Grayscale Solana Staking ETF (NYSE: GSOL) slashes sponsor and staking fees

(Moderate)

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Grayscale Solana Staking ETF is cutting key fees after entering Amendment No. 3 to its Trust Agreement. Effective June 25, 2026, the annual Sponsor’s Fee is reduced from 0.35% to 0.19% of the aggregate value of the Trust’s assets.

The Sponsor has also lowered the Sponsor’s Staking Fee from 23% to 7% of gross Staking Consideration generated under its staking arrangements. The Trust plans to file a prospectus supplement reflecting these lower fees, which should make the ETF structurally cheaper for investors.

Positive

Significant fee reduction: Annual Sponsor’s Fee cut from 0.35% to 0.19% of assets and Sponsor’s Staking Fee cut from 23% to 7% of gross Staking Consideration, materially lowering ongoing costs to shareholders.

Negative

None.

Insights

GSOL sharply cuts both management and staking-related fees, improving cost competitiveness.

The ETF is reducing its annual Sponsor’s Fee from 0.35% to 0.19% of assets and its Sponsor’s Staking Fee from 23% to 7% of gross Staking Consideration, effective June 25, 2026. These changes are formalized via Amendment No. 3 to the Trust Agreement.

Lower ongoing fees mean a greater share of Solana price and staking returns can accrue to shareholders rather than the Sponsor, assuming similar asset levels and staking yields. The Trust intends to file a prospectus supplement dated to its April 16, 2026 base prospectus so investors can see the updated fee schedule in offering materials.

Subsequent disclosures in periodic reports and future prospectus updates may show how these lower fees affect net performance versus comparable crypto and Solana-focused products. Competitive responses from other sponsors, if any, would be visible only through their own fee updates.

8-K Event Classification

3 items: 1.01, 8.01, 9.01

3 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Old Sponsor’s Fee: 0.35% of assets New Sponsor’s Fee: 0.19% of assets Old Sponsor’s Staking Fee: 23% of gross Staking Consideration +3 more

6 metrics

Old Sponsor’s Fee 0.35% of assets Annual fee before Amendment No. 3

New Sponsor’s Fee 0.19% of assets Annual fee effective June 25, 2026

Old Sponsor’s Staking Fee 23% of gross Staking Consideration Staking-related fee before amendment

New Sponsor’s Staking Fee 7% of gross Staking Consideration Staking-related fee effective June 25, 2026

Amendment date June 25, 2026 Date Amendment No. 3 entered

Base prospectus date April 16, 2026 Base prospectus to be supplemented

Key Terms

Sponsor’s Fee, Sponsor’s Staking Fee, Staking Consideration, prospectus supplement, +1 more

5 terms

Staking Consideration financial

"7% of gross Staking Consideration generated under the Staking Arrangements"

prospectus supplement regulatory

"The Trust intends to file a prospectus supplement to its base prospectus"

A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.

Declaration of Trust and Trust Agreement regulatory

"Second Amended and Restated Declaration of Trust and Trust Agreement"

FAQ

What fee changes did Grayscale Solana Staking ETF (GSOL) announce?

The ETF is cutting its annual Sponsor’s Fee to 0.19% from 0.35% of assets and reducing the Sponsor’s Staking Fee to 7% from 23% of gross Staking Consideration, effective June 25, 2026.

When do the new lower fees for GSOL take effect?

The reduced Sponsor’s Fee and Sponsor’s Staking Fee both take effect on June 25, 2026. These changes are implemented through Amendment No. 3 to the Second Amended and Restated Declaration of Trust and Trust Agreement.

How much is GSOL’s new annual Sponsor’s Fee after the amendment?

GSOL’s new annual Sponsor’s Fee is 0.19% of the aggregate value of the Trust’s assets. This is a reduction from the prior 0.35% level specified in the Trust Agreement before Amendment No. 3.

What is changing in GSOL’s Sponsor’s Staking Fee structure?

The Sponsor’s Staking Fee is being reduced to 7% from 23% of gross Staking Consideration generated under the staking arrangements. This lowers the portion of staking rewards retained by the Sponsor and may increase the share available to the Trust.

How will GSOL disclose the updated fees to investors?

The Trust intends to file a prospectus supplement to its base prospectus dated April 16, 2026 under Rule 424(b)(3). That supplement will reflect the reduced Sponsor’s Fee and Sponsor’s Staking Fee described in the amended Trust Agreement.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Understanding 8-K Material Events →

Available on EDGAR 06/25/2026 - 07:33 AM Accepted by SEC EDGAR 06/25/2026 - 07:33 AM

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

     Date of Report (Date of earliest event reported): June 25, 2026

    

Grayscale Solana Staking ETF

(Exact name of Registrant as Specified in Its Charter)


Delaware	001-42920	87-6771043
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

c/o Grayscale Investments Sponsors, LLC 290 Harbor Drive, 4th Floor
Stamford, Connecticut		06902
(Address of Principal Executive Offices)		(Zip Code)

     Registrant’s Telephone Number, Including Area Code: 212 668-1427

    

     Grayscale Solana Trust ETF

    

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


	☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
	☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
	☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
	☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Grayscale Solana Staking ETF Shares	GSOL	NYSE Arca, Inc.

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01. Entry into a Material Definitive Agreement.

Amendment to the Trust Agreement

On June 25, 2026, Grayscale Investments Sponsors, LLC (the “Sponsor”), as sponsor of Grayscale Solana Staking ETF (the “Trust”), and CSC Delaware Trust Company, the trustee (the “Trustee”) of the Trust, entered into Amendment No. 3 (the “Amendment No. 3”) to the Second Amended and Restated Declaration of Trust and Trust Agreement (the “Trust Agreement”). The Trust Agreement was originally dated September 19, 2025 and was previously amended by Amendment No. 1 to the Second Amended and Restated Declaration of Trust and Trust Agreement, dated October 27, 2025, and Amendment No. 2 to the Second Amended and Restated Declaration of Trust and Trust Agreement, dated January 2, 2026.

Amendment No. 3 reduces the annual Sponsor’s Fee from 0.35% to 0.19% of the aggregate value of the Trust’s assets, effective as of June 25, 2026.

The foregoing description of Amendment No. 3 does not purport to be complete and is qualified in its entirety by reference to the full text of Amendment No. 3, a copy of which is attached hereto as Exhibit 4.1 and is incorporated herein by reference.

Item 8.01. Other Events.

As disclosed in Item 1.01 above, the Sponsor’s Fee has been reduced from 0.35% to 0.19% per annum. The Sponsor has also reduced the Sponsor’s Staking Fee from 23% to 7% of gross Staking Consideration generated under the Staking Arrangements, effective as of June 25, 2026.

The Trust intends to file a prospectus supplement to its base prospectus, dated as of April 16, 2026, pursuant to Rule 424(b)(3) under the Securities Act reflecting the reduced Sponsor’s Fee and Sponsor’s Staking Fee.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits


Exhibit No.		Description
4.1		Amendment No. 3 to the Second Amended and Restated Declaration of Trust and Trust Agreement
104		Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.


			Grayscale Investments Sponsors, LLC, as Sponsor of Grayscale Solana Staking ETF

Date:	June 25, 2026	By:	/s/ Edward McGee
			Name: Edward McGee Title: Chief Financial Officer (Principal Financial and Accounting Officer)*

* The Registrant is a trust and the identified person signing this report is signing in their capacity as an authorized officer of Grayscale Investments Sponsors, LLC, the Sponsor of the Registrant.

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

2 documents