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Grayscale’s Solana staking ETF will change to distributing staking rewards quarterly, and the fee rate will be lowered to 0.19%.

PANews
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PANews July 18 news, citing Cryptopolitan, Grayscale has filed amended documents with the U.S. Securities and Exchange Commission (SEC), changing its Solana staking ETF “GSOL” so that staking rewards are converted into cash each quarter and distributed to shareholders, with an annualized yield of about 6.1%. Previously, staking earnings were reflected gradually in the fund’s net asset value and were not distributed directly. The new protocol will take effect on August 7. The management fee will be reduced from 0.35% to 0.19%, and the staking fee from 23% to 7%. Grayscale previously applied the same strategy to its ETH ETF.
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