Summary
Grayscale launched a new fund called Grayscale Dynamic Income Fund (GDIF) that aims to stake certain cryptos and distribute earnings back to investors in USD quarterly. The fund is actively managed and is open to qualified clients only. The staked crypto includes Aptos, Celestia, Coinbase Staked Ethereum, Cosmos, Near, Osmosis, Polkadot, Sei, and Solana. Grayscale converted its bitcoin trust to a bitcoin ETF in January.
Key Points
1. Grayscale launched a new fund called Grayscale Dynamic Income Fund (GDIF) which aims to stake certain cryptos and distribute earnings back to investors quarterly through USD. It is Grayscale’s first actively managed crypto fund.
2. The fund was seeded with internal capital from Grayscale in October of last year and has recorded gross returns of 142% and net fee returns of 127%. Only “qualified clients” are able to invest in GDIF, with specific thresholds set by the Securities and Exchange Commission.
3. The staked crypto in GDIF includes Aptos (APT), Celestia (TIA), Coinbase Staked Ethereum (CBETH), Cosmos (ATOM), Near (NEAR), Osmosis (OSMO), Polkadot (DOT), Sei (SEI) and Solana (SOL). Grayscale recently converted its bitcoin trust to a bitcoin ETF and Bitcoin locked in a new all-time high the same day GDIF was announced.