Grayscale Announces Zero Solana Trust Management Fee Until Fund AUM Reaches $1 Billion

BlockBeats News, November 5th, according to official sources, digital asset investment platform Grayscale Investments today announced that it will waive the sponsor fee for the Grayscale Solana Trust ETF (ticker: GSOL) and reduce related fees during the staking period, for a maximum of three months, or until the fund's assets under management (AUM) reach $1 billion, whichever comes first.

The fund has now staked up to 100% of SOL, providing a staking yield of 7.23%. The fee waiver policy applies to new investors and existing GSOL investors.