The Grayscale Dynamic Income Fund (GDIF)
Grayscale Investments, an asset management firm, has introduced a new staking fund called the Grayscale Dynamic Income Fund (GDIF). This is the first actively managed investment product by Grayscale that focuses on multi-asset staking. The GDIF allows investors to stake digital assets and receive income in U.S. Dollars. It aims to optimize income from staking rewards associated with Proof-of-Stake (PoS) digital assets, with capital appreciation as a secondary goal. The fund has been active since February 29 and currently supports nine cryptocurrencies.
Grayscale Now Exploring Staking Reward Schemes
The timing of the launch of GDIF is perfect considering the current state of the crypto market. Bitcoin recently reached a new all-time high above $69,000. However, the market price of Bitcoin has experienced intense volatility and has corrected to $63,390.98 with a 5.83% decline in the last 24 hours.
To determine which protocols are included in GDIF, Grayscale utilizes a system that measures qualitative and quantitative factors such as staking rewards, market capitalization, and liquidity. While the offering is only accessible to “qualified” clients, the eligibility criteria have not been clearly defined and may be subject to demand.
By
By
By