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- 🚀 #GateNewbieVillageEpisode5 ✖️ @Surrealist5N1K
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Grayscale announces no management fees for the Solana ETF until the fund's Assets Under Management reaches $1 billion.
On November 5, according to official news, the digital asset investment platform Grayscale Investments announced today that it will waive the sponsor fees for the Grayscale Solana Trust ETF (code: GSOL) and reduce related fees during the staking period for up to three months, or until the fund's Assets Under Management (AUM) reaches $1 billion, whichever comes first. The fund has now staked up to 100% of SOL, offering a staking yield of 7.23%. The fee waiver policy applies to new investors and existing GSOL investors.