灰度推出动态收益基金进行股权证明投资

Grayscale 推出动态收入基金（GDIF），这是一种专门从事权益证明代币投资的主动管理投资产品。该基金通过质押奖励寻求最优回报，旨在简化质押流程，每季度向投资者分配现金收益。该投资组合最初包括 Osmosis、Solana 和 Polkadot 等代币，持有量可能会由经理酌情更改。 GDIF 专门提供给具有高净值或管理资产的合格客户，这体现了 Grayscale 对发展数字资产生态系统的承诺。

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

灰度推出动态收益基金进行股权证明投资

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.

资产管理巨头灰度推出了一款突破性的投资工具——“动态收益基金”（GDIF），专门针对股权证明代币。这种主动管理的基金寻求利用股权证明（PoS）共识机制固有的被动收入机会。

Proof-of-Stake Investing Simplified

简化股权证明投资

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 区块链领域，投资者通过质押其代币作为抵押品来积极参与网络验证。这个过程称为质押，使他们能够以新铸造的代币或交易费的形式获得奖励。

GDIF: A Gateway to Staking Rewards

GDIF：通向质押奖励的门户

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 简化了质押和取消质押多个代币的复杂性。该基金为投资者提供了 PoS 代币创收潜力的机会，而无需了解每个网络复杂的质押要求。

Fund Management and Investment Strategy

基金管理与投资策略

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.

在经验丰富的投资专业人士的管理下，GDIF 采用严格的流程来实现回报最大化。该基金从合格投资者那里筹集资金，满足管理资产 1,100,000 美元或净资产 2,200,000 美元的严格资格标准。

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.

然后，根据定性和定量因素的组合，将资本分配到多元化的股权证明代币投资组合。该基金积极质押这些代币以赚取奖励，这些奖励每周转换为现金，并按季度分发给投资者。

Initial Fund Holdings and Flexibility

初始资金持有量和灵活性

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 投资组合的初始构成，其中包括 Osmosis (OSMO)、Solana (SOL) 和 Polkadot (DOT) 等代币。然而，基金经理保留随着时间的推移调整这些持有量的酌处权，以确保最佳的收入产生和风险管理。

Bitcoin ETF Market Rebounds

比特币ETF市场反弹

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 的推出恰逢比特币 ETF 市场的复苏。根据 BitMEX 研究，比特币 ETF 的资金流出已大幅逆转，表明投资者信心重拾。 Grayscale 的旗舰产品 GBTC ETF 的资金流出极少，表明其面对市场波动的弹性。

Strong Performance from Grayscale Competitors

灰度竞争对手的强劲表现

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的竞争对手表现出色，短短四天内净流入8.44亿美元。 Blackrock 的 IBIT ETF 和 Fidelity 的 FBTC ETF 已成为领跑者，吸引了投资者的大量资金。

Cumulative Flow Reaches $12.5 Billion

累计流量达125亿美元

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 研究数据显示，自 2022 年 1 月开始交易以来，短短三个月内，比特币 ETF 市场累计流入资金已超过 125 亿美元。这凸显了比特币的机构采用率不断上升，以及对为投资者提供投资机会的 ETF 产品的需求不断增加。方便地访问数字资产空间。

Conclusion

结论

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 的动态收入基金标志着加密货币市场的重大创新，为投资者提供了利用权益证明代币创收潜力的机会。该基金的主动管理、多元化的投资组合和严格的风险管理框架为投资者提供了极具吸引力的投资选择。

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.

随着比特币 ETF 市场持续反弹，Grayscale 及其竞争对手准备在释放数字资产领域的机构潜力和促进比特币和其他加密货币的更广泛采用方面发挥关键作用。