Grayscale Investments has announced the launch of a new “dynamic income fund” (GDIF) dedicated to proof-of-stake cryptocurrencycurrencies. This investment vehicle is Grayscale’s first entry into actively managed products and is limited to accredited investors with a net worth of at least $2.2 million.
In a description, Grayscale indicated that the fund, signified by the ticker GDIF, is solely for eligible investors with a net worth of at least $2.2 million. Furthermore, the company announced that GDIF will be Grayscale’s “first actively managed investment product.”
The GDIF seeks to produce revenue for investors by leveraging on the staking benefits provided by proof-of-stake blockchains. The fund will provide incentives to its investors and handle the staking and unstaking of several tokens.
The Securities and Exchange Commission has approved and regulated Grayscale’s spot bitcoin ETF, allowing investors to gain exposure to the cryptocurrencycurrency without having to purchase it directly.
According to Grayscale’s disclosures, the GDIF is not registered under the U.S. Securities Act of 1933 or any state securities laws.
According to the disclosures, the fund “will not be registered as an investment company under the U.S. Investment Company Act of 1940 … and will not be required to adhere to certain restrictions and requirements under the Investment Company Act, and investors will not be afforded the protections of the Investment Company Act.”
