LATEST: Grayscale Introduces Proof-of-Stake Investment for Millionaires

Grayscale is stepping into the future of cryptocurrency investments with the introduction of its “dynamic income fund,” focusing on proof-of-stake tokens. The new fund, named GDIF, is specifically designed for accredited investors boasting a net worth of at least $2.2 million. As Grayscale’s premier actively managed investment product, GDIF aims to harness staking rewards from proof-of-stake digital assets, managing the complexities of staking and unstaking various tokens to distribute rewards to its investors.

This venture follows Grayscale’s successful spot bitcoin ETF, which has been a game-changer for investors looking to dive into cryptocurrency without direct purchasing. The ETF, approved and regulated by the Securities and Exchange Commission, has grown to be the largest in asset management, despite facing a significant drop in value since its launch in January. GDIF, not bound by the U.S. Securities Act of 1933 or the Investment Company Act of 1940, promises a unique investment avenue, free from the typical constraints and offering no standard investor protections.

Source

80.9K Reads