Grayscale launches new pledge income fund designed for high-net-worth individuals

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

According to the asset management company’s announcement on Friday, the actively managed investment product optimizes returns through staking rewards tied to Proof-of-Stake (PoS) digital assets.

Friday’s announcement also spelled out key steps for the fund, which include raising capital from investors, allocating capital to a portfolio of proof-of-stake tokens using qualitative and quantitative factors, staking tokens to earn rewards, weekly Convert token rewards into cash and distribute cash to investors quarterly while rebalancing tokens 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.

The Asset Management Company clarifies that token holdings may vary at the discretion of the Management Company and the percentage allocated to each token may not total 100% due to rounding.

In order to deepen the understanding of grayscale images, a new study proposes that pledge parties and investors actively participate in verifying blockchain network transactions, and at the same time earn pledge rewards from the 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 acts as a simplification and guarantor in the world of digital currencies, unblocking the complexities associated with staking 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 this space with its GBTC The ETF saw only modest 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.

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