灰階推出動態收益基金進行股權證明投資

Grayscale 推出動態收入基金（GDIF），這是一種專門從事權益證明代幣投資的主動管理投資產品。該基金透過質押獎勵尋求最優回報，旨在簡化質押流程，每季向投資者分配現金收益。該投資組合最初包括 Osmosis、Solana 和 Polkadot 等代幣，持有量可能會由經理人酌情更改。 GDIF 專門提供給具有高淨值或管理資產的合格客戶，這反映了 Grayscale 對發展數位資產生態系統的承諾。

Grayscale Introduces Dynamic Income Fund for Proof-of-Stake Investments

灰階推出動態收益基金進行股權證明投資

Asset management behemoth Grayscale has launched a groundbreaking investment vehicle, the "Dynamic Income Fund" (GDIF), which exclusively targets proof-of-stake tokens. This actively managed fund seeks to capitalize on the passive income opportunities inherent in the proof-of-stake (PoS) consensus mechanism.

資產管理巨頭灰階推出了突破性的投資工具－「動態收益基金」（GDIF），專門針對股權證明代幣。這種主動式管理的基金尋求利用股權證明（PoS）共識機制固有的被動收入機會。

Proof-of-Stake Investing Simplified

簡化股權證明投資

In the realm of PoS blockchains, investors are incentivized to actively participate in network validation by pledging their tokens as collateral. This process, known as staking, allows them to earn rewards in the form of newly minted tokens or transaction fees.

在 PoS 區塊鏈領域，投資者透過質押其代幣作為抵押品來積極參與網路驗證。這個過程稱為質押，使他們能夠以新鑄造的代幣或交易費的形式獲得獎勵。

GDIF: A Gateway to Staking Rewards

GDIF：通往質押獎勵的門戶

Grayscale's GDIF streamlines the complexities of staking and unstaking multiple tokens. The fund provides investors with exposure to the income-generating potential of PoS tokens without the need to navigate the intricacies of each individual network's staking requirements.

Grayscale 的 GDIF 簡化了質押和取消質押多個代幣的複雜性。該基金為投資者提供了 PoS 代幣創造收入潛力的機會，而無需了解每個網路複雜的質押要求。

Fund Management and Investment Strategy

基金管理與投資策略

Under the stewardship of experienced investment professionals, GDIF employs a rigorous process to maximize returns. The fund raises capital from qualified investors, meeting the stringent eligibility criteria of $1,100,000 in assets under management or a $2,200,000 net worth.

在經驗豐富的投資專業人士的管理下，GDIF 採用嚴格的流程來最大化回報。該基金從合格投資者那裡籌集資金，滿足管理資產 1,100,000 美元或淨資產 2,200,000 美元的嚴格資格標準。

Capital is then allocated to a diversified portfolio of proof-of-stake tokens based on a combination of qualitative and quantitative factors. The fund actively stakes these tokens to earn rewards, which are converted into cash on a weekly basis and distributed to investors on a quarterly basis.

然後，根據定性和定量因素的組合，將資本分配到多元化的股權證明代幣投資組合。該基金積極質押這些代幣以賺取獎勵，這些獎勵每週轉換為現金，並按季度分發給投資者。

Initial Fund Holdings and Flexibility

初始資金持股和靈活性

Grayscale has announced the initial composition of GDIF's portfolio, which includes tokens such as Osmosis (OSMO), Solana (SOL), and Polkadot (DOT). However, the fund manager retains the discretion to adjust these holdings over time, ensuring optimal income generation and risk management.

Grayscale 宣布了 GDIF 投資組合的初始組成，其中包括 Osmosis (OSMO)、Solana (SOL) 和 Polkadot (DOT) 等代幣。然而，基金經理保留隨著時間的推移調整這些持有量的酌處權，以確保最佳的收入產生和風險管理。

Bitcoin ETF Market Rebounds

比特幣ETF市場反彈

The launch of GDIF coincides with a resurgence in the Bitcoin ETF market. According to BitMEX research, outflows from Bitcoin ETFs have significantly reversed, signaling renewed investor confidence. Grayscale's flagship GBTC ETF has experienced minimal outflows, indicating its resilience in the face of market volatility.

GDIF 的推出恰逢比特幣 ETF 市場的復甦。根據 BitMEX 研究，比特幣 ETF 的資金流出已大幅逆轉，顯示投資者信心重拾。 Grayscale 的旗艦產品 GBTC ETF 的資金流出極少，顯示其面對市場波動的彈性。

Strong Performance from Grayscale Competitors

灰階競爭對手的強勁表現

Grayscale's competitors have exhibited impressive performance, with net inflows of $844 million in just four days. Blackrock's IBIT ETF and Fidelity's FBTC ETF have emerged as frontrunners, attracting significant capital from investors.

Grayscale的競爭對手錶現出色，短短四天內淨流入8.44億美元。 Blackrock 的 IBIT ETF 和 Fidelity 的 FBTC ETF 已成為領跑者，吸引了投資者的大量資金。

Cumulative Flow Reaches $12.5 Billion

累計流量達125億美元

BitMEX research data reveals that the cumulative inflow into the Bitcoin ETF market has exceeded $12.5 billion in the short span of three months since trading commenced in January 2022. This underscores the growing institutional adoption of Bitcoin and the increasing demand for ETF products that provide investors with convenient access to the digital asset space.

BitMEX 研究數據顯示，自2022 年1 月開始交易以來，短短三個月內，比特幣ETF 市場累計流入資金已超過125 億美元。這凸顯了比特幣的機構採用率不斷上升，以及對為投資者提供投資機會的ETF 產品的需求不斷增加。方便地存取數位資產空間。

Conclusion

結論

Grayscale's Dynamic Income Fund marks a significant innovation in the cryptocurrency market, offering investors the opportunity to tap into the income-generating potential of proof-of-stake tokens. The fund's active management, diversified portfolio, and rigorous risk management framework provide investors with a compelling investment option.

Grayscale 的動態收入基金標誌著加密貨幣市場的重大創新，為投資者提供了利用權益證明代幣創收潛力的機會。該基金的主動管理、多元化的投資組合和嚴格的風險管理框架為投資者提供了極具吸引力的投資選擇。

As the Bitcoin ETF market continues to rebound, Grayscale and its competitors are poised to play a pivotal role in unlocking the institutional potential of the digital asset space and fostering broader adoption of Bitcoin and other cryptocurrencies.

隨著比特幣 ETF 市場持續反彈，Grayscale 及其競爭對手準備在釋放數位資產領域的機構潛力和促進比特幣和其他加密貨幣的更廣泛採用方面發揮關鍵作用。