Cardano

Dynamic

Bitcoin ETF

<ul>
 <li>Grayscale introduced GDIF, its first actively managed fund to capitalize on crypto staking.</li>
 <li>Assets from nine different blockchains will first be housed in the GDIF.</li>
</ul>
A recent introduction of Grayscale’s Dynamic Income Fund (GDIF) raised concerns from Cardano Founder <a href="https://thenewscrypto.com/cardano-founder-charles-hoskinson-addresses-nami-wallet-malfunction/" target="_blank" rel="noopener noreferrer nofollow">Charles Hoskinson</a>, who wondered why the fund did not initially include Cardano (ADA) in its asset selection. Grayscale, well-known for its Bitcoin ETF and other cryptocurrency investment products, introduced GDIF, its first actively managed fund, with the intention of capitalizing on the craze for crypto staking.
Assets from nine different blockchains will first be housed in the <a href="https://thenewscrypto.com/grayscale-launches-dynamic-income-fund-for-multi-asset-staking/" target="_blank" rel="noopener noreferrer nofollow">GDIF</a>. In order to provide investors a taste of multi-asset staking via one investment instrument, the fund plans to pay out dividends in US dollars every three months.
<h3 class="wp-block-heading" id="h-surprised-over-exclusion">Surprised Over Exclusion</h3>
But Hoskinson seems dissatisfied that the GDIF did not include ADA. “No ADA?” was the response the <a href="https://thenewscrypto.com/cardano-founder-charles-hoskinson-addresses-nami-wallet-malfunction/" target="_blank" rel="noopener noreferrer nofollow">Cardano</a> creator sent in response to Grayscale’s GDIF post on twitter. The importance of Cardano’s staking mechanism in the blockchain ecosystem is highlighted by this. Unlike <a href="http://bitcoin.org" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a>, which uses a proof-of-work methodology, Cardano uses a proof-of-stake consensus process.
Cardano is one example of a proof-of-stake network, where token holders may stake their assets to verify transactions and keep the network running. In exchange for their contributions to the decentralization and security of the network, stakers get incentives. Nevertheless, Grayscale opted out of including this well-known staking option into their own cryptocurrency fund, GDIF.
However, by contemplating ADA as an investment option for two of its funds, Grayscale has shown substantial interest. Cardano, at 1.62% as of January 4, 2024, is one of the main components of the GDLC fund. Solana and Cardano both have sizable holdings in Grayscale’s GSCPxE Fund’s portfolio, with 44.54% and 19.77%, respectively.
Highlighted Crypto News Today:
<a href="https://thenewscrypto.com/grayscale-launches-dynamic-income-fund-for-multi-asset-staking/" target="_blank" rel="noopener noreferrer nofollow">Grayscale Launches Dynamic Income Fund for Multi-Asset Staking</a>

Cardano Founder Questions ADA’s Exclusion from Grayscale’s New Fund

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