How does the new Jane Street agreement affect GSOL share transactions?

The updated agreement allows Jane Street Capital, LLC to conduct creations and redemptions of Grayscale Solana Staking ETF shares in-kind. This means Jane Street can exchange ETF shares directly for the underlying assets, rather than settling those primary-market transactions solely in cash.

Who is the sponsor of Grayscale Solana Staking ETF (GSOL)?

The sponsor is Grayscale Investments Sponsors, LLC. It acts on behalf of the Grayscale Solana Staking ETF in entering and amending Authorized Participant Agreements and is responsible for overseeing the trust’s key operational and administrative relationships described in this disclosure.

Grayscale Solana Staking ETF updates AP agreement

Grayscale Solana Staking ETF entered into amendments to its Authorized Participant Agreement with Jane Street Capital, LLC, allowing Jane Street to conduct creations and redemptions of shares in-kind.

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

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Form Type

8-K

Rhea-AI Filing Summary

Grayscale Solana Staking ETF entered into amendments to its Authorized Participant Agreement with Jane Street Capital, LLC, allowing Jane Street to conduct creations and redemptions of shares in-kind. These are the transactions through which large blocks of ETF shares are issued or retired.

The sponsor, Grayscale Investments Sponsors, LLC, also notes it may engage additional Authorized Participants over time. Those future participants may be able to conduct creations and redemptions in-kind, in cash, or using a combination of both methods.

8-K Event Classification

2 items: 1.01, 9.01

2 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 9.01 Financial Statements and Exhibits Exhibits

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

Key Terms

Authorized Participant Agreement, creations and redemptions in-kind, Transfer Agent, Emerging growth company

4 terms

Authorized Participant Agreement financial

"Amendment No. 3 to Authorized Participant Agreement"

creations and redemptions in-kind financial

"able to conduct creations and redemptions in-kind"

Transfer Agent financial

"the Trust, and the Transfer Agent entered into amendments"

A transfer agent is a financial service that keeps the official record of who owns a company's shares, handles the buying and selling of those shares on paper or electronically, and issues or cancels stock certificates. Think of it as the company’s records keeper and mailroom combined—investors rely on it to make sure dividends, shareholder mailings, ownership changes, and proxy voting are processed accurately and securely, which protects ownership rights and helps prevent errors or fraud.

Emerging growth company regulatory

"Emerging growth company Item 1.01."

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Grayscale Solana Staking ETF (GSOL) change in this 8-K?

Grayscale Solana Staking ETF amended its Authorized Participant Agreement with Jane Street Capital, LLC. The change lets Jane Street handle creations and redemptions of ETF shares in-kind, which are the primary mechanisms through which large institutional trades are processed for the fund.

Can other firms become Authorized Participants for Grayscale Solana Staking ETF (GSOL)?

Yes. The sponsor states it may engage additional Authorized Participants in the future. Those firms may be able to conduct creations and redemptions for Grayscale Solana Staking ETF either in-kind, in cash, or using both approaches, depending on their specific agreements.

What is an Authorized Participant Agreement for GSOL?

An Authorized Participant Agreement governs how selected institutions interact directly with Grayscale Solana Staking ETF. It sets the terms under which they can create new ETF shares or redeem existing ones, including whether those primary-market transactions occur in-kind, in cash, or a mix of both.

What exhibits were filed with the GSOL 8-K about the agreement changes?

The filing includes a Form of Participant Agreement as Exhibit 10.1, Amendment No. 3 to the Authorized Participant Agreement as Exhibit 10.2, Amendment No. 4 to the Authorized Participant Agreement as Exhibit 10.3, and the cover page interactive data file as Exhibit 104.

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

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Accepted by SEC EDGAR 05/13/2026 - 05:05 PM EDT

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): May 7, 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.

Authorized Participant Agreements

Grayscale Investments Sponsors, LLC, as sponsor (the "Sponsor") on behalf of the registrant (the "Trust"), and the Transfer Agent entered into amendments to its Participant Agreement with Jane Street Capital, LLC, pursuant to which such entity is able to conduct creations and redemptions in-kind. The Sponsor may engage additional Authorized Participants in the future, and such Authorized Participants may be able to conduct creations and redemptions in-kind, in cash, or both.

The foregoing description is a summary and is qualified in its entirety by the Form of Participant Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits


Exhibit No.		Description
10.1		Form of Participant Agreement
10.2		Amendment No. 3 to Authorized Participant Agreement
10.3		Amendment No. 4 to Authorized Participant 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:	May 13, 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

4 documents