灰階為高淨值加密貨幣投資者推出動態收益基金

Grayscale Investments 推出了封閉式基金——灰階動態收益基金 (GDIC)，專門針對投資組合規模最低為 110 萬美元或淨資產超過 220 萬美元的高淨值投資者。該基金旨在透過質押股權證明（PoS）加密貨幣代幣來產生收入，重點是優化質押回報而不是資本增值。

Grayscale Unveils Dynamic Income Fund for Accredited Investors Seeking Cryptocurrency Staking Earning**s

Grayscale 為尋求加密貨幣質押收益的合格投資者推出動態收入基金**

Grayscale Investments, a leading digital currency asset management firm, has announced the launch of the Grayscale Dynamic Income Fund (GDIC), a specialized investment vehicle designed to provide accredited investors with access to the earnings generated from staking cryptocurrency tokens.

領先的數位貨幣資產管理公司 Grayscale Investments 宣布推出 Grayscale 動態收入基金 (GDIC)，這是一種專門的投資工具，旨在為合格投資者提供透過質押加密貨幣代幣產生的收益。

The GDIC is exclusively available to clients with over $1.1 million in assets under management (AUM) or a net worth exceeding $2.2 million. The fund aims to convert staking rewards into US dollars on a weekly basis, with quarterly distributions planned for investors. Grayscale emphasizes that it will conduct thorough due diligence to select the Proof of Stake (PoS) tokens that will be included in the fund's portfolio.

GDIC 專門開放給管理資產 (AUM) 超過 110 萬美元或淨資產超過 220 萬美元的客戶。該基金的目標是每週將質押獎勵兌換成美元，並計劃每季向投資者分配。 Grayscale 強調，它將進行徹底的盡職調查，以選擇將納入該基金投資組合的股權證明（PoS）代幣。

"Grayscale manages the complexity of staking and unstaking various tokens as nearly each token has its own individual timelines and requirements to be staked and unstaked," the company stated.

該公司表示：“Grayscale 管理各種代幣質押和解除質押的複雜性，因為幾乎每種代幣都有自己單獨的時間表以及質押和解除質押的要求。”

The primary objective of the GDIC is to optimize staking income from the underlying assets, with capital appreciation as a secondary consideration, according to Grayscale.

Grayscale 表示，GDIC 的主要目標是優化基礎資產的質押收入，資本增值是次要考慮因素。

Cryptocurrency staking involves locking up crypto tokens in a blockchain network to secure and validate transactions, in return for earning interest or rewards.

加密貨幣質押涉及將加密代幣鎖定在區塊鏈網路中以保護和驗證交易，以換取利息或獎勵。

Grayscale has identified three PoS tokens that will initially constitute the fund: Osmosis (OSMO), Solana (SOL), and Polkadot (DOT), with respective allocations of 24%, 20%, and 14%. The remaining 43% of the fund's portfolio will be dynamically allocated to other PoS tokens.

Grayscale 已確定最初構成該基金的三種 PoS 代幣：Osmosis (OSMO)、Solana (SOL) 和 Polkadot (DOT)，分配比例分別為 24%、20% 和 14%。基金投資組合的剩餘 43% 將動態分配給其他 PoS 代幣。

As of this writing, OSMO offers an annual staking reward rate of 11.09%, SOL stands at 7.42%, and DOT is at 11.9%, according to data from Staking Rewards. However, only Solana (SOL) ranks among the top ten PoS tokens by market capitalization, based on CoinMarketCap information.

根據 Stake Rewards 的數據，截至撰寫本文時，OSMO 提供的年度質押獎勵率為 11.09%，SOL 為 7.42%，DOT 為 11.9%。然而，根據 CoinMarketCap 的訊息，只有 Solana (SOL) 躋身市值排名前十名的 PoS 代幣之列。

Grayscale reserves the right to adjust the fund's crypto holdings at its discretion.

灰度保留自行調整基金加密貨幣持有量的權利。

The launch of the GDIC comes amidst increased regulatory scrutiny of Grayscale's investment products. The company's spot Bitcoin exchange-traded fund (ETF), which debuted in January 2023, has faced criticism due to its high management fees, resulting in significant outflows.

GDIC 的推出正值灰階投資產品監管審查日益加強之際。該公司於2023年1月推出的現貨比特幣交易所交易基金（ETF）因管理費過高而面臨批評，導致資金大量流出。

As of March 26, 2023, the Grayscale Bitcoin Trust (GBTC) had experienced consistent outflows since its inception, totaling over $14 billion as of March 25. In comparison, similar spot Bitcoin ETFs offer an average management fee of 0.30%, significantly lower than Grayscale's 1.5% per annum fee.

截至2023 年3 月26 日，灰階比特幣信託基金(GBTC) 自成立以來經歷了持續的資金流出，截至3 月25 日資金總額超過140 億美元。相比之下，類似的現貨比特幣ETF的平均管理費為0.30%，明顯低於Grayscale 的年費為 1.5%。

Despite these challenges, Grayscale continues to face regulatory hurdles in obtaining approval from the US Securities and Exchange Commission (SEC) for its Ethereum Futures exchange-traded fund (ETF).

儘管有這些挑戰，Grayscale 在獲得美國證券交易委員會 (SEC) 批准其以太坊期貨交易所交易基金 (ETF) 方面仍面臨監管障礙。

The GDIC is a testament to Grayscale's commitment to providing institutional investors with diversified exposure to the cryptocurrency market. By offering a fund that focuses on staking income, Grayscale is catering to the growing demand for yield-generating cryptocurrency investments.

GDIC 證明了灰階致力於為機構投資者提供加密貨幣市場的多元化投資。透過提供專注於質押收入的基金，灰度正在滿足對產生收益的加密貨幣投資不斷增長的需求。