Grayscale Solana Staking ETF filings document a Delaware trust sponsored by Grayscale Investments Sponsors, LLC, including registration-statement amendments for ETF shares and Form 8-K reports on material events. The records describe trust-agreement amendments, completed name changes from Grayscale Solana Trust (SOL) to Grayscale Solana Trust ETF and then to Grayscale Solana Staking ETF, sponsor fee terms, and governance by the sponsor and trustee.
The filings also cover the CoinDesk Solana Benchmark Rate used to calculate the trust’s Index Price. Material-event reports record changes in constituent digital asset trading platforms, including SOL-USD and SOL-USDC trading pairs, while registration materials describe the SOL industry and market, index methodology, and related trust disclosures.
Grayscale Solana Trust ETF filed an update explaining how it uses cashtags and third-party content on X (formerly Twitter). The sponsor, Grayscale Investments Sponsors, LLC, notes that when it uses a ticker symbol with a “$” on X, the platform automatically links that cashtag to pages showing market data, news, and other information created by third parties.
Grayscale emphasizes that it does not control, endorse, or take responsibility for any information displayed on those X-generated pages or on third-party sites accessed through them. It explains that this material is not authorized or verified by Grayscale and may differ from its official disclosures. Investors are directed to rely on Grayscale’s filings with the Securities and Exchange Commission for authoritative and up-to-date information about the trust and its products.
Grayscale Solana Trust ETF (GSOL) reports strong Q3 2025 results driven by Solana price gains. As of September 30, 2025, the Trust held 525,192.67 SOL with total assets and net assets of $109.7 million, up from $102.6 million at year-end 2024. Principal Market NAV per Share was $15.17 versus $14.33 at December 31, 2024, delivering a 31.57% total return for the quarter and 5.86% for the nine months.
All investment performance came from SOL price appreciation; the Trust recorded no investment income and incurred a net investment loss of $0.6 million in Q3 from the Sponsor’s Fee. Net realized and unrealized gains on SOL were $27.0 million in Q3 and $7.6 million for the nine months.
Key structural changes followed quarter-end: GSOL uplisted to NYSE Arca on October 29, 2025, began operating a creation and redemption program, reduced its Sponsor’s Fee from 2.5% to 0.35% of net assets, and the Sponsor approved a temporary fee waiver. The Trust also began staking SOL on October 6, 2025, with a portion of staking rewards allocated to service providers and the Sponsor, and the remainder retained by the Trust.
Grayscale Solana Trust ETF reported that CoinDesk Indices, Inc., the index provider for its benchmark, has updated the trading venues used to calculate the CoinDesk SOL CCIXber Reference Rate. Effective November 18, 2025, the index provider removed the itBit SOL-U.S. Dollar trading pair from the index after itBit failed to meet the provider’s conditions for inclusion and did not add any new platforms in its scheduled monthly review.
The index for SOL-USD trading pairs now uses Bitfinex, Bitstamp by Robinhood, Bullish, Crypto.com, Gemini, Kraken, LMAX Digital, and OKX. For SOL-U.S. Dollar Coin (USDC) trading pairs, it uses Bitstamp, Bullish, Bybit, Kraken, and OKX. The index provider states it may change trading venues or index calculation methods at any time, including during scheduled monthly reviews.
A selling stockholder filed a Form 144 notice to sell up to 6,950 shares of common stock, with an aggregate market value of $78,819.95. The planned sale is through Canaccord Genuity Inc. on the OTCQB, with an approximate sale date of 11/06/2025. The issuer reports 7,231,035 shares outstanding. These are secondary sales by the holder.
The shares to be sold were acquired on 01/18/2025 in a privately negotiated transaction from the issuer, with cash payment on 01/19/2025. Recent sales by Digital Currency Group, Inc. over the past three months include 7,110 shares on 10/29/2025 for $101,732.72 and 5,100 shares on 11/05/2025 for $59,670.00.
GSOL: A holder filed a Form 144 notice to sell 5,100 shares of common stock through Canaccord Genuity Inc., with an aggregate market value $59,670.00. The approximate sale date is 11/05/2025 on the OTCQB.
The shares were acquired on 01/18/2025 in a privately negotiated transaction from the issuer and paid in cash on 01/19/2025. Shares outstanding were 7,231,035.
Recent sales by the reporting holder include: 10/28/2025 387 ($5,665.68); 10/29/2025 7,110 ($101,732.72); 10/30/2025 7,110 ($94,786.96); 10/31/2025 7,110 ($95,849.91); 11/03/2025 5,000 ($60,670.0); 11/04/2025 5,100 ($58,242.0).
GSOL filed a Form 144 notice indicating a planned sale of 5,100 common shares through Canaccord Genuity Inc. on or about 11/04/2025 on the OTCQB. The filing lists an aggregate market value $58,242.00 for the proposed sale and shows 7,231,035 shares outstanding.
The seller reports these 5,100 shares were acquired on 01/18/2025 via a privately negotiated transaction, purchased from the issuer and paid in cash on 01/19/2025. The notice also discloses recent sales by the same selling party over the prior three months, including 7,110 shares on 10/29/2025 for $101,732.72 and 5,000 shares on 11/03/2025 for $60,670.00.
GSOL: A selling stockholder filed a Form 144 notice of proposed sale under Rule 144. The filer indicates an intent to sell up to 5,000 common shares, with an aggregate market value $60,670.00. The shares are slated for sale on the OTCQB through Canaccord Genuity Inc., with an approximate sale date of 11/03/2025.
The notice lists 7,231,035 shares outstanding. The 5,000 shares to be sold were acquired on 01/18/2025 via a privately negotiated transaction from the issuer and paid for in cash on 01/19/2025. The filing also shows recent activity by the same seller over the past three months, including transactions of 387 shares for $5,665.68 and 7,110 shares on multiple dates for proceeds of $94,786.96, $95,849.91, and $101,732.72.
Digital Currency Group, Inc. filed a Form 144 to sell 7,110 shares of GSOL common stock with an aggregate market value of $95,849.91. The planned sale, dated 10/31/2025, lists Canaccord Genuity Inc. as broker and the OTCQB as the exchange.
GSOL had 7,231,035 shares outstanding. Recent activity disclosed by the seller includes sales of 7,110 shares on 10/29/2025 and 10/30/2025, and 387 shares on 10/28/2025.
GSOL: A shareholder filed a Form 144 notice to sell 7,110 common shares with an aggregate market value of $94,786.96. The filing lists OTCQB as the exchange, an approximate sale date of 10/30/2025, and Canaccord Genuity Inc. as broker.
The shares were acquired in privately negotiated purchases from the issuer on 10/19/2024 (4,403 shares), 09/30/2023 (67 shares), and 01/18/2025 (2,640 shares), all for cash. Shares outstanding were 7,231,035, providing context for the potential sale size. The filing also lists recent sales over the past three months, including 387 shares on 10/28/2025 for $5,665.68 and 7,110 shares on 10/29/2025 for $101,732.72.
Digital Currency Group, Inc. filed a Form 144 notice to sell up to 7,110 shares of GSOL common stock through Canaccord Genuity Inc. on the OTCQB, with an approximate sale date of 10/29/2025.
The filing lists an aggregate market value of $101,732.72 for the proposed sale and notes 7,231,035 shares outstanding. The shares to be sold were acquired on 10/19/2024 in a privately negotiated transaction from the issuer for cash.
Over the past three months, the seller reported a prior sale of 387 shares of common stock for $5,665.68.