Quarterly ResultMay 8, 2026, 04:14 PM
Grayscale Solana Staking ETF Net Assets Drop 34.4% to $105.1M
AI Summary
Grayscale Solana Staking ETF reported a significant decline in net assets and NAV per share for the three months ended March 31, 2026. Net assets decreased by 34.4% to $105.1 million, primarily driven by a $50.5 million net change in unrealized depreciation on its Solana (SOL) investment. Despite generating $2.2 million in Staking Reward Income, the overall net decrease in net assets from operations was $54.7 million, compounded by net redemptions of shares.
Key Highlights
- Net assets decreased by 34.4% to $105.1 million as of March 31, 2026.
- Principal Market NAV per Share fell 32.4% to $6.14 from $9.09.
- Investment in SOL (fair value) decreased by 34.5% to $105.1 million.
- Net decrease in net assets from operations was $54.7 million for the quarter.
- Net change in unrealized depreciation on SOL was $50.5 million.
- Staking Reward Income totaled $2.2 million for the three months ended March 31, 2026.
- Sponsor's Fee was reduced to 0.35% effective October 29, 2025.
- Staking fees increased to 23% of gross rewards after February 5, 2026.