Grayscale launching proof-of-stake investment fund for millionaires | Headlines | News | CoinMarketCap
03/29/2024 22:05
Grayscale announced it is launching a "dynamic income fund" that will focus on investing in proof-of-stake tokens, the firm said in a post to X on …
Grayscale announced it is launching a "dynamic income fund" that will focus on investing in proof-of-stake tokens, the firm said in a post to X on Friday.
Grayscale said in a description that the fund, which has the ticker GDIF, is for accredited investors with a net worth of at least $2.2 million.
The firm also said GDIF will be Grayscale's "first actively managed investment product." Grayscale said the financial instrument will aim to "optimize income in the form of staking rewards associated with proof-of-stake digital assets," according to its statement. The fund will manage the staking and unstaking of multiple tokens and pass on rewards to its investors.
Grayscale's spot bitcoin ETF, which allows people to gain exposure to the cryptocurrency without having to purchase it …