GSOL vs. BITS

Last updated Jun 25, 2026

GSOL (Grayscale Solana Staking ETF) and BITS (Global X Blockchain & Bitcoin Strategy ETF) are both Cryptocurrency funds. GSOL is actively managed, while BITS is passively managed. Their correlation of 0.92 suggests significant overlap in exposure. GSOL charges 0.35%/yr vs 0.65%/yr for BITS.

Performance

GSOL vs. BITS - Performance Comparison

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

Returns By Period

GSOL

• 1D: -4.06%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BITS

• 1D: -4.84%
• 1M: -14.26%
• YTD: -5.85%
• 6M: -9.20%
• 1Y: 4.90%
• 3Y*: 38.72%
• 5Y*: —
• 10Y*: —

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

GSOL vs. BITS - Yearly Performance Comparison

	2026 (YTD)
GSOL Grayscale Solana Staking ETF	-17.88%
BITS Global X Blockchain & Bitcoin Strategy ETF	-16.20%

Correlation

The correlation between GSOL and BITS is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	0.92

Return for Risk

GSOL vs. BITS — Risk / Return Rank

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

GSOL

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

BITS

BITS Risk / Return Rank: 11
BITS Sharpe Ratio Rank: 10
BITS Sortino Ratio Rank: 12
BITS Omega Ratio Rank: 12
BITS Calmar Ratio Rank: 10
BITS Martin Ratio Rank: 9

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. BITS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Solana Staking ETF (GSOL) and Global X Blockchain & Bitcoin Strategy ETF (BITS). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GSOL	BITS	Difference
Sharpe ratio: Return per unit of total volatility	—	0.09	—
Sortino ratio: Return per unit of downside risk	—	0.51	—
Omega ratio: Gain probability vs. loss probability	—	1.06	—
Calmar ratio: Return relative to maximum drawdown	—	0.10	—
Martin ratio: Return relative to average drawdown	—	0.18	—

Drawdowns

GSOL vs. BITS - Drawdown Comparison

The maximum GSOL drawdown since its inception was -22.60%, smaller than the maximum BITS drawdown of -83.11%. Use the drawdown chart below to compare losses from any high point for GSOL and BITS.

Drawdown Indicators

	GSOL	BITS	Difference
Max Drawdown Largest peak-to-trough decline	-22.60%	-83.11%	+60.51%
Max Drawdown (1Y) Largest decline over 1 year	—	-48.38%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-48.38%	—
Current Drawdown Current decline from peak	-19.35%	-38.01%	+18.66%
Average Drawdown Average peak-to-trough decline	-13.23%	-42.62%	+29.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	26.93%	—

Volatility

Volatility by Period

	GSOL	BITS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	15.28%	—
Volatility (6M) Calculated over the trailing 6-month period	—	40.87%	—
Volatility (1Y) Calculated over the trailing 1-year period	82.02%	53.44%	+28.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	82.02%	60.88%	+21.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.02%	60.88%	+21.14%

GSOL vs. BITS - Expense Ratio Comparison

GSOL has a 0.35% expense ratio, which is lower than BITS's 0.65% expense ratio.

Dividends

GSOL vs. BITS - Dividend Comparison

GSOL has not paid dividends to shareholders, while BITS's dividend yield for the trailing twelve months is around 24.21%.

Position	TTM	2025	2024	2023	2022	2021
BITS Global X Blockchain & Bitcoin Strategy ETF	24.21%	22.80%	29.49%	13.69%	0.48%	1.90%
GSOL Grayscale Solana Staking ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GSOL and BITS in my portfolio?

With a correlation of 0.92, GSOL and BITS move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, GSOL or BITS?

On fees, GSOL is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GSOL or BITS?

GSOL is cheaper with a 0.35% expense ratio, compared with 0.65% for BITS.

Which ETF pays a higher dividend yield, GSOL or BITS?

BITS has the higher dividend yield at 24.21%, compared with 0.00% for GSOL.

What is the main difference between GSOL and BITS?

They also come from different issuers: Grayscale and Global X. Their fees differ too: 0.35% for GSOL and 0.65% for BITS.