#GRAYSCALE - the renowned #bitcoinetf giant has introduced the Dynamic Income Fund.

The Grayscale Dynamic Income Fund (GDIF) will hold assets of 9 blockchains: Aptos, Celestia, Coinbase Staked Ethereum, Cosmos, Near, Osmosis, Polkadot, SEI Network and Solana.

The primary objective of the #GDIF is to distribute rewards in US dollars on a quarterly basis. Grayscale aims to capitalize on the potential of crypto staking, a process where users can earn rewards by participating in network validation activities.

While the cryptocurrency market experiences record highs, Grayscale's flagship product, the #gbtc ETF, has faced significant outflows. Since its conversion to an ETF on January 11, 2024, GBTC has seen a 33% reduction in #BTC holdings, amounting to record outflows of $9.266 billion. Reasons include high fees, competition from cheaper alternatives, and the sale of stakes by bankrupt cryptocurrency companies.

Grayscale Dynamic Income Fund (GDIF) is an investment product launched by Grayscale, aiming to maximize asset staking income by holding PoS tokens. In this fund, Osmosis (OSMO), Solana (SOL) and Polkadot (DOT) are the three main PoS tokens, accounting for 24%, 20% and 14% of the fund respectively. According to Stake Rewards, the staking reward rates for these three tokens are 11.09%, 7.42%, and 11.9% respectively.
#GDIF #OSMO #SOL🔥🔥🔥🔥 #DOT #POS $OSMO $SOL $DOT