GSOL Grayscale Solana Trust

Spot Solana ETF · by Grayscale · Solana ETF flows · fee 0.19%

GSOL saw net outflows of −$0.7M on Fri 30 Oct. Outflows 2 trading days in a row. All Solana ETFs: −$10.7M.

Share price$7.33+1.11% · +$0.08last trade Fri 30 Oct 23:55 UTC

Net flow, last day−$0.7M7% of Solana ETF flowFri 30 Oct · T+1

Cumulative net flow+$128.3Msince 29 Oct 2025

Avg entry vs close−18.2%avg entry $118 · SOL $96.12

Net assets$139.5M

Day volume1.5Mshares, last session

Clients' P&L in GSOL

At a loss

On average, GSOL clients bought SOL at $118. At the 30 Oct 2026 close of $96.12 they are at a loss: −$19.0M (−18.2%) on paper.

Unrealised P&L−$19.0M−18.2%avg entry $118SOL close $96.12

Avg entry · break-even: $118
SOL close: $96.12
Invested: $104.5M
Current value: $85.5M
SOL in the fund: 889,142

Avg entry vs SOL price

Daily · US$ · as of 30 Oct 2026

SOL priceAvg entryClients in profitUnder water

$100$150

$96.12$118Oct 25Jan 26May 26Jul 26Oct 26

Avg entry is our estimate from daily creations and redemptions × the coin price that day · unrealised · not an issuer reportIn profit on 20 of 365 days

ETF cost basis

GSOL price and net flow

Daily close · price history since 15 Jun 2026 · Net flow: daily creations and redemptions, US$ m

Share price: exchange close · flow: T+1Share price +37.8% over the period

Fund facts

Price · 1D / 7D / 30D: $7.33 +1.11% / −5.04% / −18.09%
Day volume: 1.5M shares
Expense ratio: 0.19% What 0.19% costs per year
Launched: 29 Oct 2025
13F holders: 45 · Jun 30, 2026
Price history since: 15 Jun 2026

Price RangeNow $7.33 (55% of range)

all-time low $4.80Average price $6.98all-time high $9.38

Staking

Solana ETF staking

Status: Stakes
Share staked: 100% · 22 Oct
Staking yield: 3.73% · issuer
Rewards: Paid in cash, monthly
Last payout: $0.0326 per share on 5 Oct
Cap in prospectus: 100%

Filing: 10-Q · Fri 7 Aug

Coins held: 1,473,849 SOLestimated
Share of ETF coins: 10.0%
Issuer's fee revenue: $265.1K a year$726 a day at current assets

GSOL net flow by day

Last 20 trading days, US$ m · share = GSOL’s part of all Solana ETF flow when both move the same way

Date	Net flow	Share of SOL ETFs	All SOL ETFs	Close
Fri 30 Oct	−$0.7M	7%	−$10.7M	$7.33
Thu 29 Oct	−$4.0M	14%	−$27.7M	$7.25
Wed 28 Oct	0	—	−$5.7M	$7.72
Tue 27 Oct	−$19.1M	100%	−$19.1M	$7.71
Mon 26 Oct	−$1.8M	22%	−$8.2M	$7.55
Thu 22 Oct	−$3.2M	38%	−$8.5M	$7.82
Wed 21 Oct	0	—	+$0.6M	$8.14
Tue 20 Oct	−$2.6M	100%	−$2.6M	$8.09
Mon 19 Oct	0	—	−$6.7M	$8.00
Fri 16 Oct	0	—	−$12.8M	$7.95
Thu 15 Oct	−$6.0M	61%	−$9.8M	$7.99
Wed 14 Oct	0	—	−$1.3M	$7.92
Tue 13 Oct	0	—	−$1.0M	$8.12
Mon 12 Oct	0	—	−$0.7M	$7.92
Fri 9 Oct	0	—	−$3.8M	$8.20
Thu 8 Oct	0	—	−$3.3M	$8.30
Wed 7 Oct	0	—	−$4.8M	$8.80
Tue 6 Oct	−$3.7M	—	−$3.7M	$9.12
Mon 5 Oct	0	—	−$9.2M	$9.13
Fri 2 Oct	0	—	+$1.2M	$8.95

Streaks and records

descriptive, not a signal

Current outflow run: 2 days · since 29 Oct
Largest inflow, all time: +$18.5M · 25 Sep 2026
Largest outflow, all time: −$19.1M · 27 Oct 2026
Inflow days in 2026: 27 of 209
Best month: +$75.7M · Nov 2025
Worst month: −$35.9M · Oct 2026

All records · 30D / 90D / 1Y

Window	Largest inflow	Largest outflow
Last 30 trading days	+$18.5M25 Sep 2026	−$19.1M27 Oct 2026
Last 90 trading days	+$18.5M25 Sep 2026	−$19.1M27 Oct 2026
Last 12 months	+$18.5M25 Sep 2026	−$19.1M27 Oct 2026

Trading days only. A day where a fund has not reported is skipped, not counted as zero.

“—” in Share: GSOL moved against the market, or more than the market totalAll days on Solana ETF flows ›

Who holds GSOL: institutional holders from 13F

45 institutions reported holding GSOL on June 30, 2026, with $38.2M at quarter-end prices (6.9M shares). Their combined share count rose 5.5% from Q1 2026 while the dollar value fell 4.7% — the difference is the Solana price, not selling. By value, banks and brokers held 63.3% and market makers 23.2%.

13F filings for the quarter ended Jun 30, 2026 · next update after Nov 14, 2026 · What is a 13F?

Institutions holding45+12 vs Q1 26

Reported value$38.2Mat Jun 30 prices

Shares reported6.9M≈38% of the fund

Net change in shares+0.36M+5.5% vs Q1 26 · +$2.0M at Jun 30 prices

GSOL holders by type

Holder mix by value · our classificationshare of the $38.2M

Bank & broker 63.3%
Market maker 23.2%
Hedge fund 1.5%
Wealth adviser 4.3%
Other managers 7.7%

Top 10 GSOL holders on Jun 30, 2026

Top 10 GSOL holders on Jun 30, 2026
#	Holder	Type · our classification	Value	Shares	Change in shares, q/q	Holding since
1	Goldman SachsNew York · Bank & broker	Bank & broker	$19.9M	3.6M	+3.6M new	Q2 26 · re-entered
2	Jane StreetNew York · Market maker	Market maker	$6.4M	1.2M	+1.00M +631%	Q1 26
3	Morgan StanleyNew York · Bank & broker	Bank & broker	$4.2M	768K	unchanged	Q1 26
4	Susquehanna InternationalBala Cynwyd · Market maker	Market maker	$2.5M	446K	−3.5M −89%	Q4 25
5	Cobblestone Asset ManagementRichmond · Other managers	Other managers	$1.1M	195K	+22K +13%	Q1 26
6	Exit Wealth AdvisorsAtlanta · Wealth adviser	Wealth adviser	$800K	149K	+41K +38%	Q4 25
7	Miller Global InvestmentsDallas · Other managers	Other managers	$700K	122K	+0.12M new	Q2 26
8	Qube Research & TechnologiesLondon · Hedge fund	Hedge fund	$500K	82K	+82K new	Q2 26
9	Clear Creek Financial ManagementSilverdale · Other managers	Other managers	$200K	28K	+4K +18%	Q1 26
10	Rye Brook CapitalGreenwich · Other managers	Other managers	$200K	29K	unchanged	Q4 25

Top 10 of 45 · sorted by value · type is our classificationAll 45 GSOL holders

Institutions in Solana ETFs ›Institutional holders of all crypto ETFs ›

Long positions on the last day of the quarter, as filed by managers over $100M. Shorts, futures and retail investors are not in 13F. Changes are in shares, so the coin price does not move them.

Other spot Solana ETFs

GSOL is one of several US-listed spot Solana ETFs. Compare it with the other funds tracking Solana:

All 9 on Solana ETF flows ›

Fund	Issuer	Flow · Fri 30 Oct	Cumulative	Fee	Price	1D
BSOLBitwise Solana ETF	Bitwise	−$9.3M	+$1.12B	0.20%	$13.30	+0.83%
FSOLFidelity Solana Fund	Fidelity	0	+$230.2M	0.25%	$11.38	+0.35%
GSOLGrayscale Solana Trustthis fund	Grayscale	−$0.7M	+$128.3M	0.19%	$7.33	+1.11%
MSOLMorgan Stanley Solana Trust	Morgan Stanley	−$0.8M	+$43.0M	0.14%	$25.67	−1.71%
VSOLVanEck Solana ETF	VanEck	0	+$20.4M	0.30%	$12.40	−1.85%
SOEZFranklin Solana ETF	Franklin Templeton	0	+$13.3M	0.19%	$16.37	−4.83%
QSOLInvesco Galaxy Solana ETF	Invesco	0	+$4.1M	0.25%	$9.45	−7.53%
SOLCCanary Marinade Solana ETF	Canary Capital	0	+$3.6M	0.50%	$19.20	−5.09%
TSOL21Shares Solana ETF	21Shares	0	−$97.5M	0.21%	$9.19	−7.27%

Grayscale at the SEC

GSOL went from first filing to trading in 208 days. Grayscale has 13 crypto ETFs trading, 4 waiting, 4 withdrawn.

All Grayscale filings ›

GSOL’s path to listing

First filing4 Apr 2025
5 amendments
Effective16 Apr 2026
Trading on NYSE29 Oct 2025

208 days at the SEC

Filing history

Other Grayscale filings waiting
Waiting fund	Stage	Last document	At the SEC
Grayscale BNB ETFBNB	Amending	3 Jun 2026	281 days
Grayscale Aave Trust (AAVE)Aave	Amending	12 May 2026	260 days
Grayscale Canton ETFCanton	Filed	5 Jun 2026	148 days
Grayscale Worldcoin ETFWorldcoin	Filed	20 Jul 2026	103 days

Open the filings tracker

About Grayscale Solana Trust (GSOL)

What the data says

GSOL is a converted trust: Grayscale ran it as a trust from at least 2021 before it listed as an ETF on 29 Oct 2025. Counting from the listing day, it has gathered $128.3M of net inflow, 3rd of 9 Solana ETFs. Our flow record starts on the listing day: coins the trust already held are not counted as inflow. Grayscale reports net assets of $139.5M, 10% of the Solana ETF total and the 3rd largest of 9 by size.

GSOL is a staking fund: it stakes Solana it holds to earn network rewards. Among Solana ETFs, FSOL, BSOL, VSOL, SOEZ, TSOL, MSOL, SOLC and QSOL also stake.

On most trading days nothing moves: GSOL had no creations or redemptions on 129 of 214 days in our record since 29 Oct 2025. The largest day with money coming in was $18.5M on 25 Sep 2026. As of 30 Oct 2026, GSOL is on a 2-day outflow run worth $4.7M. Its best calendar month was Nov 2025 ($75.7M in); its worst, Oct 2026 ($35.9M out).

The last 30 trading days to 30 Oct 2026 were the weakest of any Solana ETF: $7.9M out, against $99.1M in for all Solana ETFs together.

GSOL's fee of 0.19% is below the Solana ETF median of 0.21%: 2nd cheapest of 9. The cheapest is MSOL at 0.14%.

Holders of GSOL are behind: their average entry of $118 sits above the 30 Oct 2026 close of $96.12, a paper loss of −18.2% (−$19.0M), 8th of 9 Solana ETFs by result.

Figures as of 30 Oct 2026 (flows, T+1); holders' average entry at the 30 Oct 2026 close. Not investment advice.

GSOL ETF — FAQ

When did GSOL start trading?

GSOL began trading as an ETF on 29 Oct 2025. Before that it existed as a Grayscale trust from at least 2021.

Is GSOL cheaper than other Solana ETFs?

Yes. GSOL charges 0.19% a year. Across 9 Solana ETFs the fee runs from 0.14% to 0.50%, with a median of 0.21%; GSOL is 2nd from the cheapest.

How much has flowed into GSOL since launch?

Net inflow of $128.3M from 29 Oct 2025 to 30 Oct 2026, 3rd of 9 Solana ETFs by money brought in. Net flow is the dollar value of shares created minus shares redeemed.

Are GSOL holders in profit?

No, on paper they are at a loss. Our estimate of their average entry is $118 per SOL; the 30 Oct 2026 close was $96.12, a result of −18.2% (−$19.0M). The estimate comes from daily creations and redemptions valued at that day's coin price, not from an issuer report.

What was the biggest day for GSOL?

The largest net inflow was $18.5M on 25 Sep 2026. The largest net outflow was $19.1M on 27 Oct 2026. Counted over 214 trading days through 30 Oct 2026.

Was GSOL a trust before it became an ETF?

Yes. GSOL existed as a Grayscale trust from at least 2021 before it listed as an ETF on 29 Oct 2025. Flows on this page start at the listing: coins the trust held before that are not counted as inflow.

Does GSOL stake its Solana?

Yes. GSOL is one of the staking Solana ETFs on our list, together with FSOL, BSOL, VSOL, SOEZ, TSOL, MSOL, SOLC and QSOL. Rewards are earned inside the fund; Grayscale's fund page has the current staking share and reward terms.

Who owns the most GSOL?

Grayscale issues GSOL; the shares are owned by investors. Among institutions filing Form 13F, the largest GSOL holder on June 30, 2026 was Goldman Sachs with 3.6M shares worth $19.9M, followed by Jane Street ($6.4M) and Morgan Stanley ($4.2M). In total 45 institutions reported GSOL, worth $38.2M.

Prices and statistics on this page are derived from market data tracked by CryptoETF.today and are for informational purposes only. This is not investment advice. Verify fund details, fees and holdings on the issuer's official page before investing.