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GSOL vs TSOL

Grayscale Solana Staking ETF

GSOLANYSE Arca

21Shares Solana ETF

TSOLBCboe

Overlap

Expense ratio

GSOL −0.02pt a year

GSOL0.19%TSOL0.21%

Avg volume · 30D

GSOL 290.8×the volume

GSOL3.46MTSOL11.9K

GSOL vs TSOL Performance

Dec 31, 2025 – Oct 30, 2026

−20.6%GSOL−22.4%TSOL

Dec 31, 2025 to Oct 30, 2026. GSOL −20.6%. TSOL −22.4%. Use the arrow keys to read each point.−40%0%20%Dec 2025Jun 2026Oct 2026
Expense ratio
GSOL 0.19%, better
TSOL 0.21%
Fund size
GSOL $140M
TSOL $8M
1Y total return
GSOL −47.4%
TSOL No data
Holdings
GSOL 1
TSOL 1
Avg volume (30D)
GSOL 3.46M sh, better
TSOL 11.9K sh
NAV per share
GSOL $7.17
TSOL $9.19
52W range

ETF.net Grade

GSOL: Cost 74, Risk 21, Mission 100, Tradability 82, Holdings not scored, Durability 77. TSOL: Cost 54, Risk 50, Mission 100, Tradability 35, Holdings 45, Durability 34.
Pillar letters and Scores for GSOL, TSOL, with each pillar’s weight
PillarGSOLTSOL
Cost30% weightA74HigherC54
Mission25% weightA100A100
Risk15% weightF21C50Higher
Tradability15% weightA82HigherD35
Holdings10% weightNot scoredC45
Durability5% weightA77HigherD34

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 TSOL 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 TSOL 6th 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 6BQSOLInvesco Galaxy Solana ETFScore 61
  5. Rank 6BTSOL21Shares Solana ETFScore 61
  6. Rank 8CSSKREX-Osprey SOL + Staking ETFScore 44

Our read on each fund

ETF.net Research

GSOLAGrayscale Solana Staking ETF

TSOLB21Shares 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%.

TSOL Spot Solana in a grantor trust, with part of the stack staked and the rewards paid out as cash rather than kept inside the fund. The SOL is split across three custodians instead of parked with one.

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.

TSOL The Trust seeks to provide exposure to Solana held by the Trust, net of operating expenses, and may seek additional Solana through staking.

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.
  • TSOL Staking rewards are passed through as quarterly cash distributions, so the rewards show up in your account rather than staying inside the trust.stocktitan.net
  • The 0.21% sponsor fee matches the going rate for spot Solana funds, and 21Shares cut it to 0.00% for a defined window running through July 27, 2027.globenewswire.com
  • Custody is split across Anchorage Digital Bank, BitGo and Coinbase Custody, so no single vault holds the whole position.21shares.com21shares.com 2
  • Plain wrapper: it holds actual SOL, not futures or swaps, and hands the private-key problem to regulated custodians.21shares.com

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.
  • TSOL Small and thinly traded next to Solana funds like BSOL and GSOL, which typically means wider spreads and more care needed on limit orders.
  • The fee waiver has an expiration date; the 0.21% sponsor fee resumes after July 27, 2027.globenewswire.com
  • A grantor trust, not a 1940 Act fund, so the usual fund-law protections don't apply. It launched in late 2025, and SOL itself moves violently.21shares.com

Full GSOL profile⁠

Full TSOL profile⁠

GSOL vs TSOL 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 TSOL Cost

Overpaying TSOL vs GSOL

$405

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

  • GSOL 0.19%

    $3,952

  • TSOL 0.21%

    $4,357

$10,000
30 years

Cost over time

  • GSOL 0.19%
  • TSOL 0.21%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K$5K051015202530TSOL $4,357GSOL $3,952

Year by year

YearGSOLTSOLOverpaying
10$347$383$36
20$1,351$1,491$140
30$3,952$4,357$405

Expense ratio

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

GSOL 2nd cheapest of 9 funds

TSOL 5th cheapest of 9 funds

GSOL vs TSOL Dividends

Last 12 months to Oct 30, 2026
Last payment
GSOL $0.03
TSOL $0.08
Ex-dividend
GSOL Oct 5, 2026
TSOL Sep 29, 2026
Paid on
GSOL Oct 6, 2026
TSOL Sep 30, 2026
Frequency
GSOL Monthly
TSOL Quarterly

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$0.252026YTD
TSOLQuarterly · 4 paymentsAll TSOL payments⁠
One bar per payment. 4 payments in 2026 YTD. Feb 13, 2026 $0.32; Mar 30, 2026 $0.02; Jun 29, 2026 $0.04; Sep 29, 2026 $0.08. Use the arrow keys to read each point.$0$0.252026YTD

GSOL vs TSOL 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%TSOL No data
Return per unit of riskSharpe ratio, 3 years
GSOL 0.09TSOL No data
Worst fallMax drawdown, 5 years
GSOL −99.1%since Apr 2023TSOL No data
Market sensitivityBeta, 5 years
GSOL 2.24TSOL 0.64

GSOL and TSOL in the news

All news⁠

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