<\/p>\n
Crypto asset manager Grayscale is launching a new product focused on income from staking rewards.<\/p>\n
In a new announcement, Grayscale says that it is launching<\/a> the Grayscale Dynamic Income Fund (GDIF), a new actively managed investment product that aims to earn profits from the staking rewards of proof-of-stake (PoS) crypto assets.<\/p>\n \u201cGDIF is our first actively managed investment product. It seeks to optimize income in the form of staking rewards associated with proof-of-stake digital assets.\u201d <\/em><\/p>\n According to Grayscale\u2019s website<\/a>, the GDIF works by investing customer funds into tokens of PoS blockchains that earn rewards. They would then be cashed out and distributed accordingly. Grayscale also says it would rebalance the fund\u2019s holdings as needed to optimize income.<\/p>\n Staked tokens are coins that are used to validate a blockchain\u2019s network transactions and are vital to the infrastructure of a PoS blockchain. Staking requires validators to devote tokens to the network, and in return, they earn rewards.<\/p>\n Grayscale says the GDIF, which was announced<\/a> earlier this month, will take those rewards, which are paid out in the blockchain\u2019s native asset, and convert them to US dollars.<\/p>\n \u201cIn return for securing the network through the validation of transactions, investors earn staking rewards. Staking rewards are paid in each blockchain\u2019s native token. For GDIF, staking rewards aim to be converted to USD weekly and aim to be paid quarterly to investors.\u201d<\/em><\/p>\n The GDIF marks another offering in Grayscale\u2019s expanding suite of institutional-scale crypto products.<\/p>\n In January, the firm added<\/a> a Bitcoin (BTC<\/a>) exchange-traded fund (ETF) after a years-long battle with the U.S. Securities and Exchange Commission (SEC) and is now looking to include<\/a> a mini BTC Trust and an ETF centered<\/a> around smart contract platform Ethereum (ETH<\/a>).<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>  <\/p>\n Generated Image: Midjourney<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Crypto asset manager Grayscale is launching a new product focused on income from staking rewards. In a new announcement, Grayscale says that it is launching the Grayscale Dynamic Income Fund (GDIF), a new actively managed investment product that aims to earn profits from the staking rewards of proof-of-stake (PoS) crypto assets. \u201cGDIF is our first […]<\/p>\n","protected":false},"author":2,"featured_media":274649,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-274648","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/274648","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=274648"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/274648\/revisions"}],"predecessor-version":[{"id":274654,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/274648\/revisions\/274654"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/274649"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=274648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=274648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=274648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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