Do you have plans to invest in the 9 tokens on GrayScale's GDIF list?

[KryptoBull]

Grayscale Investments is the world's largest digital asset manager with GBTC, a BTC-based investment product that is closely watched by the crypto community as it is the main outflow of BTC Spot ETF. Being accepted into GrayScale products such as GDLC or GrayScale Trust ^[1] can be seen as a success for the token as it gains recognition and stable buying power from GrayScale.

Grayscale Investments has launched the Grayscale Dynamic Income Fund (GDIF), which allows investors to earn staking rewards on nine cryptocurrencies: Aptos (APT), Celestia (TIA), Coinbase Staked Ethereum (CBETH), Cosmos (ATOM), Near (NEAR), Osmosis (OSMO), Polkadot (DOT), SEI Network (SEI), and Solana (SOL).

GDIF will allow investors to participate in staking without having to deal with the complex technical aspects. Grayscale will make the capital allocation decisions for staking, and will handle the staking and unstaking process in order to maximize returns. Investors simply need to purchase shares, and Grayscale will stake the tokens, convert the staking rewards to USD weekly, and then distribute them to investors quarterly ^[2].

Of course I cannot participate in GDIF because GDIF is only available to qualified clients: those with assets under management of 1.1M USD or a net worth of 2.2M USD. I can only say that the launch of GDIF in the context of the staking and restaking trend is not a coincidence. GrayScale has been very quick to recognize the need for investors to access staking rewards in the market.

The tokens that appear in GDIF will become more valuable and will have additional indirect investors through GrayScale. I believe that the price of these tokens will have strong growth in the future. Immediately after GrayScale's announcement of GDIF on March 5th ^[3], we saw a daily price increase for many tokens (calculated from the lowest price on March 5th to the highest price since then): APT +22%, TIA +19%, ATOM +32%, NEAR +70%, OSMO +26%, DOT +33%, SEI +57%, SOL +39%. Of course, I don't think this is just a coincidence.

Honestly, I'm currently DCAing BTC and only plan to start DCAing Altcoins after the Halving. APT, ATOM, DOT, NEAR, and SEI are all on my watchlist, I don't think I'll have a chance to buy these Altcoins at the bottom price this year anymore. Although I regret it, I will still congratulate the holders of these tokens.

I'd like to know your opinion on GDIF:

• Do you think GDIF will become a new bullish driver for the 9 tokens on the list?
• Do you hold any tokens on GDIF's list?
• Has GDIF caught your attention and are you planning to invest in the tokens on the GDIF list?

References:
[1] GrayScale: Crypto Products
[2] GrayScale: Grayscale Dynamic Income Fund
[3] Grayscale announces fund aimed at optimizing staking rewards
Note:

• My opinion was posted first in that topic, on Bitcointalk
• I leave the source link to avoid plagiarism accusation.
• I excluded/ included minor things from an original thread ^{if necessary}.

[joniboini]

I'd like to know your opinion on GDIF:

• Do you think GDIF will become a new bullish driver for the 9 tokens on the list?
• Do you hold any tokens on GDIF's list?
• Has GDIF caught your attention and are you planning to invest in the tokens on the GDIF list?

1. The effect is already apparent, so yeah it will be a short-term bullish driver for the tokens listed above, although I'm not sure how often will this list change or how reliable their listing criteria are. I guess they pick the most popular staking-based blockchain so they reduce their exposure to risky blockchain networks, Solana is quite famous for having outages regularly yet they still list it.
2. I do hold some of them since alt season is likely coming soon, but I probably won't hold them for long.
3. I think it is similar to other indexes, the difference is probably that they explicitly help users to earn passive income on multiple blockchains. I don't really like the idea of centralizing staking activity like this, especially when it involves multiple blockchains. So while I might be able to profit from this, I'd hope that the demand is low. [/list]

[hugeblack]

For years, Grayscale Investments in altcoins has puzzled me. It is not the first time they have announced a list of currencies, but you can track the historical performance of those currencies in 2021 and then know whether they are good investments or not.

So far, I have not found an explanation or correlation between the pairs of altcoins that they invest in. Does anyone know what the common denominator is between Aptos (APT), Celestia (TIA), Coinbase Staked Ethereum (CBETH), Cosmos (ATOM), Near (NEAR), Osmosis? (OSMO), Polkadot (DOT), SEI Network (SEI), and Solana (SOL)?

[MrSpasybo]

Honestly, I'm currently DCAing BTC and only plan to start DCAing Altcoins after the Halving. APT, ATOM, DOT, NEAR, and SEI are all on my watchlist, I don't think I'll have a chance to buy these Altcoins at the bottom price this year anymore. Although I regret it, I will still congratulate the holders of these tokens.

I'd like to know your opinion on GDIF:

• Do you think GDIF will become a new bullish driver for the 9 tokens on the list?
• Do you hold any tokens on GDIF's list?
• Has GDIF caught your attention and are you planning to invest in the tokens on the GDIF list?

1. I think this event will have a positive impact on the tokens on the list because they are being mentioned in articles on crypto news websites. The price increase of tokens such as NEAR, DOT, ATOM in the past few days to escape the accumulation zone has reconfirmed this.

2. A small part of my portfolio is in DOT, ATOM, NEAR tokens. Unfortunately I don't have APT, SEI and TIA yet, they are new tokens. Due to fear, I also skipped SOL in 2023, which is really unfortunate 

3. Thanks to GDIF, I pay more attention to APT + SEI + TIA. Maybe I will consider investing in them in the near future, if the price of these tokens will adjust to the re-accumulation price zone.

[I-Bit]

Grayscale Investments has launched the Grayscale Dynamic Income Fund (GDIF), which allows investors to earn staking rewards on nine cryptocurrencies: Aptos (APT), Celestia (TIA), Coinbase Staked Ethereum (CBETH), Cosmos (ATOM), Near (NEAR), Osmosis (OSMO), Polkadot (DOT), SEI Network (SEI), and Solana (SOL).

I only choose a few coins among those coins. DOT, SOL, APT, and TIA. Maybe I will consider ATOM and NEAR. But I won't buy the other coins such as OSMO, SEI, and CBETH. Although Grayscale has their big reasons for these coins, we also must have our own reasons to invest in some coins. For me, I will choose the coins with high market caps only.

[hugeblack]

3. Thanks to GDIF, I pay more attention to APT + SEI + TIA. Maybe I will consider investing in them in the near future, if the price of these tokens will adjust to the re-accumulation price zone.

There is no link between these projects, and therefore investing in GrayScale's GDIF list will lead to a positive result once, and they may sell it after that, or it may turn into a pump dump coin, especially since the list contains many cryptocurrencies.

[KryptoBull]

There is no link between these projects, and therefore investing in GrayScale's GDIF list will lead to a positive result once, and they may sell it after that, or it may turn into a pump dump coin, especially since the list contains many cryptocurrencies.

GrayScale did not share how they selected these 9 tokens for GDIF, maybe they have their own criteria about capitalization + community + current price trend + growth potential + profit from staking to optimize income from investments in these tokens, to bring GDIF customers the greatest returns when investing in GrayScale GDIF.

We cannot know the specifics of GrayScale's plans, but usually GrayScale's main income comes from investors' asset management fees, not profits from pump/dump like many market makers in the crypto market. Therefore, I believe that GDIF is a long-term plan like GBTC and not a tool to continuously buy and sell or manipulate the market.

[Trongduy]

I'd like to know your opinion on GDIF:

• Do you think GDIF will become a new bullish driver for the 9 tokens on the list?
• Do you hold any tokens on GDIF's list?
• Has GDIF caught your attention and are you planning to invest in the tokens on the GDIF list?

1. This fund from GrayScale can be considered an ETF, investors just need to put money in, then receive monthly staking interest without having to manage it. It is possible that GrayScale will charge management and staking fees. The tokens on this list will get the attention of investors in the market, and their prices have also increased quite well!

2. Unfortunately, I don't have any crypto in my portfolio yet. I'm waiting for the halving before looking for potential tokens to invest in.

3. These tokens will be the ones I prioritize for reference and price analysis to make investment decisions. I hope their prices don't increase too much between now and then.

[bettercrypto]

Maybe the only thing I like about SEI and SOL is that I can really see their development, especially this SOL blockchain, to be honest. Then the rest, I won't go to hold those, just these two.

And if I have other cryptos, they are not there, and I don't need to mention them. Then another grayscale is that we know that it is one of the whales that also has the ability to control the price value of a crypto that they hold.

[joniboini]

Therefore, I believe that GDIF is a long-term plan like GBTC and not a tool to continuously buy and sell or manipulate the market.

While I also think it is unlikely for them to use this as a manipulative tool, it is better to be cautious since by nature you don't own the underlying tokens at all. Even if you don't plan on owning them, the profit for buying indexes that are not tested is also questionable. I believe this is not the first time a business launched an index. As far as I can tell, the profits for the users are small unless you have tons of capital to begin with. By that point, you're probably better off buying Bitcoin or other coins directly.

[Faisal2202]

Honestly, I'm currently DCAing BTC and only plan to start DCAing Altcoins after the Halving. APT, ATOM, DOT, NEAR, and SEI are all on my watchlist, I don't think I'll have a chance to buy these Altcoins at the bottom price this year anymore. Although I regret it, I will still congratulate the holders of these tokens.

Don't regret on your BTC buying and not buying ALTs although these alts could make you 5x to 10x easily and talking about near I am also regretful because I bought it in the price range of 1.75 to 1.98 and unfortunately due to some fake news I sold it all and then did not bought it and now see where it sits, I have some dot and atom in my holding and APT is a good choice. I am glad that you are considering buying alts too because at the start I was so optimistic about BTC that I didn't want to consider alts for my portfolio but when I saw the potential they have and the profit they can make me. I started to invest in them but with little money and I made 2x and more than 2x on some. In short I made profit on at least all of the alts.

But still my most profit is in BTC holdings.

I'd like to know your opinion on GDIF:

• Do you think GDIF will become a new bullish driver for the 9 tokens on the list?
• Do you hold any tokens on GDIF's list?
• Has GDIF caught your attention and are you planning to invest in the tokens on the GDIF list?

1. Yeah, these 9 coins will be bullish but we should avoid them if we want to make money because they are already high and we might get into loss if their hype is already to an end.
2. Yes I do hold some, BTW I am amazed why AVAX is not on the list.
3. I might not invest more, as there are other better narratives in the crypto that could give more returns although the risk there is also high.

[bayu7adi]

Until now, I have been monitoring the development of cryptocurrencies related to ETFs and have not made a good decision regarding investment, which is enough to make me safer because until now I was not very familiar with ETFs. Buy BTC or cryptocurrency assets directly on an exchange.

[hugeblack]

GrayScale did not share how they selected these 9 tokens for GDIF, maybe they have their own criteria about capitalization + community + current price trend + growth potential + profit from staking to optimize income from investments in these tokens, to bring GDIF customers the greatest returns when investing in GrayScale GDIF.

Yes, but these tokens made a good profit when they were announced and have not achieved much since that time, and these investments, compared to Bitcoin investments, seem very small.
You can ask why there is a thread with more detailed information in BTT.

[MUGNIA]

For the tokens listed on GDIF, I don't have all the tokens, although not many, but if they increase by 100% from the purchase, it will be enough for me to make a profit, and I still plan to increase the load on near and sol only.

[Google+]

For the tokens listed on GDIF, I don't have all the tokens, although not many, but if they increase by 100% from the purchase, it will be enough for me to make a profit, and I still plan to increase the load on near and sol only.

At least we all know that GDIF has a list of tokens which can be said to be a very new project and has a very high risk of putting all the assets on one of the lists provided. To be honest, I prefer Bitcoin and Ethereum which have quite price movements. sure and the risk is very small.