A source close to Grayscale told Blockworks that the fund was seeded with Grayscale capital on Oct. 2, 2023. by Katherine Ross /. March 5, 2024 05:42 pm. Grayscale CEO Michael Sonnenshein | Coinbase/”Invest:NYC 2019 Michael Sonnenshein Managing Director Grayscale Investments” (CC license). Grayscale announced the launch of a new fund Tuesday.. Grayscale Dynamic Income Fund (GDIF) aims to stake certain cryptos and distribute the earnings back to investors on a quarterly basis through USD. The fund is also Grayscale’s “first actively-managed crypto fund.”. “As our first actively managed Fund, GDIF is an important expansion of our product suite and enables investors to participate in multi-asset staking through the convenience and familiarity of a singular investment vehicle,” CEO Michael Sonnenshein said in a statement.. Read more: Grayscale is open to M&A-related opportunities, firm’s CEO says. The fund was seeded with internal capital from Grayscale in October of last year, a source close to Grayscale told Blockworks. So far, the fund has recorded gross returns of 142%, and net fee returns of 127%, the source continued.. “Qualified clients” are able to invest in GDIF, meaning it’s not open to the general public.. “A qualified client is a person that meets certain thresholds set by the [Securities and Exchange Commission] which for individuals are currently a net worth of at least $2.2 million, not including the value of their primary residence or assets under management of $1,100,000,” the press release announcing the fund clarified.. The staked crypto includes Aptos (APT), Celestia (TIA), Coinbase Staked Ethereum (CBETH), Cosmos (ATOM), Near (NEAR), Osmosis (OSMO), Polkadot (DOT), Sei (SEI) and Solana (SOL).. Grayscale, in January, converted its bitcoin trust to a bitcoin ETF following a legal battle with the SEC. Bitcoin (BTC) locked in a new all-time high the same day Grayscale announced GDIF, and the spot bitcoin ETFs topped $9.5 billion in volume, surpassing the previous record of $7.6 billion.. Don’t miss the next big story – join our free daily newsletter.. Tags. bitcoin etf. GBTC. Grayscale. staking. Newsletter. Blockworks Daily. Upcoming Events. Digital Asset Summit 2024. Hilton Metropole | 225 Edgware Rd, London. Mon – Wed, March 18 – 20, 2024. Crypto’s premier institutional conference returns to London in March 2024. The DAS: London Experience: Attend expert-led panel discussions and fireside chats Hear the latest developments regarding the crypto and digital asset regulatory environment directly from policymakers and experts.. buy ticketslearn more. Day 0x. HYATT REGENCY SALT LAKE CITY. TUES, OCT. 8, 2024. Guided by the expertise of Blockworks Research Analysts team, this one day event will feature senior leaders, entrepreneurs, and developers from across the crypto industry. Attendees will have the opportunity to participate in an immersive experience to explore the latest trends, . . learn more. Permissionless III. Salt Lake City, UT. WED – FRI, OCTOBER 9 – 11, 2024. Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains . . learn more. recent research. Research. Wormhole is a suite of open-source, permissionless protocols used to move assets and queries across blockchains. Despite being a common misconception, Wormhole is not just a token bridge. Nevertheless, protocols can build token bridges on top of Wormhole by leveraging the cross-chain messaging provided.. by Boccaccio. more from news. Select a tab. The bear market may have been grueling but bitcoin rushed back to record highs far quicker than previous cycles. by David Canellis /. March 5, 2024. Strong momentum around bitcoin ETFs and the upcoming bitcoin halving equate to a bullish outlook for BTC, industry watchers argue. by Ben Strack /. March 5, 2024. Before Grayscale converted its trust, Osprey’s trust was a competitor. by Katherine Ross /. March 5, 2024. This time around, the festival says it’s partnering with a “trusted, secure and safe partner” in OpenSea. by Jack Kubinec /. March 5, 2024. Euler will be introducing modular design with a relaunch that is expected to occur in Q2 of 2024. by Bessie Liu /. March 5, 2024. The concurrent resolution seeks to “encourage” pension fund managers to consider crypto in their allocations. by Casey Wagner /. March 5, 2024