{"id":11355,"date":"2024-03-06T14:27:13","date_gmt":"2024-03-06T12:27:13","guid":{"rendered":"https:\/\/forklog.com\/en\/grayscale-launches-staking-based-crypto-fund\/"},"modified":"2024-03-06T14:27:13","modified_gmt":"2024-03-06T12:27:13","slug":"grayscale-launches-staking-based-crypto-fund","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/grayscale-launches-staking-based-crypto-fund\/","title":{"rendered":"Grayscale Launches Staking-Based Crypto Fund"},"content":{"rendered":"<p>Grayscale Investments, a cryptocurrency asset management firm, has announced the launch of an investment fund where income will be generated through staking digital currencies.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">As we&#8217;ve built our product family, we&#8217;ve only ever incorporated passive strategies. This week, that changes.<br \/>Meet Grayscale Dynamic Income Fund (GDIF), our first actively managed investment product, focused on multi-asset staking. Here\u2019s how it works: (1\/5) <a href=\"https:\/\/t.co\/oJEAskutXG\">pic.twitter.com\/oJEAskutXG<\/a><\/p>\n<p>\u2014 Grayscale (@Grayscale) <a href=\"https:\/\/twitter.com\/Grayscale\/status\/1765079078527463492?ref_src=twsrc%5Etfw\">March 5, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The structure will be operated by a subsidiary, Grayscale Advisors.<\/p>\n<p>To select the assets supported by the Grayscale Dynamic Income Fund (GDIF), the firm used &#8220;qualitative and quantitative factors,&#8221; including staking rewards, market capitalization, and liquidity.<\/p>\n<p>Initially, the fund&#8217;s portfolio consists of nine tokens: Aptos (APT), Celestia (TIA), Coinbase Staked Ethereum (CBETH), Cosmos (ATOM), Near (NEAR), Osmosis (OSMO), Polkadot (DOT), SEI Network (SEI), and Solana (SOL).<\/p>\n<p>Income distribution and rebalancing are planned to occur quarterly.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cAs our first actively managed fund, GDIF is an important expansion of our product line, allowing investors to participate in multi-asset staking with the convenience and recognition of a single investment vehicle,\u201d said Grayscale CEO Michael Sonnenshein.<\/p>\n<\/blockquote>\n<p>Participation in the fund is available only to qualified investors. This category of market players in the US can invest in products that have not yet received approval from the <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span>.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cGDIF aims to optimize income in the form of staking rewards, with capital appreciation from such investments being a secondary goal,\u201d noted Grayscale.\u00a0<\/p>\n<\/blockquote>\n<p>The most popular asset among stakers is Ethereum, with the market capitalization of locked coins reaching $120 billion. This volume of 31.5 million ETH constitutes 26% of the total issuance.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"389\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Compound-Crypto-Proof-of-Stake-Coins-Staking-Rewards-Google-Chrome-1024x389.jpg\" alt=\"Compound-Crypto-Proof-of-Stake-Coins-Staking-Rewards-Google-Chrome\" class=\"wp-image-227602\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Compound-Crypto-Proof-of-Stake-Coins-Staking-Rewards-Google-Chrome-1024x389.jpg 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Compound-Crypto-Proof-of-Stake-Coins-Staking-Rewards-Google-Chrome-300x114.jpg 300w, https:\/\/forklog.com\/wp-content\/uploads\/Compound-Crypto-Proof-of-Stake-Coins-Staking-Rewards-Google-Chrome-768x292.jpg 768w, https:\/\/forklog.com\/wp-content\/uploads\/Compound-Crypto-Proof-of-Stake-Coins-Staking-Rewards-Google-Chrome.jpg 1218w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/www.stakingrewards.com\/assets\/proof-of-stake\">Staking Rewards<\/a>.<\/figcaption><\/figure>\n<p>However, the cryptocurrency lags behind several competitors like Sui, with nearly 83%. Staking rewards for many projects are also higher. For instance, Solana offers 7.3% annually compared to 4.4%.<\/p>\n<p>As reported, Grayscale experts <a href=\"https:\/\/forklog.com\/en\/news\/grayscale-ethereum-to-mature-with-dencun-launch\">stated<\/a> that Ethereum will &#8220;mature&#8221; following the <a href=\"https:\/\/forklog.com\/en\/news\/how-eip-4844-will-affect-ordinary-ethereum-users\">Dencun<\/a> upgrade, which will reduce fees and increase network scalability.<\/p>\n<p>Blockchain developers have <a href=\"https:\/\/forklog.com\/en\/news\/ethereum-developers-set-date-for-dencun-upgrade-on-mainnet\">scheduled<\/a> the upgrade for March 13.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Grayscale Investments, a cryptocurrency asset management firm, has announced the launch of an investment fund where income will be generated through staking digital currencies. As we&#8217;ve built our product family, we&#8217;ve only ever incorporated passive strategies. This week, that changes.Meet Grayscale Dynamic Income Fund (GDIF), our first actively managed investment product, focused on multi-asset staking. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11354,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1289,1285,943],"class_list":["post-11355","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-staking","tag-funds","tag-grayscale-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"67","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/11355","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=11355"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/11355\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/11354"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=11355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=11355"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=11355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}