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.