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GSOL vs SOLC

Grayscale Solana Staking ETF

GSOLANYSE Arca

Canary Marinade Solana ETF

SOLCCNasdaq

Overlap

100%by weight

Expense ratio

GSOL −0.31pt a year

GSOL0.19%SOLC0.50%

Avg volume · 30D

GSOL 452.1×the volume

GSOL2.94MSOLC6.51K

GSOL vs SOLC Performance

Dec 31, 2025 – Nov 9, 2026

−27.2%GSOL−26.8%SOLC

Dec 31, 2025 to Nov 9, 2026. GSOL −27.2%. SOLC −26.8%. Use the arrow keys to read each point.0%20%Dec 2025Jun 2026Nov 2026
Expense ratio
GSOL 0.19%, better
SOLC 0.50%
Fund size
GSOL $120M
SOLC $3M
1Y total return
GSOL −44.4%
SOLC No data
Holdings
GSOL 1
SOLC 1
Avg volume (30D)
GSOL 2.94M sh, better
SOLC 6.51K sh
NAV per share
GSOL $6.54
SOLC $18.28
52W range

ETF.net Grade

GSOL: Cost 74, Risk 24, Mission 100, Tradability 82, Holdings not scored, Durability 77. SOLC: Cost 21, Risk 54, Mission 100, Tradability 27, Holdings not scored, Durability 22.
Pillar letters and Scores for GSOL, SOLC, with each pillar’s weight
PillarGSOLSOLC
Cost30% weightA74HigherF21
Mission25% weightA100A100
Risk15% weightF24C54Higher
Tradability15% weightA82HigherD27
Holdings10% weightNot scoredNot scored
Durability5% weightA77HigherF22

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 SOLC 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 SOLC 9th of 9 funds in the Spot Solana Category.

  1. Rank 1AMSOLMorgan Stanley Solana TrustScore 82
  2. Rank 2AGSOLGrayscale Solana Staking ETFScore 74
  3. Rank 3ASOEZFranklin Solana ETFScore 70
  4. Rank 8CSSKREX-Osprey SOL + Staking ETFScore 42
  5. Rank 9CSOLCCanary Marinade Solana ETFScore 40

Our read on each fund

ETF.net Research

GSOLAGrayscale Solana Staking ETF

SOLCCCanary Marinade 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%.

SOLC Spot Solana that also stakes, launched into the crowded late-2025 Solana rush. The staking machinery is real; so is the 0.50% fee, more than double what the typical fund in this cohort charges.

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.

SOLC The Trust seeks exposure to the price of Solana held by it, after operating expenses and liabilities. It also seeks additional SOL through Solana Network proof-of-stake validation.

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.
  • SOLC Holds SOL directly and puts it to work: the trust seeks additional SOL through Solana proof-of-stake validation, not just price exposure.
  • Staking rewards are pursued as more SOL inside the trust rather than cash payouts, and the fund has not made distributions.
  • One brokerage ticker covers both holding and staking Solana, with the trust handling custody and validation mechanics.

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.
  • SOLC The 0.50% fee sits well above the cohort median of 0.21%, and staking rivals BSOL (0.20%) and GSOL (0.19%) do a similar job for less.
  • A small fund that trades lightly, so spreads tend to be wider than at the largest Solana ETFs.
  • Launched in November 2025 into a six-fund Solana field, so the track record is short and it starts from the back of that group.

Full GSOL profile⁠

Full SOLC profile⁠

GSOL vs SOLC Holdings

How GSOL and SOLC differ

Overlap by weight

100%

Shared holdings make up 100% of SOLC and 100% of GSOL.

Level by level

  • Asset classAlternatives100%
  • Holdings1 in both100%

Sector

No Sector split for GSOL and SOLC.

Country, concentration and asset class

Country by domicile

No country split for GSOL and SOLC.

Concentration

Weight in the 10 largest Holdings

  • GSOL100.0%
  • SOLC100.0%

Securities held

  • GSOL1
  • SOLC1

Asset class

GSOL
Alternatives
SOLC
Alternatives

Holdings

  • Only in GSOL0
  • In both1
  • Only in SOLC0

Only in GSOL

0 securities, 0.0% of GSOL by weight

Only in SOLC

0 securities, 0.0% of SOLC by weight

Weight gaps

All 1 Holdings in both funds, largest gap first.

Holding weights in GSOL and SOLC, widest gap first
HoldingMore in GSOLMore in SOLCGap
SolanaSOLC +0.01 points

All GSOL holdings⁠All SOLC 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 SOLC Cost

Overpaying SOLC vs GSOL

$6,027

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

  • GSOL 0.19%

    $3,952

  • SOLC 0.50%

    $9,979

$10,000
30 years

Cost over time

  • GSOL 0.19%
  • SOLC 0.50%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530SOLC $9,979GSOL $3,952

Year by year

YearGSOLSOLCOverpaying
10$347$900$553
20$1,351$3,460$2,109
30$3,952$9,979$6,027

Expense ratio

  • 0.19%GSOL, cheaper
  • 0.50%SOLC
  • Middle half of Spot Solana funds
  • Median 0.21%

GSOL 2nd cheapest of 9 funds

SOLC 8th cheapest of 9 funds

GSOL vs SOLC Dividends

Last 12 months to Nov 9, 2026
Payout (12M)
GSOL No data
SOLC None
Last payment
GSOL $0.03
SOLC No data
Ex-dividend
GSOL Nov 3, 2026
SOLC No data
Paid on
GSOL Nov 4, 2026
SOLC No data
Frequency
GSOL Monthly
SOLC No data

Distribution history

Per share, 2026, same scale for both

GSOLMonthly · 3 paymentsAll GSOL payments⁠
One bar per payment. 3 payments in 2026 YTD. Sep 3, 2026 $0.03; Oct 5, 2026 $0.03; Nov 3, 2026 $0.03. Use the arrow keys to read each point.$0$0.032026YTD
SOLCAll SOLC payments⁠

No distribution history available.

GSOL vs SOLC 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%SOLC No data
Return per unit of riskSharpe ratio, 3 years
GSOL 0.09SOLC No data
Worst fallMax drawdown, 5 years
GSOL −99.1%since Apr 2023SOLC No data
Market sensitivityBeta, 5 years
GSOL 2.24SOLC 0.58

GSOL and SOLC in the news

All news⁠

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