Grayscale’s New Staking Fund: For the Wealthy Only

Grayscale, a big player in the crypto world, has launched a new fund called the “Dynamic Income Fund” (GDIF). This fund focuses on investing in cryptocurrencies that use the “proof-of-stake” method.

What is Proof-of-Stake?

In proof-of-stake, investors help secure a blockchain network by “staking” their tokens. In return, they earn rewards in the form of new tokens.

What GDIF Does

GDIF will invest in proof-of-stake tokens like Solana, Polkadot, and others. The fund will actively manage these investments to maximize returns from staking rewards.

Who Can Invest?

GDIF is only open to “qualified clients” with at least $1.1 million in assets or a net worth of $2.2 million.

Bitcoin ETF Market Update

The Bitcoin ETF market has seen a rebound in recent days, with investors showing renewed interest. Grayscale’s GBTC ETF has seen minimal outflows, while competitors like Blackrock’s IBIT and Fidelity’s FBTC have recorded strong inflows.