Grayscale, known for its spot Bitcoin ETF, has introduced a new investment vehicle focused on proof-of-stake network tokens while awaiting an SEC decision on its Ethereum ETF application.

The Grayscale Dynamic Income Fund (GDIF) invests in PoS native tokens to generate yield and distribute income to investors quarterly. Staking on PoS blockchains allows users to secure networks and validate transactions by locking up cryptocurrencies, earning rewards in native tokens.

Ethereum, the largest PoS network, has over 25% of its circulating supply locked on the beacon chain, totaling over $115 billion in staked Ether.

The GDIF includes assets like Aptos (APT), Celestia (TIA), Cosmos (ATOM), and Solana (SOL), offering investors a way to participate in multi-asset staking through a single investment vehicle.

“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.” – Michael Sonnenshein, Grayscale CEO

Grayscale’s move to launch a staking-focused fund comes as U.S. authorities scrutinize crypto practices. While the SEC and other agencies have raised concerns about staking, data shows that Ethereum stakers remain unfazed as the ETH staking rate continues to rise.

Despite regulatory scrutiny in the U.S., countries like the UK are looking to regulate the staking market rather than banning it altogether.

For more news and updates on the crypto industry, explore Global Crypto News.

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