Grayscale files amendment for Solana ETF to distribute staking rewards quarterly

Crypto asset manager Grayscale has filed an amendment with the U.S. SEC for its Solana staking ETF, GSOL, to liquidate staking rewards into cash at least quarterly and distribute them directly to shareholders, Cryptopolitan reported. Under the proposal, shareholders would receive staking rewards in U.S. dollars after certain expenses are deducted from GSOL’s annual staking yield of about 6.1%. The filing also includes plans to cut the management fee to 0.19% from 0.35% and the staking fee to 7% from 23%.