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🚨 Grayscale makes a SHOCK move: Free management of $SOL ETF, 7% staking reward to attract large capital 🚀
Grayscale has just taken an extremely aggressive move to promote its Solana Trust ETF (GSOL), directly targeting new investors.
1. The company has decided to waive all management fees for the GSOL fund.
2. The free period lasts a maximum of 3 months or until the AUM reaches 1 billion dollars, whichever comes first.
3. Grayscale will also stake the entire $SOL fund's shares with an average combined staking reward of 7%.
4. Staking profits are not paid directly but are reflected in the increase in the value of the trust fund's shares, directing more economic benefits to investors.
5. Currently, the fund manages 93.983 million dollars in assets and holds 578.144 $SOL .
This move comes amid fierce competition from other ETF funds and shows that Grayscale is making a big bet on the potential of Solana.
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