Grayscale Solana Trust is a cryptocurrency investment vehicle that holds Solana (SOL) and offers investors access to the digital asset through shares traded on NYSE Arca, eliminating the need for direct cryptocurrency ownership. The Trust generates revenue by charging a daily sponsor fee accrued in U.S. dollars and expressed as an annual percentage of the Trust's net asset value, which is paid to the Sponsor in SOL; the Sponsor covers all ordinary operational expenses in return. Shares track the market price of SOL through an index calculated daily using pricing data from major digital asset trading platforms, and are made available to both institutional and retail investors through authorized participants who facilitate creation, redemption, and secondary market trading.
| USD millions | FY2025 |
|---|---|
| Net Income | 15 |