Grayscale will change GSOL staking rewards to quarterly distribution, and reduce management fees and staking rates

According to Cryptopolitan, Grayscale has submitted a revised document to the US Securities and Exchange Commission (SEC) to change the staking rewards of Solana staking ETF GSOL to be converted into cash and distributed to shareholders on a quarterly basis, with an annualized return of approximately 6.1%. The new agreement came into effect on August 7th, with management fees reduced from 0.35% to 0.19% and pledge fees reduced from 23% to 7%. Grayscale has implemented the same strategy for ETH ETFs.