The latest announcement is out from Grayscale Solana Trust ( (GSOL) ).
On or around August 7, 2026, Grayscale intends to execute a Third Amended and Restated Declaration of Trust and Trust Agreement for the Grayscale Solana Staking ETF that will overhaul the existing trust framework. The amendment is designed to support the ETF’s staking program while keeping the trust aligned with IRS Revenue Procedure 2025-31 so it can continue to be treated as a grantor trust for U.S. federal income tax purposes.
Under the proposed changes, the trust would begin making regular, mandatory cash distributions to shareholders of net staking rewards at least quarterly, after converting staking consideration to cash and deducting expenses not assumed by the sponsor. The move formalizes a distribution framework that could alter the income profile and tax reporting for investors, though the amount of payouts will vary with actual staking returns and the ongoing uncertainty surrounding the tax treatment of digital assets and staking activities.
More about Grayscale Solana Trust
Grayscale Solana Staking ETF, sponsored by Grayscale Investments Sponsors, LLC, is a digital asset investment vehicle focused on Solana (SOL) that offers shareholders exposure to SOL and staking rewards through a grantor trust structure. The trust’s interests are listed and traded on a national securities exchange, targeting investors seeking regulated access to Solana staking economics within a U.S. securities law framework.
The product operates in the cryptocurrency and digital asset sector, combining ETF-like trading mechanics with on-chain staking activity, and is structured to align with evolving U.S. federal income tax rules for grantor trusts. Its design seeks to balance operational flexibility in staking with tax transparency for shareholders, amid significant regulatory and tax uncertainty around digital assets and staking income.
Average Trading Volume: 3,511,779
Technical Sentiment Signal: Sell
Current Market Cap: $97.78M
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