Grayscale Restructures GSOL Solana ETF to Pay Quarterly Cash Rewards

• Grayscale has changed how it distributes quarterly cash rewards through its Solana Staking ETF.
• At the same time, the company reduced management and staking fees to maximize net shareholder profits.

On July 17, 2026, the digital asset management firm Grayscale filed a full prospectus supplement. The firm is making changes in the operation of its key financial product. An amended version of the trust agreement for Grayscale Solana Staking ETF (GSOL) has been created. This major change introduces a compulsory distribution of accumulated quarterly cash rewards directly to fund holders.

The changes will be introduced officially on the market on or about August 7, 2026. Previously, the financial instrument was accumulating all staking rewards within the fund to grow its value. Now, the new rule implies that all the digital tokens obtained should be converted to US dollars.

One hundred percent of the fund’s Solana tokens are used as collateral to earn money for the investors. At present, the total staking income earned by the fund is 6.1% gross yearly on the asset. Expenses associated with the running of the trust and other sponsor fees will be deducted from the net cash amount.

Drastic Reduction in Fees Enhances Investor Returns

In order to make sure that the fund attracts many investors, Grayscale made major cuts in the cost structure of the fund. The annual management fee was decreased from 0.35% to 0.19% in June. More importantly, Grayscale made dramatic reductions in the internal staking fee rate, which was cut from 23% to 7%.

The dramatic decrease results in the trust having significantly smaller profits from the earnings it regularly gains. The shareholders will benefit from a much bigger part of the earnings coming from the network in the future. Nevertheless, the management clearly states that the payments may change depending on the network environment.

The move is made after the successful execution of the strategy that was created by Grayscale regarding its Ethereum Staking ETF. The company first issued GSOL as a privately placed fund back in November 2021. The trust later became listed on the prestigious NYSE Arca on October 29, 2025. 

The new structure poses a direct threat to other competitors with their similar market products, such as the REX-Osprey SOL Plus Staking ETF. The financial experts mention that there are different implications when it comes to ordinary income tax with respect to the staking crypto payments.

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