- Grayscale Solana Trust ETF begins trading on NYSE Arca under ticker GSOL.
- Product passes 77% of staking rewards to investors on a net basis through NAV capture.
- Grayscale becomes among the largest Solana ETP managers in the U.S. by AUM.
Grayscale Investments has launched the Solana Trust ETF under ticker GSOL, which began trading on NYSE Arca as an exchange-traded product. The launch is the first of Grayscale’s staking products to list under new generic listing standards approved by the Securities and Exchange Commission (SEC).
GSOL provides investors with exposure to Solana and also includes staking functionality. The product captures staking returns in net asset value (NAV) and allows investors to potentially compound gains over time. Grayscale intends to pass 77% of all staking rewards to GSOL investors on a net basis.
Staking Feature Differentiates Product Structure
The Solana Trust ETF operates as an exchange-traded product not registered under the Investment Company Act of 1940. This structure differs from registered ETFs and mutual funds and carries distinct regulatory frameworks and protections. Grayscale notes that investments in GSOL involve risk, including possible principal loss, and holdings in the product do not constitute direct Solana ownership.
GSOL originally launched in 2021, was listed on OTCQX in 2023, and began incorporating staking in October 2025. The NYSE Arca listing marks the product’s transition to exchange trading, with staking capabilities integrated into its structure.
Grayscale’s launch makes the firm among the largest Solana ETP managers in the United States by assets under management (AUM). The company cited its experience managing Bitcoin and Ethereum products as the foundation for expanding into additional digital assets.
“Today’s GSOL launch underscores our conviction that the modern portfolio includes digital asset exposure for growth and diversification alongside equities, bonds, and alternatives,” stated Inkoo Kang, Senior Vice President of ETFs at Grayscale. The executive called Bitcoin and Ethereum ETPs as initial steps, with GSOL expanding investor options through institutional infrastructure.
Related: Solana Price Prediction: SEC ETF Approval Sets Stage For $225 Breakout
Network Participation Creates Additional Value
Kristin Smith, President of Solana Policy Institute, emphasized the staking component’s role beyond basic exposure. “Through staking in these products, investors aren’t just gaining exposure; they also have the opportunity to help secure the network,” Smith stated.
The staking mechanism allows GSOL holders to participate in network validation and receive rewards through the fund structure. This differs from spot holding products that provide only price exposure without network participation benefits.
Grayscale emphasized that the product delivers exchange-listed access to Solana through a format familiar to advisors and institutional investors. As digital asset allocations expand across retail and institutional portfolios, the company is calling GSOL a vehicle combining Solana exposure with staking rewards through an institutional framework.
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Source: https://coinedition.com/grayscale-launches-solana-trust-etf-with-staking-rewards-on-nyse-arca/
