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Grayscale Launches Crypto Investment Trust "GDIC" Focused on Staking-Related Stocks

Grayscale shakes up the investment world with the launch of its Dynamic Income Fund (GDIC) on March 29, 2024.

This innovative fund targets the lucrative realm of staking rewards, offering investors a unique opportunity to delve into Proof of Stake (PoS) cryptocurrencies.

Ideal for high-net-worth individuals, this fund represents a pioneering approach to crypto investment, merging the traditional with the avant-garde.

Grayscale Announces the Grayscale Dynamic Income Fund (GDIC)

Grayscale, a leading investment trust management company in the United States, announced the launch of "Grayscale Dynamic Income Fund (GDIC)" on March 29, 2024.

The GDIC is a new investment fund that specializes in cryptocurrencies adopting Proof of Stake (PoS) and aims to optimize income in the form of PoS cryptocurrency staking rewards, distributing rewards to investors through the operation of staking in multiple stocks.

The fund plans to convert staking rewards into US dollars on a weekly basis and distribute them to investors quarterly. It has been reported that careful analysis is conducted in the selection of PoS stocks to be included in the portfolio.

Investing in PoS Stocks such as OSMO, SOL, and DOT

The fund invests in the following nine stocks, with the majority being "OSMO, SOL, DOT," and their proportions reported as "OSMO: 24%, SOL: 20%, DOT: 14%, Others: 43%":

  • Solana (SOL)
  • Aptos (APT)
  • Cosmos (ATOM)
  • Near (NEAR)
  • Polkadot (DOT)
  • Celestia (TIA)
  • Coinbase Staked ETH (cbETH)
  • Osmosis (OSMO)
  • SEI (SEI)
Grayscale
(Image: Grayscale)

These selected cryptocurrencies are known for their high staking rewards. According to "StakingRewards.com," the reward rates at the time of writing are "OSMO: 10.19%, SOL: 7.62%, DOT: 11.91%."

However, access to GDIC is limited to certain investors, with eligibility criteria including "having Assets Under Management (AUM) of more than $1.1 million" or "a net worth of more than $2.2 million."

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