Grayscale has announced the launch of a stacking exchange-traded fund
Investors will receive rewards in US dollars
The investment company Grayscale has announced the launch of a new cryptocurrency exchange-traded fund focused on stacking. The Grayscale Dynamic Income Fund (GDIF) will allow investors to participate in the stacking of several assets simultaneously and receive quarterly rewards for participating in the work of blockchains with the Proof of Stake (PoS) consensus algorithm.
Initially, GDIF will include nine assets: native tokens of the Aptos (APT), Celestia (TIA), Cosmos (ATOM), Near (NEAR), Osmosis (OSMO), Polkadot (DOT), SEI Network (SEI) and Solana (SOL) blockchains, as well as Ethereum coins placed in stacking using the service of the American crypto exchange Coinbase, Coinbase Staked Ethereum (CBETH). Grayscale will stack coins on behalf of investors and then pay them rewards in US dollars.
Grayscale is also the issuer of the largest bitcoin-based spot exchange-traded fund (ETF). Unlike the nine new funds that were also admitted to the American market on January 10 of this year, GBTC previously functioned as a bitcoin trust.
At the same time, its management fee is significantly higher compared to competitors (1.5%), and after the opening of trading, the product faced a significant outflow of funds.
Source: https://getblock.net/news/grayscale-announces-the-launch-of-a-staking-exchange-traded-fund
