Woofun AI reports that Grayscale has submitted an amendment to the SEC for its proposed Solana staking ETF, GSOL, fundamentally altering how staking rewards are handled by shifting to quarterly cash distributions.

The revised financial structure significantly reduces costs for investors, lowering the management fee from 0.35% to 0.19% and cutting the staking fee from 23% to 7%. With an estimated annual staking yield of 6.1%, these adjustments aim to enhance the product's competitiveness against other crypto investment vehicles.

Per Woofun AI, the filing details that shareholders will receive staking rewards in U.S. dollars after deducting specific expenses, a move designed to provide a transparent income stream. This approach contrasts with automatic reinvestment models, directly addressing historical SEC caution regarding spot crypto ETFs involving staking mechanisms.

Structurally, this amendment positions GSOL as a regulated ETF product that could set a precedent for staking-based funds in the U.S. market. By offering a clear distribution mechanism and reduced costs, Grayscale seeks to appeal to both institutional and retail investors seeking regulated exposure to Solana’s staking ecosystem under ongoing SEC oversight.