Grayscale introduces crypto investment fund that prioritizes staking rewards

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

South Africa News News

Grayscale Investments will allocate the Dynamic Income Fund with three proof-of-stake crypto tokens, subject to change at Grayscale's discretion.

Investors must have assets under management exceeding $1.1 million or a net worth over $2.2 million to qualify for Grayscale's Dynamic Income Fund.

The fund intends to convert staking rewards into US dollars weekly, with distributions planned quarterly for investors. Additionally, Grayscale claims that careful analysis will be conducted to select the Proof of Stake tokens included in the fund's portfolio. The main priority of the fund is to maximize staking income from the assets, with capital growth as a secondary focus, according to Grayscale.

Grayscale has named three PoS tokens that will be held in the fund, including Osmosis comprising a 24% portion, Solana at 20%, and Polkadot at 14%, while 43% is categorized under other tokens.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines