GSOL vs. MSBT

Last updated Jun 4, 2026

GSOL (Grayscale Solana Staking ETF) and MSBT (Morgan Stanley Bitcoin Trust) are both Cryptocurrency funds. GSOL is actively managed, while MSBT is passively managed. With a 1.00 correlation, they move nearly in lockstep. GSOL charges 0.35%/yr vs 0.14%/yr for MSBT.

Performance

GSOL vs. MSBT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grayscale Solana Staking ETF (GSOL) and Morgan Stanley Bitcoin Trust (MSBT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GSOL

• 1D: -4.43%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSBT

• 1D: -2.70%
• 1M: -18.41%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GSOL vs. MSBT - Yearly Performance Comparison

	2026 (YTD)
GSOL Grayscale Solana Staking ETF	-12.36%
MSBT Morgan Stanley Bitcoin Trust	-10.80%

Correlation

The correlation between GSOL and MSBT is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	1.00

Return for Risk

GSOL vs. MSBT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Solana Staking ETF (GSOL) and Morgan Stanley Bitcoin Trust (MSBT). 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	MSBT	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-2.23	-1.33	-0.90

Drawdowns

GSOL vs. MSBT - Drawdown Comparison

The maximum GSOL drawdown since its inception was -12.36%, smaller than the maximum MSBT drawdown of -20.25%. Use the drawdown chart below to compare losses from any high point for GSOL and MSBT.

Drawdown Indicators

	GSOL	MSBT	Difference
Max Drawdown Largest peak-to-trough decline	-12.36%	-20.25%	+7.89%
Current Drawdown Current decline from peak	-12.36%	-20.25%	+7.89%
Average Drawdown Average peak-to-trough decline	-5.53%	-3.91%	-1.62%

Volatility

Volatility by Period

	GSOL	MSBT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	51.66%	32.92%	+18.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.66%	32.92%	+18.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.66%	32.92%	+18.74%

GSOL vs. MSBT - Expense Ratio Comparison

GSOL has a 0.35% expense ratio, which is higher than MSBT's 0.14% expense ratio.

Dividends

GSOL vs. MSBT - Dividend Comparison

Neither GSOL nor MSBT has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GSOL and MSBT in my portfolio?

With a correlation of 1.00, GSOL and MSBT 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 MSBT?

On fees, MSBT is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GSOL or MSBT?

MSBT is cheaper with a 0.14% expense ratio, compared with 0.35% for GSOL.

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

GSOL and MSBT have nearly identical dividend yields, around 0.00%.

What is the main difference between GSOL and MSBT?

They also come from different issuers: Grayscale and Morgan Stanley. Their fees differ too: 0.35% for GSOL and 0.14% for MSBT.