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GSOL vs MSOL

Grayscale Solana Staking ETF

GSOLANYSE Arca

Morgan Stanley Solana Trust

MSOLANYSE Arca

Overlap

Expense ratio

MSOL −0.05pt a year

GSOL0.19%MSOL0.14%

Avg volume · 30D

GSOL 83.3×the volume

GSOL3.46MMSOL41.6K

GSOL vs MSOL Performance

Jul 31, 2026 – Oct 30, 2026

+31.1%GSOL+30.6%MSOL

Jul 31, 2026 to Oct 30, 2026. GSOL +31.1%. MSOL +30.6%. Use the arrow keys to read each point.0%40%60%Jul 2026Sep 2026Oct 2026
Expense ratio
GSOL 0.19%
MSOL 0.14%, better
Fund size
GSOL $140M
MSOL $48M
1Y total return
GSOL −47.4%
MSOL No data
Holdings
GSOL 1
MSOL 1
Avg volume (30D)
GSOL 3.46M sh, better
MSOL 41.6K sh
NAV per share
GSOL $7.17
MSOL $25.61
52W range

ETF.net Grade

GSOL: Cost 74, Risk 21, Mission 100, Tradability 82, Holdings not scored, Durability 77. MSOL: Cost 94, Risk 93, Mission not scored, Tradability 62, Holdings 56, Durability 47.
Pillar letters and Scores for GSOL, MSOL, with each pillar’s weight
PillarGSOLMSOL
Cost30% weightA74A94Higher
Mission25% weightA100Not scored
Risk15% weightF21A93Higher
Tradability15% weightA82HigherB62
Holdings10% weightNot scoredB56
Durability5% weightA77HigherC47

Rank among Spot Solana funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. GSOL and MSOL are both graded against the same 9 Spot Solana funds, so their Grades compare head to head.

Spot Solana⁠

Category · 9 funds
See all 9 ›

MSOL ranks 1st and GSOL 2nd of 9 funds in the Spot Solana Category.

  1. Rank 1AMSOLMorgan Stanley Solana TrustScore 82
  2. Rank 2AGSOLGrayscale Solana Staking ETFScore 73
  3. Rank 3ABSOLBitwise Solana Staking ETFScore 71

Our read on each fund

ETF.net Research

GSOLAGrayscale Solana Staking ETF

MSOLAMorgan Stanley Solana Trust

In short

GSOL Grayscale ran a Solana trust back in 2021, long before spot Solana ETFs existed. GSOL is that vehicle grown up: NYSE Arca listed, staking the SOL it holds, priced at 0.19%.

MSOL No data

Stated mandate

GSOL The Trust is designed to passively track the value of Solana held by it, including Solana earned through staking, after expenses and liabilities.

MSOL No data

Why people hold it

  • GSOL 0.19% a year, below the median fee among spot Solana funds.
  • The coins work. The trust is designed to track the value of the Solana it holds, including Solana earned through staking, after expenses, so rewards compound inside the fund.
  • Long lineage for a crypto product: the trust dates to 2021 and was the first Grayscale staking vehicle to uplist to NYSE Arca under the SEC's new generic listing standards.davispolk.com
  • Sits in the upper half of its Solana cohort and stays tight to its stated mandate of passively tracking the Solana it holds.

MSOL No data

Worth knowing

  • GSOL One token, no cushion. The whole position tracks SOL, and single-asset crypto moves hard in both directions.
  • Staking rewards land in the fund's value, not your cash account. Distributions are annual or semiannual, not a regular income stream.
  • The Solana shelf is priced tightly: BSOL at 0.20% and TSOL at 0.21% sit within a couple of basis points, so the fee edge here is thin.

MSOL No data

Full GSOL profile⁠

Full MSOL profile⁠

GSOL vs MSOL Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

GSOL vs MSOL Cost

Overpaying GSOL vs MSOL

$1,020

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • GSOL 0.19%

    $3,952

  • MSOL 0.14%

    $2,932

$10,000
30 years

Cost over time

  • GSOL 0.19%
  • MSOL 0.14%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K051015202530GSOL $3,952MSOL $2,932

Year by year

YearGSOLMSOLOverpaying
10$347$256$91
20$1,351$1,000$351
30$3,952$2,932$1,020

Expense ratio

  • 0.19%GSOL
  • 0.14%MSOL, cheaper
  • Middle half of Spot Solana funds
  • Median 0.21%

MSOL cheapest of 9 funds

GSOL 2nd cheapest of 9 funds

GSOL vs MSOL Dividends

Last 12 months to Oct 30, 2026
Last payment
GSOL $0.03
MSOL $0.05
Ex-dividend
GSOL Oct 5, 2026
MSOL Oct 19, 2026
Paid on
GSOL Oct 6, 2026
MSOL Oct 20, 2026
Frequency
GSOL Monthly
MSOL Irregular

Distribution history

Per share, 2026, same scale for both

GSOLMonthly · 2 paymentsAll GSOL payments⁠
One bar per payment. 2 payments in 2026 YTD. Sep 3, 2026 $0.03; Oct 5, 2026 $0.03. Use the arrow keys to read each point.$0$0.052026YTD
MSOLIrregular · 4 paymentsAll MSOL payments⁠
One bar per payment. 4 payments in 2026 YTD. Sep 3, 2026 $0.06; Sep 17, 2026 $0.04; Oct 5, 2026 $0.07; Oct 19, 2026 $0.05. Use the arrow keys to read each point.$0$0.052026YTD

GSOL vs MSOL Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
GSOL 117.1%MSOL No data
Return per unit of riskSharpe ratio, 3 years
GSOL 0.09MSOL No data
Worst fallMax drawdown, 5 years
GSOL −99.1%since Apr 2023MSOL No data
Market sensitivityBeta, 5 years
GSOL 2.24MSOL 0.00

GSOL and MSOL in the news

All news⁠

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