Grayscale's Solana Trust ETF (GSOL) debuted on NYSE Arca on October 29, 2025, despite unverified claims of a 77% staking reward, which were not officially corroborated.
The launch marks Grayscale's strategic exploration into Solana's market, yet stakeholders remain cautious about the circulating unsubstantiated yield claims, focusing on typical Solana network returns instead.
Grayscale Solana ETF Trades Amid Staking Reward Discrepancies
Grayscale’s Solana Trust ETF officially started trading on NYSE Arca. However, reports of a 77% staking reward are unsubstantiated in official documents. This discrepancy has caused confusion among investors.
Grayscale, led by CEO Michael Sonnenshein, focuses on the trust’s listing details. Notably, no direct social media statements support the staking claims, while listings emphasize competitive fees.
Unverified Staking Claims Challenge Market Perceptions
Investors eagerly awaited Grayscale’s latest offering amid market optimism. However, the lack of confirmed staking rewards could affect long-term investor sentiments and SOL’s market dynamics.
The absence of high APY claims in official literature, as noted in the Grayscale GSOL Fact Sheet, challenges the market expectation, potentially limiting investor inflows initially and shaping conversations on ROI expectations.
Grayscale’s Past Funds Show Market Activity Boost
Grayscale’s earlier funds, such as GBTC and ETHE, show that public listings increase market activity, yet previous offerings did not advertise staking rewards as high as 77%.
Analysis indicates that Solana’s market could see temporary volatility. Experts caution investors to rely on verified sources rather than market speculation for their investment strategies.
“Effective as of 10/29/2025, the Fund established an ongoing share creation and redemption program and the shares of the Trust were listed to NYSE Arca.”
— Michael Sonnenshein, CEO, Grayscale