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GSOL vs VSOL

Grayscale Solana Staking ETF

GSOLANYSE Arca

VanEck Solana ETF

VSOLBNasdaq

Overlap

Expense ratio

GSOL −0.11pt a year

GSOL0.19%VSOL0.30%

Avg volume · 30D

GSOL 107.0×the volume

GSOL3.46MVSOL32.3K

GSOL vs VSOL Performance

Dec 31, 2025 – Oct 30, 2026

−20.6%GSOL−20.9%VSOL

Dec 31, 2025 to Oct 30, 2026. GSOL −20.6%. VSOL −20.9%. Use the arrow keys to read each point.−40%−10%0%10%20%Dec 2025Jun 2026Oct 2026
Expense ratio
GSOL 0.19%, better
VSOL 0.30%
Fund size
GSOL $140M
VSOL $19M
1Y total return
GSOL −47.4%
VSOL No data
Holdings
GSOL 1
VSOL 1
Avg volume (30D)
GSOL 3.46M sh, better
VSOL 32.3K sh
NAV per share
GSOL $7.17
VSOL $12.27
52W range

ETF.net Grade

GSOL: Cost 74, Risk 21, Mission 100, Tradability 82, Holdings not scored, Durability 77. VSOL: Cost 33, Risk 62, Mission 100, Tradability 58, Holdings 56, Durability 61.
Pillar letters and Scores for GSOL, VSOL, with each pillar’s weight
PillarGSOLVSOL
Cost30% weightA74HigherD33
Mission25% weightA100A100
Risk15% weightF21B62Higher
Tradability15% weightA82HigherB58
Holdings10% weightNot scoredB56
Durability5% weightA77HigherB61

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 VSOL 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 VSOL 5th 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
  6. Rank 6BQSOLInvesco Galaxy Solana ETFScore 61

Our read on each fund

ETF.net Research

GSOLAGrayscale Solana Staking ETF

VSOLBVanEck 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%.

VSOL VanEck was first in line at the SEC with a US Solana filing in June 2024, then arrived after the crowd. VSOL is a grantor trust that holds SOL outright and stakes part of it for network rewards.

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.

VSOL The Trust seeks to track Solana's price and staking rewards on part of its SOL holdings, after operating 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.
  • VSOL Holds real SOL and stakes a slice of it, passing the network's staking rewards through after expenses. No wallet, no seed phrase, no validator to babysit.vaneck.com
  • Two separate crypto custodians, Gemini Trust and Coinbase Custody, hold the trust's SOL, and authorized participants can create or redeem baskets in cash or in kind.vaneck.com
  • Only part of the SOL is staked, leaving unstaked coins on hand for redemptions instead of locking the whole pot behind unstaking queues.vaneck.com
  • VanEck put the first US Solana trust registration on the SEC's desk in June 2024, and already ran spot bitcoin and ether funds before this one listed.cointelegraph.comvaneck.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.
  • VSOL The standing sponsor fee is 0.30%, above the median for spot Solana funds; SOEZ, GSOL and BSOL all listed cheaper.
  • One of the smaller, thinner-traded names in a crowded Solana lineup, which can mean wider spreads at the screen than the group's biggest funds.
  • Staking stacks risks on top of SOL's swings: validator downtime or slashing penalties, staking-provider counterparty risk, and unsettled tax treatment of rewards.vaneck.comvaneck.com 2

Full GSOL profile⁠

Full VSOL profile⁠

GSOL vs VSOL 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 VSOL Cost

Overpaying VSOL vs GSOL

$2,197

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

  • GSOL 0.19%

    $3,952

  • VSOL 0.30%

    $6,149

$10,000
30 years

Cost over time

  • GSOL 0.19%
  • VSOL 0.30%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530VSOL $6,149GSOL $3,952

Year by year

YearGSOLVSOLOverpaying
10$347$545$198
20$1,351$2,113$762
30$3,952$6,149$2,197

Expense ratio

  • 0.19%GSOL, cheaper
  • 0.30%VSOL
  • Middle half of Spot Solana funds
  • Median 0.21%

GSOL 2nd cheapest of 9 funds

VSOL 7th cheapest of 9 funds

GSOL vs VSOL Dividends

Last 12 months to Oct 30, 2026
Last payment
GSOL $0.03
VSOL $0.60
Ex-dividend
GSOL Oct 5, 2026
VSOL Oct 6, 2026
Paid on
GSOL Oct 6, 2026
VSOL Oct 7, 2026
Frequency
GSOL Monthly
VSOL 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$0.502026YTD
VSOLIrregular · 1 paymentAll VSOL payments⁠
One bar per payment. 1 payment in 2026 YTD. Oct 6, 2026 $0.60. Use the arrow keys to read each point.$0$0.502026YTD

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

GSOL and VSOL in the news

All news⁠

Popular comparisons

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