Grayscale Launches New Institutional Crypto Fund With Staking Rewards

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Grayscale Launches New Institutional Crypto Fund With Staking Rewards
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On March 29, the firm announced its Grayscale Dynamic Income Fund stating that it is its first actively managed investment product.

“Using qualitative and quantitative factors, we invest capital across a portfolio of proof-of-stake tokens,” it stated. The remaining 43% was mysteriously labeled as “other,” and there was no mention of the world’s largest proof-of-stake token, Ethereum. The Portfolio Manager for GDIF is Matt Maximo, who has been with Grayscale Investments since 2021.

GBTC, the largest Bitcoin fund, converted to an ETF, but decided to charge 6x-8x the fees of other Bitcoin ETFs.

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