Data as of .
GSOL vs VSOL: which tracked its coin?
GSOL closed unchanged on more than a twentieth of its trading days, so its difference from Solana is not comparable with VSOL’s.
The same coin, two trusts
GSOL and VSOL hold the same asset. Both are 1933 Act trusts holding Solana through a custodian, so neither has a portfolio to compare: the whole of each fund is one line. GSOL closed unchanged on more than a twentieth of its trading days, so its distance from Solana is a quote nobody moved rather than a cost a holder paid, and ETFIQ neither prints it nor ranks it. GSOL has 935 more days of record than VSOL, and a longer record is a longer window over which a cost can show itself.
Performance, window by window
| Window | Total return | The coin over the same days | Difference, percentage points | |||
|---|---|---|---|---|---|---|
| GSOL | VSOL | GSOL | VSOL | GSOL | VSOL | |
| 1 month | +35.4% | +35.3% | +35.6% | +35.6% | not comparable | −0.3 pts |
| 3 months | +55.2% | +54.5% | +53.4% | +53.4% | not comparable | +1.1 pts |
| 6 months | −44.5% | +17.2% | −47.2% | +16.1% | not comparable | +1.0 pts |
| 1 year | −63.0% | not published | −55.2% | not published | not comparable | not published |
| Since each listed | +75.5% | −18.6% | +358.7% | −21.7% | not comparable | +3.1 pts |
| GSOL Grayscale Solana Staking ETF Holds Solana through a custodian, listed Apr 27, 2023, quoted thinly | VSOL VanEck Solana ETF Holds Solana through a custodian, listed Nov 17, 2025 | |
|---|---|---|
| Sponsor | Grayscale | VanEck |
| Holds | Solana | Solana |
| Net assets | $101m, balance sheet of Jun 30, 2026 | $14m, balance sheet of Jun 30, 2026 |
| Sponsor’s fee | 0.19% | 0.30% |
| Fee waiver | none | the whole fee, until February 17, 2026, first $1 billion of assets |
| Staking | the filings say it does | the filings say it does |
| Listed | Apr 27, 2023 | Nov 17, 2025 |
| Days since listing | 1,233 days | 298 days |
| Days it has traded | 704 | 205 |
| Days it closed unchanged | 49 | 0 |
| Quoted | thinly, and not ranked against funds that trade daily | on an exchange, every trading day |
| Fund returned, 1 year or since launch | −63.0% | −18.6% |
| The coin over the same days | −55.2% | −21.7% |
| Difference, percentage points | not comparable | +3.1 pts |
| Fund returned since it listed | +75.5% | −18.6% |
| Difference since it listed | not comparable | +3.1 pts |
| Price | $7.73 | $13.72 |
GSOL in plain words
GSOL holds Solana through a custodian and trades on an exchange, so a holder gets the coin’s return inside a brokerage account rather than a wallet. Over the year to Sep 11, 2026, Solana moved −55.2% and GSOL returned −63.0%. That leaves it not comparable. That difference is the fee, the custody cost, the friction of creating and redeeming shares in blocks, and whatever the market paid for the shares rather than for the coin, all of it together. It is the only figure on this page the sponsor does not publish itself. GSOL closed unchanged on 49 of its 704 trading days. A price that does not move is a price nobody traded at, so its difference against Solana describes the days somebody did trade rather than the fund, and ETFIQ does not rank it against funds that trade every day. Solana is a proof of stake chain, so a fund holding it can stake. GSOL’s own filings say it does (424B3, Aug 7, 2026). Over the window ETFIQ measures it did not finish ahead of Solana’s own price, so whatever it earned did not cover its costs. A spot trust is not a registered investment company. It files a 10-K rather than an N-PORT, and its holding is one line: the Solana it custodies.
VSOL in plain words
VSOL holds Solana through a custodian and trades on an exchange, so a holder gets the coin’s return inside a brokerage account rather than a wallet. Over the time since it listed to Sep 11, 2026, Solana moved −21.7% and VSOL returned −18.6%. That leaves it 3.1 percentage points ahead. VSOL charges 0.30% a year and still finished 3.1% ahead of Solana, which a fee cannot do on its own. VSOL’s own filings say it does (10-Q, Aug 13, 2026). What the prices show is that it finished 3.1% ahead of Solana’s own price over the same days, against +2.9% for the other 8 funds holding Solana. After a fee, an in-kind ETP ahead of the asset it holds got there by staking.
Questions people ask
- Can GSOL and VSOL be compared on tracking?
- GSOL closed unchanged on more than a twentieth of its trading days. A price that does not move is a price nobody traded at, so the difference from Solana describes the days somebody did trade rather than the fund, and ETFIQ publishes it nowhere and ranks it against nothing.
- Do GSOL or VSOL pay a staking yield?
- Solana is a proof of stake chain, so staking is possible. Whether either trust stakes, and what the sponsor keeps of it, is a term in its own filings and is read from those rather than assumed.
- What is the difference between GSOL and VSOL?
- Both hold Solana through a custodian and both trade on an exchange, so what separates them is what each costs a holder over time. GSOL is sponsored by Grayscale and listed Apr 27, 2023; VSOL by VanEck, listed Nov 17, 2025.
- Which is cheaper, GSOL or VSOL?
- GSOL charges 0.19% a year and VSOL charges 0.30%, so GSOL is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, GSOL against VSOL, data as of Sep 11, 2026. https://etfiq.com/compare/crypto/GSOL-VSOL Free to use with attribution; the underlying files are at Open data.