Grayscale has filed with the Securities and Exchange Commission to convert its Solana Shocking ETF into a product that pays shareholders regularly. The Fund has specified modifications to the GSOL, allowing it to convert collection awards into cash at least once per quarter and pay the net proceeds to stakeholders.
Grayscale Asset Manager filed the new proposal with the Securities and Exchange Commission this week. The filing sought to change the ETF’s original structure, requiring the fund to convert its accumulated profits into cash at least quarterly.
The company aims to distribute these proceeds, after deducting expenses, to shareholders.
Grayscale is restructuring GSOL to offer recurring rewards
Graskill It began holding all of its SOL holdings, and these staking rewards currently yield approximately 6.1% annually, according to filings. Under the old structure, the return accumulated within the fund was gradually reflected in the net asset value.
However, under the new Suggested Under the trust agreement, Grayscale will liquidate those rewards into dollars on a quarterly basis, subtract trust expenses and sponsor fees, and distribute the profits directly to investors.
The SEC filing is careful to note that no one should expect a fixed payout. The amount to be distributed will depend on the amount of collection actually received by the trust during each period and cannot be predicted with certainty.
Depending on the deposit, the amount that will be paid each quarter will vary depending on Auditor performance on Solana The prevailing cadastral yield at that time.
Grayscale used the same filing to formalize the fee changes that had already begun to be implemented in phases before the amendment was announced. Sponsor fees decreased from 0.35% to 0.19% as of June 25. Grayscale also reduced mortgage fees from 23% to 7%, increasing potential payouts for investors.
However, Grayscale also noted that the new structure could result in different tax implications for investors. The Company advised its shareholders to consult with their tax advisors about the consequences of the new fund agreements.
the Suggested The changes will be effective August 7, giving shareholders a few weeks to evaluate what Solana’s quarterly income stream actually means for their portfolios.
Grayscale SOL ETF
Grayscale launched the SOL ETF in November 2021 as a private placement and spent years trading over-the-counter before finally listing on NYSE Arca on October 29, 2025. The fund gave ordinary investors direct access to the exchange, and shortly after that transition, Grayscale began storing its own SOL.
Earlier in January of that year, Grayscale had already implemented the same strategy for its ETH ETF, making implementing a SOL ETF more than simply copying and pasting a scheme that already works.
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