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REGULATION
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11 months ago

Grayscale launches crypto staking fund called GDIC fund that will generate returns from staking rewards

2024-03-31

REGULATION
by
11 months ago

 

Grayscale Investments is a cryptocurrency asset management firm that offers variety of crypto investment products.

 

www.grayscale.com/private-funds/gdif


On Mar 29, 2024, Grayscale launched “Grayscale Dynamic Income Fund (GDIC)”.  The fund generates income from staking in proof-of-stake cryptocurrencies.

 

The GDIC fund will convert staking returns into US dollars every week. It plans to pay investors on a quarterly basis.

 

Grayscale will analyze and select proof-of-stake cryptocurrencies for the fund’s portfolio.

 


It has announced the list of 3 proof-of-stake cryptocurrencies including Osmosis (OSMO) accounts for 24%, Solana (SOL) 20%, and Polkadot (DOT) 14%. The remaining 43% will stake in other cryptocurrencies.

 

Osmosis currently offers 11.09% staking reward, Solana 7.42%, and Polkadot 11.9%.

 

GDIC is a private fund. Investors who meet the criteria can only invest in this fund. Investors are required to have more than $1.1 million asset under management or a net worth of more than $2.2 million. 

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