BSOL vs GSOL: 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 BSOL’s. Bitwise Solana Staking ETF and Grayscale Solana Staking ETF.
BSOL since launch: fund −36.79%, Solana −39.23%, 4.02% ahead of Solana, compounded.
GSOL over 1 year: fund −44.43%, Solana −43.44%, thinly traded so not compared.
The same coin, two trusts
BSOL and GSOL 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 915 more days of record than BSOL, and a longer record is a longer window over which a cost can show itself.
Performance, window by window
| Total return | The coin over the same days | Difference, percentage points | ||||
|---|---|---|---|---|---|---|
| Window | BSOL | GSOL | BSOL | GSOL | BSOL | GSOL |
| 1 month | +13.7% | +13.3% | +14.6% | +14.6% | −0.9 pts | not comparable |
| 3 months | +54.5% | +53.9% | +52.6% | +52.6% | +2.0 pts | not comparable |
| 6 months | +43.7% | −36.3% | +45.4% | −39.1% | −1.8 pts | not comparable |
| 1 year | not published | −44.4% | not published | −43.4% | not published | not comparable |
| Since each listed BSOL Oct 2025 · GSOL Apr 2023 | −36.8% | +101.5% | −39.2% | +428.6% | +4.0% of its growth | not comparable |
BSOL and GSOL over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →
On the same fields
BSOL and GSOL on the same fields, as of Sep 30, 2026. Source: ETFIQ.
BSOL in plain words
BSOL 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 30, 2026, Solana moved −39.2% and BSOL returned −36.8%. That leaves it 4.0% ahead once both returns are compounded. Over a window this long the two returns cannot simply be subtracted. Doing it would read +2.4 pts, which is correct and describes nothing a holder can act on: what the figure above states is the gap between the two growth factors, so a fund that kept 104% of what holding the coin gave says exactly that. 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. BSOL charges 0.20% a year and finished 4.0% ahead of Solana, which a fee cannot do on its own. Solana is a proof of stake chain, so a fund holding it can stake. BSOL’s own filings say it does (10-Q, Aug 7, 2026). What the prices show is that it finished 4.0% ahead of Solana’s own price over the same days, against +3.0% for the other 7 funds holding Solana. After a fee, an in-kind ETP ahead of the asset it holds got there by staking. 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.
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 30, 2026, Solana moved −43.4% and GSOL returned −44.4%. That leaves it not comparable. GSOL closed unchanged on 50 of its 717 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. 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.
Questions people ask
- Can BSOL and GSOL 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 BSOL or GSOL 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.
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.
ETFIQ, BSOL against GSOL, data as of Sep 30, 2026. https://etfiq.com/compare/crypto/bsol-vs-gsol
Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.
Cite this page. ETFIQ, BSOL against GSOL, data as of Sep 30, 2026. https://etfiq.com/compare/crypto/bsol-vs-gsol Free to use with attribution; the underlying files are at Open data.
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- APA
- ETFIQ. (Sep 30, 2026). BSOL against GSOL. Retrieved from https://etfiq.com/compare/crypto/bsol-vs-gsol
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