Grayscale, renowned for its prominent spot Bitcoin exchange-traded fund (ETF), has unveiled the Grayscale Dynamic Income Fund (GDIF), marking a significant foray into crypto staking.

This new fund aims to provide investors with a unique blend of growth potential and convenience in the digital asset investment landscape.

Initially supporting nine altcoins, including Aptos (APT), Celestia (TIA), Coinbase Staked Ethereum (CBETH), Cosmos (ATOM), Near (NEAR), Osmosis (OSMO), Polkadot (DOT), SEI Network (SEI), and Solana (SOL), GDIF plans to distribute income in US dollars on a quarterly basis.

The fund seeks to optimise income through staking rewards associated with proof-of-stake digital assets, with capital appreciation from investments being a secondary objective.

While Grayscale's Bitcoin Trust (GBTC) has faced challenges, witnessing significant outflows totaling nearly $10 billion since its transformation into an ETF, GDIF represents a notable expansion of its product offerings, catering to the evolving needs and preferences of investors in the dynamic digital asset landscape.