Grayscale will distribute GSOL staking rewards on a quarterly basis and has reduced management and staking fees.

According to Cryptopolitan, Grayscale has submitted revised documents to the U.S. Securities and Exchange Commission (SEC), changing the staking rewards for the Solana staking ETF GSOL to be converted into cash and distributed to shareholders on a quarterly basis. The annualized yield is around 6.1%. The new arrangement will take effect on August 7. The management fee will be reduced from 0.35% to 0.19%, and the staking fee will decrease from 23% to 7%. Grayscale has already applied the same strategy to its ETH ETF.