Grayscale’s Bold 2.5% SOL Fee Sparks Frenzy in Solana ETF Filings

Wall Street's latest crypto crush just got expensive. Grayscale slapped a 2.5% management fee on its proposed Solana ETF—because why let retail investors keep their profits when middlemen can take a slice?

The fee-fueled land grab

Asset managers are piling into SOL ETF filings like degenerate traders chasing a memecoin pump. Grayscale's move sets a benchmark that'll make hedge funds grin and Main Street wince.

Solana's institutional moment

The blockchain that survived its own 'beta test' now faces Wall Street's ultimate stress test—being loved to death by financialization. Break out the champagne (and the antitrust lawyers).

Remember when 2% fees were controversial? Crypto's growing up—into everything we hated about traditional finance.

Major asset managers, Franklin Templeton, Bitwise, Fidelity, Canary Capital, CoinShares, Grayscale, and VanEck, have updated their S-1 registrations with the SEC to launch solana spot ETFs. Notably, Grayscale’s filing reveals a 2.5% annual fee to be charged in SOL, highlighting new strategies in digital asset funds. Additionally, CoinShares has registered its Solana Staking ETF in Delaware as of June 10, 2025. These moves underscore growing institutional interest and innovation in Solana-based investment products.