$SOL โ GSOL lists on NYSE Arca with staking and a 0.35% fee
๐ GSOL began trading on NYSE Arca on 29/10/2025, providing exposure to SOL while compounding staking rewards into NAV, fitting investors who want on-chain exposure without managing wallets or validators.
๐ Initial scale is moderate with AUM around $101 million, holding roughly 525,000 SOL (~0.0726 SOL per share), a market price near $14 with a very thin premium/discount to NAV; first-day liquidity reached a few hundred thousand shares, indicating early interest but not a breakout.
๐ก The highlight is staking as the fund delegates roughly three quarters of its SOL, reinvesting rewards for a compounding effect; Grayscale retains a portion to cover operating costs and distributes the remainder to investors, implying an expected net yield around 5โ6% depending on network performance.
๐ In the competitive backdrop, GSOLโs day-one net inflow was modest at about $1.4 million while rival BSOL drew stronger flows; the launch window during constrained regulator operations and cautious sentiment likely contributed, and the fee race plus reward-sharing policies will continue to shape market share.
โ ๏ธ Risk is higher than with traditional ETFs since the product is not governed by the Investment Company Act of 1940; the premium/discount can swing, staking introduces lock-ups and technical risks tied to the network/validators/custodian, and SOLโs price volatility feeds directly into NAV.
