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Grayscale announces that it will waive management fees for the Solana ETF until the fund's Assets Under Management reaches 1 billion USD.
BlockBeats news, on November 5th, according to official news, the digital asset investment platform Grayscale Investments announced today that it will waive the sponsor fees for the Grayscale Solana Trust ETF (code: GSOL) and drop the related fees during the staking period for a maximum of three months, or until the fund's Assets Under Management (AUM) reaches 1 billion USD, 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 as well as existing GSOL investors.