Grayscale’s GDIF will enable investors to earn income passively by staking APT, TIA, CBETH, ATOM, NEAR, OSMO, DOT, SEI, and SOL.
Grayscale Investments has launched a new fund called Grayscale Dynamic Income Fund (GDIF), managed by Grayscale Advisors, allowing investors to stake and earn income through the altcoin market. According to the announcement, GDIF will first utilize nine top blockchains, including Aptos (APT), Celestia (TIA), Coinbase Collateralized Ethereum (CBETH), Cosmos (ATOM), Near (NEAR), Osmosis (OSMO), Polkadot ( DOT), SEI Network (SEI) and Solana (SOL).
Rewards received from the GDIF staking program will be distributed to qualified investors on a quarterly basis. Notably, GDIF will be managed by Grayscale Advisors, LLC, an experienced SEC registered investment advisor with many years of experience in the web3 space.
Grayscale CEO Michael Sonnenshein noted, “As our first actively managed fund, GDIF is critical to the expansion of our product offering, allowing investors to participate in multi-asset staking through a convenient and familiar investment vehicle.”
Grayscale Advisors focuses on investors with net worth of at least $2.2 million, excluding primary residence, and $1.1 million in assets under management.
GDIF and the cryptocurrency staking industry
The launch of GDIF is critical to the stability of PoS (Proof of Stake) protected blockchains, coinciding with the web3 ecosystem and mainstream adoption of digital assets. PoS validators receive rewards for each successfully closed block, making it a lucrative investment compared to PoW (Proof of Work) consensus methods, which require regular hardware updates and are subject to fluctuations in power consumption.
However, the Grayscale Dynamic Income Fund has been criticized for overlooking some of the top staking blockchains such as Cardano (ADA) and Sui (SUI), among others. Furthermore, Grayscale has significant influence in the cryptocurrency market, especially through its high assets under management (AUM). Additionally, Grayscale’s GBTC is the largest issuer of spot Bitcoin ETFs compared to highly competitive fund managers like BlackRock Inc (NYSE: BLK).
However, Grayscale Advisors may further diversify the GDIF fund to attract more investors in the near future. Additionally, each staking blockchain offers a different APY, and the associated tokens grow independently depending on the underlying protocol.
market inspection
The launch of GDIF coincides with the ongoing crypto bull market awakening. Bitcoin surged towards its all-time high (ATH) for the first time in the history of Bitcoin’s bull cycle for the first time more than a month before the halving event. Therefore, most experts believe that this bull market cycle may be a super cycle driven by institutional investors.
Notably, the global cryptocurrency market capitalization has stabilized at over $2.6 trillion, driven by significant capital inflows over the past few months. Bitcoin remains the top choice among institutional investors due to its scarcity and deep liquidity. #Grayscale #加密质押基金
