Asset management firm Grayscale has launched a new “Dynamic Income Fund” (GDIF) focused on staking returns, designed specifically for high-net-worth individuals.
Grayscale launches dynamic income fund
The actively managed investment product seeks to optimize returns through staking rewards associated with Proof-of-Stake (PoS) digital assets, according to an announcement from the asset manager on Friday.
Friday’s announcement also spelled out key steps for the fund, which include raising capital from investors, allocating capital to a proof-of-stake token portfolio using qualitative and quantitative factors, staking tokens to earn rewards, and distributing tokens weekly Rewards are converted into cash, which is distributed to investors quarterly, while tokens are rebalanced based on demand to maximize returns.
Grayscale hinted that GDIF will initially include tokens such as Osmosis (OSMO), Solana (SOL), Polkadot (DOT), and others to be announced soon.
However, the asset manager clarified that the tokens held may change at the manager’s discretion and that the percentages allocated to each token may not sum to 100% due to rounding.
To understand Grayscale’s new initiative more deeply, staking involves investors actively participating in validating blockchain network transactions and earning staking rewards from transaction fees for their services. To stake, investors stake a certain amount of tokens into the network, allowing them to contribute to its security and governance.
Grayscale aims to simplify the complexities associated with staking and unstaking multiple tokens, as each token has its own unique staking and unstaking requirements and timelines.
It’s worth noting that GDIF is only open to qualified clients, defined as individuals with $1.1 million in assets under management or $2.2 million in net worth.
Bitcoin ETF market shows strong rebound
The Bitcoin ETF market has witnessed significant developments over the past few days, according to new data from BitMEX Research. In particular, the $887 million in outflows reported last week has almost reversed course, indicating a resurgence in investor interest.
Grayscale is one of the well-known players in the space, and its GBTC ETF saw only minor outflows of $1.049 million on Thursday, its lowest level since March 12, as shown in the chart below.
In contrast, Grayscale's rivals posted a strong performance, recording $84.4 million in net inflows in just four days. On March 28, Blackrock’s ETF IBIT emerged as the front-runner, achieving a significant increase of $95.1 million. On the same day, Fidelity’s FBTC followed suit, achieving an inflow of $68 million.
However, it's worth noting that these figures represent a significant decline from the best-performing periods in the history of both asset managers.
Blackrock's ETF IBIT peaked on March 12 with total inflows of more than $849 million. Likewise, Fidelity’s FBTC experienced its highest inflows on March 7, reaching $473 million.
BitMEX research data further shows that since trading began on January 11, the cumulative flow of the Bitcoin ETF market has approached $1.25 billion in just three months. #Grayscale #动态收益基金
