Grayscale GSOL to start quarterly Solana staking cash payouts from August 2026

Grayscale plans to turn staking rewards from both its Grayscale Solana Staking ETF and Grayscale Ethereum Staking ETF into cash distributions to shareholders at least once a quarter, starting on or around Aug. 7, 2026. July 17 SEC filings say the asset manager intends to amend both trust agreements so ETH or SOL received as staking rewards will be sold for cash and promptly distributed after expenses not covered by the sponsor. The move extends a cash payout approach Grayscale previously used for ETHE. On Jan. 6, 2026, the fund distributed about $0.083 per share, or $9.39 million in total, from staking rewards earned between Oct. 6 and Dec. 31, 2025 and converted into cash. Applying a recurring minimum schedule to both Ethereum and Solana funds would give investors a clearer basis for comparing actual net cash payouts, expense drag and timing across the two products. The proposed structure follows IRS Revenue Procedure 2025-31, which allows a qualifying grantor trust to distribute net staking rewards consistently either in kind or after a cash sale no less frequently than quarterly. Grayscale chose cash distributions. The filings also say U.S. holders would generally recognize their pro rata share of staking rewards as taxable income when the trust receives them, regardless of when cash is later paid, and that selling ETH or SOL to fund distributions can also create a pro rata capital gain or loss.