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GSOL vs SOEZ

Grayscale Solana Staking ETF

GSOLANYSE Arca

Franklin Solana ETF

SOEZANYSE Arca

Overlap

Expense ratio

Same figure. Both funds show the same value, so neither comes out ahead.

GSOL0.19%SOEZ0.19%

Avg volume · 30D

GSOL 264.0×the volume

GSOL3.46MSOEZ13.1K

GSOL vs SOEZ Performance

Dec 31, 2025 – Oct 30, 2026

−20.6%GSOL−20.5%SOEZ

Dec 31, 2025 to Oct 30, 2026. GSOL −20.6%. SOEZ −20.5%. Use the arrow keys to read each point.−40%−10%0%10%20%Dec 2025Jun 2026Oct 2026
Expense ratio
GSOL 0.19%
SOEZ 0.19%
Fund size
GSOL $140M
SOEZ $14M
1Y total return
GSOL −47.4%
SOEZ No data
Holdings
GSOL 1
SOEZ 1
Avg volume (30D)
GSOL 3.46M sh, better
SOEZ 13.1K sh
NAV per share
GSOL $7.17
SOEZ $16.30
52W range

ETF.net Grade

GSOL: Cost 74, Risk 21, Mission 100, Tradability 82, Holdings not scored, Durability 77. SOEZ: Cost 74, Risk 55, Mission 100, Tradability 39, Holdings not scored, Durability 46.
Pillar letters and Scores for GSOL, SOEZ, with each pillar’s weight
PillarGSOLSOEZ
Cost30% weightA74A74
Mission25% weightA100A100
Risk15% weightF21B55Higher
Tradability15% weightA82HigherD39
Holdings10% weightNot scoredNot scored
Durability5% weightA77HigherC46

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 SOEZ 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 ›

GSOL ranks 2nd and SOEZ 4th 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
  4. Rank 4ASOEZFranklin Solana ETFScore 70
  5. Rank 5BVSOLVanEck Solana ETFScore 62

Our read on each fund

ETF.net Research

GSOLAGrayscale Solana Staking ETF

SOEZAFranklin Solana ETF

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%.

SOEZ Franklin's entry into the spot Solana pile-up: one asset, no derivatives, staking switched on up to 100% where practicable, at 0.19% with no fee waiver propping up the number.

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.

SOEZ The Fund seeks to track the price performance of Solana, before deducting its expenses.

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.
  • SOEZ 0.19% gross and net, no waiver doing the work. That undercuts same-index rivals TSOL (0.21%), VSOL (0.30%) and SOLC (0.50%), and matches GSOL (0.19%).
  • Seeks to stake as much of the fund's Solana as is practicable, up to 100%, with rewards received back in SOL tokens.franklintempleton.com
  • Plain plumbing: Solana held by a custodian, no leverage and no derivatives in the strategy. One asset, nothing else riding along.sec.gov
  • Sits in the upper half of its spot Solana peer group while doing exactly what the prospectus says: track Solana's price before expenses.

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.
  • SOEZ Staked coins aren't instantly liquid. The sponsor expects two to three days to unstake in normal conditions, and may extend settlement or suspend redemptions under stress.sec.gov
  • Cheaper exists in the category: MSOL charges 0.14%. SOEZ lands near the peer-group median fee rather than below it.
  • Small and thinly traded, so trading costs can run wider than at the category's heavyweights.

Full GSOL profile⁠

Full SOEZ profile⁠

GSOL vs SOEZ 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 SOEZ Cost

Same expense ratio

$3,952

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

  • GSOL 0.19%

    $3,952

  • SOEZ 0.19%

    $3,952

$10,000
30 years

Cost over time

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

Year by year

YearGSOLSOEZ
10$347$347
20$1,351$1,351
30$3,952$3,952

Expense ratio

  • 0.19%GSOL
  • 0.19%SOEZ
  • Middle half of Spot Solana funds
  • Median 0.21%

GSOL 2nd cheapest of 9 funds

SOEZ 2nd cheapest of 9 funds

GSOL vs SOEZ Dividends

Last 12 months to Oct 30, 2026
Last payment
GSOL $0.03
SOEZ $0.07
Ex-dividend
GSOL Oct 5, 2026
SOEZ Oct 19, 2026
Paid on
GSOL Oct 6, 2026
SOEZ Oct 20, 2026
Frequency
GSOL Monthly
SOEZ Monthly

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$0.102026YTD
SOEZMonthly · 8 paymentsAll SOEZ payments⁠
One bar per payment. 8 payments in 2026 YTD. Mar 23, 2026 $0.01; Apr 20, 2026 $0.02; May 18, 2026 $0.04; Jun 15, 2026 $0.04; Jul 20, 2026 $0.12; Aug 17, 2026 $0.06; Sep 21, 2026 $0.07; Oct 19, 2026 $0.07. Use the arrow keys to read each point.$0$0.102026YTD

GSOL vs SOEZ 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%SOEZ No data
Return per unit of riskSharpe ratio, 3 years
GSOL 0.09SOEZ No data
Worst fallMax drawdown, 5 years
GSOL −99.1%since Apr 2023SOEZ No data
Market sensitivityBeta, 5 years
GSOL 2.24SOEZ 0.60

GSOL and SOEZ in the news

All news⁠

Popular comparisons

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    Expense ratio
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