Connecticut, Monday, April 8, 2024 – A new investment tool, the Grayscale Dynamic Income Fund (GDIF), was launched to assist clients in maximizing their earnings from staking rewards when managing their portfolios, Grayscale said recently. 1
Grayscale’s Dynamic Income Fund (GDIF) is an investment vehicle designed to generate income for investors through cryptocurrency staking.
Unlike some passively managed Grayscale products, GDIF is actively managed by Grayscale Advisors, allowing them to choose and weight specific proof-of-stake cryptocurrencies within the fund.
Proof-of-stake blockchains rely on holders to “stake” their coins to secure the network, and in return, these holders earn rewards.
GDIF aims to convert these staking rewards from various cryptocurrencies into U.S. dollars on a weekly basis, with these USD payouts then distributed to investors quarterly.
It is important to note that GDIF is a new product launched in October 2023, so long-term performance data is not yet available.
The GDIC will be exclusively for clients who either hold more than $1.1 million in assets under management or exceed the net worth of $2.2 million, the resource stated. 2
- grayscale.com: https://www.grayscale.com/private-funds/gdif [↩]
- binance.com: https://www.binance.com/en/square/post/6085729448633))
The capital carried by the clients will be invested in the fund scheme through a portfolio of tokens concerning quantitative and qualitative factors, and the tokens will be staked to earn rewards.
Osmosis (OSMO), Solana (SOL), and Polkadot (DOT), the three Proof of Stake (PoS) tokens with portions of 24%, 20%, and 14%, would be supported in the fund, respectively, whereas 43% represent other tokens, Grayscale revealed. ((binance.com: https://www.binance.com/en/square/post/6085729448633[↩]
