Grayscale Waives Fees to Attract Investors for Solana ETF

To boost investor interest in its Solana Trust ETF, Grayscale Investments has announced a temporary waiver of management fees and reduced staking-related fees. This offer applies for up to three months or until the fund reaches $1 billion in assets under management (AUM). The waiver aims to attract investors by lowering investment costs while capitalizing on the current 7.23% staking reward rate associated with Solana holdings. Grayscale expects this move will incentivize both new and existing investors, potentially attracting institutional funds as well.