Grayscale's Solana Staking ETF (GSOL) will start paying quarterly cash distributions of staking rewards beginning around August 7, 2026. The amendment requires liquidating staking rewards into cash before passing net proceeds to shareholders.
GSOL stakes all its Solana holdings, generating about 6.1% annual gross rewards. These rewards will now be converted to US dollars quarterly, with expenses and fees deducted before distribution. Distributions will vary because rewards depend on Solana’s network conditions and validator performance.
In addition to the new cash distribution policy, Grayscale reduced its sponsor fee from 0.35% to 0.19% effective June 25, 2026. More significantly, the staking fee, which is Grayscale's cut from gross rewards, fell from 23% to 7%. Previously the fund retained nearly a quarter of staking rewards; now the lower fee means more yield reaches investors.
GSOL began as a private placement in November 2021 and became available on NYSE Arca on October 29, 2025, providing retail investors with exchange access. The cash payout model follows similar changes made to Grayscale’s Ethereum Staking ETF earlier this year.
GSOL will compete with the REX-Osprey SOL + Staking ETF (SSK), which already offers monthly distributions. Investors should also note that cash distributions have tax consequences, and the fund advises consulting tax professionals.
