Grayscale announces fund aimed at optimizing staking rewards

A source close to Grayscale told Blockworks that the fund was seeded with Grayscale capital on Oct. 2, 2023

share

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.


Get the news in your inbox. Explore Blockworks newsletters:

  • Blockworks Daily: The newsletter that helps thousands of investors understand crypto and the markets, by Byron Gilliam.
  • Empire: Start your morning with the top news and analysis to inform your day in crypto.
  • Forward Guidance: Reporting and analysis on the growing intersection of crypto and macroeconomics, policy and finance.
  • 0xResearch: Alpha directly in your inbox. Market highlights, data, degen trade ideas, governance updates, token performance and more.
  • Lightspeed: Built for Solana investors, developers and community members. The latest from one of crypto’s hottest networks.
  • The Drop: For crypto collectors and traders, covering apps, games, memes and more.
Tags

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 18 - 20, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Industry City | Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Unlocked by Template (4).png

Research

Wormhole Settlement allows for a highly scalable liquidity venue to fill user intents into a multichain, multi-VM future. By concentrating solvers’ balance sheets on Solana, transaction costs associated with solvers rebalancing inventory across destinations are eliminated. With the ability to settle bridging, swapping, and arbitrary interactions, without the costs and frictions of fragmenting solver liquidity, Wormhole Settlement has the opportunity to settle a large share of volumes in the crosschain interoperability market with a beneficial framework for both users and solvers. 

article-image

Layer-2 Movement finally launched its mainnet yesterday

article-image

A new report from Dragonfly suggests that US users were geoblocked from billions in potential revenue

article-image

“Micro-advancements” take center stage in plans by Anza

article-image

The vote is in addition to the spending stopgap bill, proposed by House Republicans over the weekend

article-image

Strobe will finish deploying its initial $150M by end of year while raising a second fund

article-image

The hearing comes as the industry continues to quarrel over what stablecoin regulation should look like in the US