Grayscale Investments has taken a major step to strengthen investor appeal for its Solana-focused exchange-traded product. The asset manager has announced the temporary removal of management fees for the Grayscale Solana Trust (GSOL), while also expanding staking participation to 100% of the fund’s holdings. The move comes as Solana continues to experience heightened user activity and renewed investor confidence following recent market corrections.
Fee Waiver and Enhanced Staking Program
The fee waiver will last up to three months or until GSOL’s assets under management reach $1 billion. Grayscale has also reduced staking-related costs to pass more rewards directly to shareholders.
Currently, GSOL offers a 7.23% staking reward rate, with returns distributed through its diversified validator system. This structure ensures better transparency and improved efficiency, aligning with Grayscale’s goal of maximizing investor returns.
According to the company, the Solana Trust has been staking its holdings since early October, even before becoming an exchange-traded product. The decision to remove management fees marks a strategic push to enhance GSOL’s competitiveness in the growing market of Solana-based investment products.
Solana’s Strong Network Fundamentals
Solana remains one of the most active proof-of-stake blockchains, known for its low transaction costs and high throughput. Data from Solana Sensei shows that unique active users on the network surged 36%, rising from 2 million to 2.7 million. This growth reflects increasing adoption among developers and institutions seeking scalable blockchain infrastructure.
At the time of writing, Solana was trading near $159, showing a modest rebound after a week of declines. Despite recent price volatility, the network’s growing user base suggests that conviction among long-term holders remains firm.
Technical Outlook and Market Sentiment
Source: X
Analysis from More Crypto Online indicates that Solana’s price is moving within a corrective ABC structure on the daily chart. The asset recently rebounded from the 61.8% Fibonacci retracement near $138, suggesting potential short-term support. If this level holds, buyers may target resistance zones at $150 and $160 before testing $201. Failure to sustain above $138 could expose $125 and $117 as lower supports.
