Grayscale Solana Staking ETF to Distribute Quarterly Cash Rewards

Grayscale filed a Third Amended and Restated Trust Agreement for its Solana Staking ETF (ticker GSOL). The amendment requires the fund to convert staking rewards into U.S. dollars and pay the net proceeds to shareholders at least once each quarter, with the first distributions expected around August 7, 2026. The ETF stakes 100 % of its SOL holdings, generating roughly 6.1 % annual gross rewards. Under the new terms, sponsor fees were cut from 0.35 % to 0.19 % and the staking fee reduced from 23 % to 7 %, allowing investors to retain a larger share of the yield. Quarterly cash payouts are not guaranteed; amounts will vary with Solana network conditions, validator performance and prevailing staking yields. The cash‑distribution model mirrors a similar structure Grayscale applied to its Ethereum Staking ETF earlier this year.