GSOL vs. BITC

Last updated Apr 1, 2026

Compare and contrast key facts about Grayscale Solana Staking ETF (GSOL) and Bitwise Bitcoin Strategy Optimum Roll ETF (BITC).

GSOL and BITC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GSOL is an actively managed fund by Grayscale. It was launched on Nov 18, 2021. BITC is an actively managed fund by Bitwise. It was launched on Mar 20, 2023.

Performance

GSOL vs. BITC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grayscale Solana Staking ETF (GSOL) and Bitwise Bitcoin Strategy Optimum Roll ETF (BITC). The values are adjusted to include any dividend payments, if applicable.

GSOL vs. BITC - Yearly Performance Comparison

	2026 (YTD)	2025
GSOL Grayscale Solana Staking ETF	-32.64%	-29.95%
BITC Bitwise Bitcoin Strategy Optimum Roll ETF	-0.11%	-4.65%

Returns By Period

In the year-to-date period, GSOL achieves a -32.64% return, which is significantly lower than BITC's -0.11% return.

GSOL

• 1D: 0.16%
• 1M: 1.49%
• YTD: -32.64%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BITC

• 1D: 0.24%
• 1M: 0.20%
• YTD: -0.11%
• 6M: -16.94%
• 1Y: -9.37%
• 3Y*: 30.50%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GSOL vs. BITC - Expense Ratio Comparison

GSOL has a 0.35% expense ratio, which is lower than BITC's 0.88% expense ratio.

BITC

Bitwise Bitcoin Strategy Optimum Roll ETF

GSOL

Grayscale Solana Staking ETF

Return for Risk

GSOL vs. BITC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BITC

BITC Risk / Return Rank: 6
BITC Sharpe Ratio Rank: 6
BITC Sortino Ratio Rank: 6
BITC Omega Ratio Rank: 5
BITC Calmar Ratio Rank: 6
BITC Martin Ratio Rank: 7

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GSOL vs. BITC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Solana Staking ETF (GSOL) and Bitwise Bitcoin Strategy Optimum Roll ETF (BITC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	GSOL	BITC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.35	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.00	0.64	-1.64

Correlation

The correlation between GSOL and BITC is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

GSOL vs. BITC - Dividend Comparison

GSOL has not paid dividends to shareholders, while BITC's dividend yield for the trailing twelve months is around 3.37%.

	TTM	2025	2024	2023
GSOL Grayscale Solana Staking ETF	0.00%	0.00%	0.00%	0.00%
BITC Bitwise Bitcoin Strategy Optimum Roll ETF	3.37%	3.36%	42.68%	5.82%

Drawdowns

GSOL vs. BITC - Drawdown Comparison

The maximum GSOL drawdown since its inception was -58.63%, which is greater than BITC's maximum drawdown of -38.51%. Use the drawdown chart below to compare losses from any high point for GSOL and BITC.

Drawdown Indicators

	GSOL	BITC	Difference
Max Drawdown Largest peak-to-trough decline	-58.63%	-38.51%	-20.12%
Max Drawdown (1Y) Largest decline over 1 year	—	-26.51%	—
Current Drawdown Current decline from peak	-55.35%	-31.35%	-24.00%
Average Drawdown Average peak-to-trough decline	-37.53%	-15.79%	-21.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	16.45%	—

Volatility

Volatility by Period

	GSOL	BITC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.06%	—
Volatility (6M) Calculated over the trailing 6-month period	—	19.16%	—
Volatility (1Y) Calculated over the trailing 1-year period	84.62%	26.70%	+57.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	84.62%	47.63%	+36.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	84.62%	47.63%	+36.99%