and Restated Trust Agreement executed August 6, 2026, replacing the Second A&R Trust Agreement and its amendments.
- Trust is now required to stake all SOL (subject to liquidity exceptions) and reduce Native Staking Consideration to cash no less often than quarterly.
- Net cash proceeds from staking rewards will be distributed to shareholders on a monthly (but no less than quarterly) basis.
- Sponsor's Fee remains 0.19% of NAV Fee Basis Amount per annum, payable daily in SOL.
- New Sponsor's Staking Fee introduced, calculated as a per annum percentage of staking consideration received (amount to be disclosed in future SEC filings).
- Distributions are variable and depend on actual staking rewards received; amount cannot be predicted with certainty.
Financial Impact
No specific dollar amounts provided. Staking yield will depend on SOL network conditions and the Sponsor's Staking Fee percentage (TBD). The 0.19% Sponsor's Fee is unchanged.
Risk Factors
- Staking involves slashing risk and technical vulnerabilities in the Solana network or validator software.
- Sponsor's Staking Fee reduces net yield to shareholders; fee percentage not yet disclosed.
- Staking rewards are variable and dependent on network conditions, validator performance, and total SOL staked.
- Regulatory risk: future IRS or SEC guidance could impact staking treatment for grantor trusts.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (GSOL) — Batch item 1 | 0001193125-26-339270 |
| Document: gsol-20260806.htm | 0001193125-26-339270 |
| Document: 0001193125-26-339270-index-headers.html | 0001193125-26-339270 |
| Document: 0001193125-26-339270-index.html | 0001193125-26-339270 |
| Document: 0001193125-26-339270.txt | 0001193125-26-339270 |
| 8-K Filing (GSOL) — Batch item 6 | 0001193125-26-339270 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 7, 2026 11w ago | 8-K | $5.60 $7.68 | ▲ +37.14% | ▲ +37.54% | $7.60 (+35.71%) |
May 13, 2026 23w ago | 8-K | $6.95 $5.00 | ▼ −28.06% | ▼ −27.20% | $7.60 (+9.35%) |
Apr 17, 2026 27w ago | EFFECT | $6.66 $6.95 | ▲ +4.35% | ▼ −1.02% | $7.60 (+14.11%) |
US Market Status
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