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<p><span style="font-weight: 400;">Grayscale has launched a new fund that stakes cryptocurrencies to generate income for investors.</span></p> 
<p><span style="font-weight: 400;">The company’s CEO, Michael Sonnenshein, called the new fund “an important expansion” of the company’s product suite.&nbsp;</span></p> 
<p><img decoding="async" src="https://walletinvestormagazine.b-cdn.net/wp-content/uploads/2022/11/109088345_2611375612412355_3019961552962494168_n.png" alt="Grayscale Launches Funds Trust and Files for Three New Crypto ETFs - WalletInvestor Magazin - Investing news"></p> 
<h2 id="span-style-font-weight-400-grayscale-investors-can-participate-in-multi-asset-staking-span"><span style="font-weight: 400;">Grayscale Investors Can Participate In Multi-Asset Staking</span></h2> 
<p><span style="font-weight: 400;">Sonnenshein said the new fund gives investors access to “multi-asset staking” through a convenient and familiar “singular investment vehicle.”</span></p> 
<p><span style="font-weight: 400;">The Grayscale Dynamic Income Fund (GDIF) will initially hold assets for nine blockchain networks, Grayscale said in a Mar. 5 <a href="https://finance.yahoo.com/news/grayscale-advisors-investment-opportunity-aims-160000919.html">press releasae</a>.</span></p> 
<p><span style="font-weight: 400;">These are Aptos (APT), Coinbase Staked Ethereum (CBETH), Polkadot (DOT), Near (NEAR), Solana (SOL), Celestia (TIA), Osmosis (OSMO), SEI Network (SEI) and Cosmos (ATOM). Rewards will be distributed on a quarterly basis and paid in U.S. dollars.</span></p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">I’m increasingly getting bullish on the use of Aptos blockchain in AI, Depin, mass social networks, and now with this news, the utility of the token will by increasingly recognized by the mainstream public.</p> 
 <p>2024 is the year for <a href="https://twitter.com/Aptos?ref_src=twsrc%5Etfw">@Aptos</a>.<a href="https://t.co/dg6zqLAz1A">https://t.co/dg6zqLAz1A</a></p> 
 <p>— JC | TowneSquare (@realjcz) <a href="https://twitter.com/realjcz/status/1765178340619460910?ref_src=twsrc%5Etfw">March 6, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p><span style="font-weight: 400;">GDIF will not only give investors access to the passive income presented by crypto staking, but will also see </span><a href="https://insidebitcoins.com/news/grayscales-bitcoin-etf-must-slash-fees-or-lose-share-to-blackrock-and-fidelity-funds-with-competitive-advantages-jpmorgan-says"><span style="font-weight: 400;">Grayscale</span></a><span style="font-weight: 400;"> become more involved in the consensus of the nine networks it will initially hold assets for.</span></p> 
<p><span style="font-weight: 400;">The networks the company has selected to feature in the fund all implement a Proof of Stake (PoS) consensus mechanism. This is a more eco-friendly alternative to the Proof of Work (PoW) consensus algorithm Bitcoin (BTC) is built off.</span></p> 
<p><span style="font-weight: 400;"> Instead of having to solve complex mathematical puzzles to validate blocks, as is the case with PoW networks, PoS chains select network validators based on their stake in the network’s native crypto.</span></p> 
<h2 id="span-style-font-weight-400-grayscale-bitcoin-etf-outflows-continue-span"><span style="font-weight: 400;">Grayscale Bitcoin ETF Outflows Continue</span></h2> 
<p><span style="font-weight: 400;">The launch of DGIF comes as&nbsp; Grayscale’s spot Bitcoin ETF, GBTC, continues to haemorrhage funds</span><span style="font-weight: 400;">.</span></p> 
<p><span style="font-weight: 400;">Since its conversion to a spot Bitcoin ETF (exchange-traded fund), GBTC has seen almost $10 billion in outflows, according to a Mar. 5 post on X by Bloomberg ETF analyst Eric Balchunas.</span></p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24GBTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$GBTC</a> has seen almost $10b in outflows yet has the same amount of assets it did on launch day. Seems like magic, but it's the bull market subsidy and same physics keeping outflow-ridden active equity mutual funds with massive assets still (albeit mirage-y since customers have… <a href="https://t.co/zPiACOvNOQ">https://t.co/zPiACOvNOQ</a></p> 
 <p>— Eric Balchunas (@EricBalchunas) <a href="https://twitter.com/EricBalchunas/status/1765103692431466931?ref_src=twsrc%5Etfw">March 5, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p><span style="font-weight: 400;">Despite these substantial outflows, he noted that GBTC’s assets under management remain at close to the same level when the fund converted to an ETF at the start of the year because of </span><a href="https://coinmarketcap.com/currencies/bitcoin/"><span style="font-weight: 400;">Bitcoin’s surging price.</span></a><span style="font-weight: 400;">&nbsp;</span></p> 
<p><span style="font-weight: 400;">This surge in the market leader’s price has helped GBTC maintain its pre-conversion revenue levels despite the exodus of investors.</span></p> 
<h3 id="span-style-font-weight-400-related-articles-span"><span style="font-weight: 400;">Related Articles:</span></h3> 
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Bitcoin ETF Titan Grayscale Launches A Crypto Staking Fund To Offer Income To Investors

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