Grayscale Cuts Solana ETF Fee to 0.19%, Shifts to Quarterly Reward Payouts

ETH-1.67%
According to Cryptopolitan, Grayscale submitted a revised filing to the U.S. Securities and Exchange Commission on July 18 to convert quarterly staking rewards from its Solana staking ETF (GSOL) into cash distributions to shareholders, offering an estimated 6.1% annualized yield. The new structure takes effect August 7. Management fees drop from 0.35% to 0.19%, while staking fees fall from 23% to 7%. Previously, staking rewards accumulated within the fund's net asset value. Grayscale has applied a similar strategy to its Ethereum ETF.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments